The Executive Secretary of the West Africa Telecommunications Regulators Assembly (WATRA), Mr. Aliyu Aboki, moderated the highly anticipated Session 5 on "Safe and Inclusive Digital Financial Services" during the International Telecommunications Union’s Global Symposium for Regulators (ITU GSR-4) in Kampala, Uganda. This session was set to provide critical insights and foster robust discussions on the regulatory frameworks essential for a secure and inclusive digital financial ecosystem.
Mr. Aboki, with his extensive experience and deep understanding of the regulatory landscape, will guide a panel of distinguished experts through a comprehensive exploration of regulatory strategies to foster a secure and inclusive digital financial ecosystem. The session addressed the burgeoning complexities of crypto-asset regulation, balancing innovative fintech solutions with traditional banking norms, and ensuring consumer safety in the digital finance landscape.
The discussions delved into pivotal questions such as how can inclusive access to digital financial services be ensured. Are current calls to regulate cryptocurrencies appropriate, and who would be affected? What measures are necessary to secure digital transactions and maintain consumer trust?
The session also featured a distinguished panel of experts who shared their perspectives and expertise. These include Mr. Mustafa Yasin Sheikh, Director General, of National Communications Authority, Somalia; Mr. Jabiri Kuwe Bakari, Director General, of Tanzania Communications Regulatory Authority (TCRA), Tanzania; Mr. James Claude, CEO, of Global Voice Group; Ms. Bernadette Lewis, Secretary General, Commonwealth Telecommunications Organisation (CTO); and Ms. Mei Lin Fung, Chair, People-Centred Internet.
The GSR 2024 emphasises open and frank dialogue, encouraging spontaneous and insightful exchanges rather than prepared statements.
"In an era where digital financial services are becoming the backbone of global commerce, it is crucial to address the dual imperatives of security and inclusivity. This session at GSR 2024 is not just about discussing regulatory challenges; it’s about shaping the future of digital finance to be safe, accessible, and trustworthy for all. I am eager to moderate what I believe will be a transformative discussion that paves the way for groundbreaking advancements in our industry," the Executive Secretary, WATRA, Aliyu Aboki.
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