Page 93 - ITU-T Focus Group Digital Financial Services – Recommendations
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ITU-T Focus Group Digital Financial Services
Recommendations
practical challenges are arising in its implementation. International Association of Deposit Insurers (IADI) has
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signaled this approach as an important area for further research.
The feasibility and effectiveness of each approach, and how it may need to be tailored in a given country, will
depend on the legal, regulatory and supervisory framework, the characteristics of the deposit insurance system,
and the specific types of DFS providers, products, and associated risks. Regardless of the approach taken, it
is important for regulators to make a conscious policy decision on the deposit insurance approach to digital
stored-value products so as to address legal uncertainties and improve the protection of digital customer funds.
52 International Association of Deposit Insurers, Financial Inclusion and Deposit Insurance (2013) http:// www. iadi. org/ en/ assets/
File/ Papers/ Approved%20 Research%20 -%20 Discussion%20 Papers/ 2013- 06_ Financial_ Inclusion_ and_ Deposit_ Insurance_
publication- clean. pdf
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