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Regulating Digital Currencies: Central Bank-Sponsored and Stablecoins
February 10 @ 18:00 - 19:30 UTC+2
Digital currencies have the potential to improve the speed and efficiency of payments. The most urgent goal is to facilitate payments among consumers on a day-to-day basis, as an alternative to cash, both domestically and across national borders. This Article critically examines the ongoing progress to try to develop retail digital currencies, focusing on the two realistic approaches: central-bank-sponsored currencies, and privately-issued currencies that are backed by assets having intrinsic value (stablecoins). The Article also analyzes how these digital currencies should be regulated and supervised.