Contact: tsbevents@itu.int

Introduction
The International Telecommunication Union (ITU) organized a Workshop on Standardizing Digital Fiat Currency (DFC) and its Applications from 18-19 July 2018 at Cornell Tech, 2 W Loop Road, New York City, NY 10044, United States. The event was kindly hosted by Cornell Research Academy for Development, Law and Economics and the Jack Clarke Business Law Institute, Cornell School of Law. This workshop took place during the second meeting of the Focus Group on Digital Currency including Digital Fiat Currency (FG DFC) from 18-20 July 2018 at the same venue.

Objectives
The objectives of this workshop were to:

• Discuss the latest technology trends and innovations in the area of central bank issued digital currency; 
• Create a platform for dialogue and knowledge sharing between the telecom and financial services regulators to discuss emerging issues and best practices for the policy and regulatory framework for digital fiat currency; 
• Share best practices in areas of interest to the Focus Group Digital Currency including Digital Fiat Currency, such as security of digital fiat currency operations, interoperability, and architecture models for digital fiat currency;
• Showcase use cases of digital currency implementations from different countries.

The outputs of the workshop were submitted to the Focus Group Digital Currency including Digital Fiat Currency meeting for consideration.

Target Audience
Participation in the workshop is open to ITU Member States, Sector Members, Associates and Academic Institutions and to any individual from a country which is a member of ITU who wishes to contribute to the work. This includes individuals who are also members of international, regional and national organizations. The workshop is free of charge.