Annathurai, Anusha and Norwazli, Abdul Wahab and Nurul Syafidah, Jamil (2024) A review on governance principles of cross-border Central Bank digital currency interoperability: A case study of Project Dunbar. Journal of Governance & Integrity, 7 (2). pp. 813-819. ISSN 2600-7479. (Published)
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Abstract
Cross-border central bank digital currency (CBDC) interoperability projects involving multiple CBDC (mCBDC) initiatives through collaboration among central banks have increased due to fintech innovation. In response to the governance concerns raised by Project Dunbar, one of the pilot initiatives, this study attempted to assess its compliance with the principles of cross-border Central Bank Digital Currency (CBDC) interoperable governance. Despite the study's reliance on grey literature, the interoperable governance enhancements that Project Dunbar requires were highlighted based on the following principles: (1) transparency and accountability, (2) oversight authorities, (3) user accessibility and inclusion and (4) inter-jurisdictional cooperation. The study proposes further studies on the development of implementation strategies and review of other initiatives as case studies.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Project Dunbar, Governance principles, CBDC interoperability, mCBDC, Fintech innovation |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management |
| Faculty/Division: | Faculty of Industrial Management Institute of Postgraduate Studies |
| Depositing User: | Miss Amelia Binti Hasan |
| Date Deposited: | 08 Feb 2025 07:12 |
| Last Modified: | 08 Feb 2025 07:12 |
| URI: | http://umpir.ump.edu.my/id/eprint/43772 |
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