Disruptive technologies and the creation of these assets have potential benefits, the most important being those related to financial inclusion, reduced informality and tax evasion, and the promotion of safer and more efficient electronic payments. However, risks, concerns, and costs also arise. In particular, there is the need to develop technical capacity and adapt informationtechnology resources towards cybersecurity. With regard to anonymity, this can generate problems as it discourages users from working with information under these constraints. Finally, if digital currencies are not Page 1 of 4  Central Bank of Chile October 2019  universally accepted and financially exclude the population less integrated into the new technologies, reputational risks may also emerge. When we talk about the digital economy, we are referring to a wide range of economic activities, and the huge volumes of data they generate. Now there are many new, more timely and granular sources of information, but largely unstructured for statistical purposes. This imposes statistical agencies a new role in data management, which involves the application of efficient and secure practices for data storage, handling and dissemination. As the exploitation of administrative records and alternative sources that qualify as big data consolidates, it presents an opportunity to complement the indicators currently available. Similarly, we need professionals with the necessary skills to exploit these great volumes of information, along with a technological infrastructure that allows the efficient storage and processing of such volumes. From a global standpoint, digitization has modified the perception of distance, reducing the costs of crosscountry coordination.

The lessons we derived from this experience will lead global decision makers to reconsider their policies. We have already started to observe critical and permanent changes in global financial order. The future of the financial system will be in a much better shape with a pre-emptive approach. The coordination is especially needed in terms of better regulation and supervision of financial market instruments. In order for the mission of the COMCEC and thus of the Organization of the Islamic Conference to be successful, it is necessary for the decision making mechanisms to acquire a more active and global dimension. The success of the economy policies of the Islamic counties under the roof of the COMCEC depends on the formation of measures to increase trust and establishment of a close cooperation in economic and commercial areas. Annual meetings of the Governors of the Central Banks of the COMCEC countries will be very important in terms of catching up with the world’s agenda and following the recent developments. Economic activities of the related countries will be supported the most by increasing the cooperation between the central banks of the COMCEC countries, enhancing the functioning of the active mechanisms of communication in international platforms and sharing the experiences. The recovery of the economies of the Islamic countries will be fastened by increasing the exchange of information in the fields of economy, finance and banking among the member and observer countries’ central banks and financial authorities.