Abstract
This study aims to address the legal and political implications of the creation of a digital currency by the European Central Bank: the digital euro. The popularisation of cryptocurrencies or cryptoassets and their slow but progressive expansion in use has caused a large number of countries to consider launching their own digital currencies, duly validated by their respective central banks, as a faster and more efficient alternative means of payment in the digital economy. This article discusses the main characteristics that define a CBDC acronym for central bank-issued digital currency, how they differ from cryptocurrencies, and assesses what are the potential advantages and the main challenges of incorporating a European digital currency as legal tender.
Translated title of the contribution | The Digital Euro: advantages, challenges and policy implications |
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Original language | Spanish (Peru) |
Pages (from-to) | 89-135 |
Journal | Revista de Privacidad y Derecho Digital |
Volume | 6 |
Issue number | 24 |
Publication status | Published - Nov 2021 |