Central Bank Digital Currencies and Law
Forthcoming chapter in upcoming book, Istituto Affari Internazionali ed., Peter Lang
13 Pages Posted: 4 Sep 2020 Last revised: 1 Oct 2020
Date Written: September 1, 2020
This policy paper examines the legal issues surrounding a “retail” central-bank-issued digital currency (“CBDC”)—one that is used by consumers on a day-to-day basis as an alternative to cash. Most discussions about CBDC focus on its purported benefits and initial design questions. Little is written about how existing laws and regulations will extend to CBDCs or what new regulations will have to be implemented. This paper engages in that analysis.
Keywords: digital currency, CBDC
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