Digital Economy, viNGN releases

UN commission on Latin America and Caribbean calls for innovation, cooperation to manage increasing digital financial traffic

eclac-logoAs digital payments become more and more the norm, the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) has released a study indicating the urgency of the Caribbean as a region to address regional shortfalls in payment technology infrastructure, with an eye towards oversight and innovation.

The creation of knowledge exchange networks and development of standardized public policies regarding digital currencies are essential to leveraging the collective intelligence of the Caribbean – with a nod to CARICOM’s work to generate an Information and Communication Technology (ICT) arena.

The existence of the Organization of Eastern Caribbean States’ Central Bank is a major starting point for managing regulatory mandates for both digital currency and mobile financial exchange methods. In addition, the increase in the flow of monies will necessitate sophisticated monitoring and cooperative relationships with law enforcement.

The question is not when, but how the Caribbean will be best positioned to not only take advantage of digital currency exchanges, but avoid exploitation. Download and review the report here (PDF): ECLAC-S1501234_en


About vingn

The Virgin Islands Next Generation Network (viNGN) was established in 2010 as a public corporation; it is a wholly-owned subsidiary of the Virgin Islands Public Finance Authority. viNGN was funded primarily from an American Recovery and Reinvestment Act (ARRA) grant made by the National Telecommunications and Information Administration (NTIA) as part of a federal program to improve the broadband capacity in the United States, its territories, and the District of Columbia. The program is called the Broadband Technology Opportunities Program (BTOP). For more information regarding viNGN, call (340) 715-8581, or visit


No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


Free Public Wi-Fi Hot Spots

Take an Hour of Code!

Hour of Code Recovery Style image

How Fast is YOUR Internet?

Learn Something New Today!

Child Internet Safety Videos

Meet viNGN President and Chief Executive Officer H. Mark McGibbon, Ph.D. & D.B.A.

Tweet Us!

Personal Development

Sign up for PCC Alerts


%d bloggers like this: