Abbreviations

AIIB Asian Infrastructure Investment Bank AML Anti Money Laundering API Application Programming Interface ATM Automated Teller Machine BCBS Basel Committee on Banking Supervision BCU Banco Central de Uruguay BIS Bank for International Settlements BSN Blockchain Service Network CBDC Central Bank Digital Currency CCP Central Counterparty CFR Code of Federal Regulations CFT Combating the Financing of Terrorism CHIPS Clearing House Interbank Payments System CIPS Cross-​border Interbank Payments System CNH Offshore Renminbi CNH Onshore Renminbi CPMI Committee on Payments and Market Infrastructures CPSS Committee on Payment and Settlement Systems CSD Central Securities Depository DC/​EP Digital Currency/​Electronic Payments DLT Distributed Ledger Technology DvP Delivery versus Payment ECB European Central Bank e-​Cedi Electronic Ghanaian Cedi eCFA Electronic West African CFA franc e-​Dinar Electronic Tunisian Dinar EFTA Electronic Fund Transfer Act EPC European Payments Council EU European Union FATF Financial Action Task Force FMI Financial Market Infrastructure FRB Federal Reserve Bank FSB Financial Stability Board G7 Group of Seven GDP Gross Domestic Product GPS Global Payments System GPS Government Payment Programme HTLC Hashed Timelock Contract

NicolaNicola Bilotta Bilotta and and Fabrizio Fabrizio Botti Botti - 978-3-0343-4292-6 - 9783034342919 Downloaded from PubFactory at 03/29/202109/25/2021 09:57:51AM03:33:23PM via Zentralbibliothekvia free access Zürich 200 Abbreviations

IBAN International Bank Account Number IFWG Intergovernmental Fintech Working Group IMF International Monetary Fund IOSCO International Organization of Securities Commissions KYC Know-​Your-​Customer LTRO Long Term Refinancing Operation NFC Near-​Field Communication NPS National Payments System OECD Organisation for Economic Co-​operation and Development PAFI Payment Aspects of Financial Inclusion PFMI Principles for Financial Market Infrastructure PK Public Key PboC People’s Bank of China PoW Proof of Work PS Payments System PSD2 Second Payment System Directive PSP Payment Service Provider PSSS Payment and Settlement Systems and Services PvP Payment versus Payment QR Quick Response RCBDC Retail CBDC RMB Renminbi RTGS Real Time Gross Settlement RTP Real Time Payment SADC Southern African Development Community SDR Special Drawing Right SIC State Information Center SIPS Systemically Important Payment System SK Secret Key SWIFT Society for Worldwide Interbank Financial Telecommunication T2 TARGET 2 T2S TARGET 2 Securities TIPS TARGET Instant Payment Settlement UCC Uniform Commercial Code UNCITRAL United Nations Commission on International Trade Law UPI Unified Payment Interface US United States USC United States Code UTXO Unspent Transaction Output WB World Bank W-​CDBC Wholesale CBDC

NicolaNicola Bilotta Bilotta and and Fabrizio Fabrizio Botti Botti - 978-3-0343-4292-6 - 9783034342919 Downloaded from PubFactory at 03/29/202109/25/2021 09:57:51AM03:33:23PM via Zentralbibliothekvia free access Zürich GLOBAL POLITICS AND SECURITY Series Editor: Prof. Lorenzo Kamel, University of Turin’s History Department, and Istituto Affari Internazionali (IAI)

“Global Politics and Security” publishes high-quality books authored by leading academics, think-tankers and policymakers on topical questions in international relations and contemporary history, ranging from diplomacy and security, to development, economy, migration, energy and climate. The series publishes works produced by the Istituto Affari Internazionali (IAI), Italy’s leading foreign policy think-tank, as well as by authors affiliated to other international think tanks or universities. The aim is to promote deep- er knowledge of emerging issues and trends through constant exchange be- tween the worlds of academia and practice. Publications include original monographs and edited volumes which combine a grasp of the past, an un- derstanding of present dynamics, and a vision about potential futures.

Vol. 1 Lorenzo Colantoni, Giuseppe Montesano, Nicolò Sartori (eds): Empowering Africa. Access to power in the African continent

Vol. 2 Aybars Görgülü, Gulsah Dark Kahyaoğlu (eds): The Remaking of the Euro-Mediterranean Vision. Challenging Eurocentrism with Local Perceptions in the Middle East and North Africa.

Vol. 3 Leila Simona Talani, Matilde Rosina (eds): Tidal Waves? The Political Economy of Populism and Migration in Europe.

Vol. 4 Nicola Bilotta, Simone Romano (eds): The Rise of Tech Giants. A Game Changer in Global Finance and Politics.

Vol. 5 Lorenzo Kamel (ed.): The Middle East: Thinking About and Beyond Security and Stability.

Vol. 6 Lorenzo Kamel (ed.): Collapse and Rebirth of Cultural Heritage: The Case of Syria and Iraq.

Vol. 7 Nicola Bilotta and Fabrizio Botti (eds): The (Near) Future of Central Bank Digital Currencies: Risks and Opportunities for the Global Economy and Society.NicolaNicola Bilotta Bilotta and and Fabrizio Fabrizio Botti Botti - 978-3-0343-4292-6 - 9783034342919 Downloaded from PubFactory at 03/29/202109/25/2021 09:57:51AM03:33:23PM www.peterlang.com via Zentralbibliothekvia free access Zürich