Regulators

Making Local Currencies Globally Accessible

Many governments are now working to ensure their local currency is not only strong at home but also recognized and accessible abroad, just like today’s major hard currencies. The Digital Local Currency Program helps achieve this ambition by connecting national payment schemes—such as Troy in Turkey or RuPay in India—to global demand through secure, compliant digital channels.

By integrating these schemes into a broader framework, inbound individuals—whether tourists, students, business travelers, or diaspora—can BUY, KEEP, and SPEND the local currency digitally, before and during their stay.

For regulators, this means:

Elevating their local currency’s role in cross-border flows.
Strengthening monetary sovereignty while reducing cash dependency.
Showcasing a safe, authentic, and truly local experience to international users.

This creates not only a healthier business environment and stronger inflows, but also positions the national currency as a globally relevant settlement instrument in the digital age.

Monetary Sovereignty

Strengthen the position of your national currency by ensuring all foreign inflows—from tourists, students, or diaspora—enter directly into your regulated financial system, reducing reliance on foreign schemes.

Cash Reduction

Lower the costs and risks of printing, distributing, and managing physical cash by shifting inbound demand into secure digital channels before travelers even arrive.

Regulatory Insight

Gain transparent, real-time data on foreign spending patterns without the guesswork of cash transactions—supporting smarter policymaking and better economic oversight.

Sustainable Growth

Unlock new opportunities for local banks and businesses by syndicating demand around your national currency, creating stronger inflows and a more resilient digital economy.

Reducing Cash Dependence Through Digital Channels

Regulators face significant costs in printing, distributing, and monitoring cash. By directing foreign currency inflows into regulated digital channels at the source, the Digital Local Currency Program helps reduce reliance on physical cash while strengthening oversight. Instead of carrying and exchanging cash, inbound individuals—tourists, students, business travelers, and diaspora—gain immediate access to local digital currency through their home bank or wallet.

For regulators, this shift means:

Lower costs from reduced cash printing, transport, and circulation.
Better transparency with real-time visibility into inbound spending patterns.
Greater security by minimizing risks tied to informal cash exchange and shadow markets.
Improved monetary control as inflows are captured within the regulated financial system.

By channeling demand digitally before individuals even arrive, the Program ensures foreign spending strengthens the domestic economy while supporting national financial inclusion and monetary stability goals

Current card schemes around the world

There are several extant card schemes operating around the world, each with its own unique features. They enable secure and convenient electronic transactions across the country. This scheme facilitates international travel and commerce by providing a seamless payment experience. These card schemes play a crucial role in fostering global connectivity and economic growth by facilitating swift and reliable transactions, ultimately benefiting individuals, businesses, and economies alike.

Current card schemes around the world

Across the world, many countries have developed their own domestic card schemes, each designed to provide secure and convenient electronic transactions within national markets. Within the framework of the Digital Local Currency Program, these schemes are positioned as the preferred channel for local currency disbursement to inbound individuals—tourists, students, business travelers, and diaspora—who wish to BUY, KEEP, and SPEND local currency digitally.

Because these schemes operate as closed-loop networks, they do not engage in cross-border settlement. This gives them significant advantages: lower exposure to external risks, reduced dependency on foreign intermediaries, and greater resilience within their own geography. As a result, domestic card schemes become not only the safest method for digital fund disbursement, but also a strategic instrument for promoting monetary sovereignty and protecting national financial ecosystems

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Want to know more?

Explore our blog for insights on how the Digital Local Currency Program, as a RegTech framework, supports regulators worldwide in strengthening local currency demand and unlocking greater economic potential.