A review on governance principles of cross-border Central Bank digital currency interoperability: A case study of Project Dunbar
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, t...
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| Format: | Article |
| Language: | English |
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Penerbit Universiti Malaysia Pahang
2024
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| Online Access: | http://umpir.ump.edu.my/id/eprint/43772/ http://umpir.ump.edu.my/id/eprint/43772/1/A%20review%20on%20governance%20principles%20of%20cross-border%20Central%20Bank%20digital%20currency%20interoperability%20-%20A%20case%20study%20of%20Project%20Dunbar.pdf |
| _version_ | 1848826955373215744 |
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| author | Annathurai, Anusha Norwazli, Abdul Wahab Nurul Syafidah, Jamil |
| author_facet | Annathurai, Anusha Norwazli, Abdul Wahab Nurul Syafidah, Jamil |
| author_sort | Annathurai, Anusha |
| building | UMP Institutional Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-15T03:53:02Z |
| format | Article |
| id | ump-43772 |
| institution | Universiti Malaysia Pahang |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T03:53:02Z |
| publishDate | 2024 |
| publisher | Penerbit Universiti Malaysia Pahang |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | ump-437722025-02-08T07:12:00Z http://umpir.ump.edu.my/id/eprint/43772/ A review on governance principles of cross-border Central Bank digital currency interoperability: A case study of Project Dunbar Annathurai, Anusha Norwazli, Abdul Wahab Nurul Syafidah, Jamil HD28 Management. Industrial Management 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. Penerbit Universiti Malaysia Pahang 2024 Article PeerReviewed pdf en cc_by_nc_4 http://umpir.ump.edu.my/id/eprint/43772/1/A%20review%20on%20governance%20principles%20of%20cross-border%20Central%20Bank%20digital%20currency%20interoperability%20-%20A%20case%20study%20of%20Project%20Dunbar.pdf 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) https://doi.org/10.15282/jgi.7.2.2024.11509 10.15282/jgi.7.2.2024.11509 |
| spellingShingle | HD28 Management. Industrial Management Annathurai, Anusha Norwazli, Abdul Wahab Nurul Syafidah, Jamil A review on governance principles of cross-border Central Bank digital currency interoperability: A case study of Project Dunbar |
| title | A review on governance principles of cross-border Central Bank digital currency interoperability: A case study of Project Dunbar |
| title_full | A review on governance principles of cross-border Central Bank digital currency interoperability: A case study of Project Dunbar |
| title_fullStr | A review on governance principles of cross-border Central Bank digital currency interoperability: A case study of Project Dunbar |
| title_full_unstemmed | A review on governance principles of cross-border Central Bank digital currency interoperability: A case study of Project Dunbar |
| title_short | A review on governance principles of cross-border Central Bank digital currency interoperability: A case study of Project Dunbar |
| title_sort | review on governance principles of cross-border central bank digital currency interoperability: a case study of project dunbar |
| topic | HD28 Management. Industrial Management |
| url | http://umpir.ump.edu.my/id/eprint/43772/ http://umpir.ump.edu.my/id/eprint/43772/ http://umpir.ump.edu.my/id/eprint/43772/ http://umpir.ump.edu.my/id/eprint/43772/1/A%20review%20on%20governance%20principles%20of%20cross-border%20Central%20Bank%20digital%20currency%20interoperability%20-%20A%20case%20study%20of%20Project%20Dunbar.pdf |