Opportunities and challenges associated with the development of FinTech and Central Bank Digital Currency

IF 6.1 2区 经济学 Q1 BUSINESS, FINANCE
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引用次数: 0

Abstract

Central banks around the world are exploring the possibility of Central Bank Digital Currencies (CBDCs) for retail and wholesale use. While no major economy is yet to fully introduced a CBDC, some countries have begun pilot programs. The purpose of this paper is to highlight the potential benefits and risks associated with CBDCs, including challenges and opportunities associated with proposed CBDC regulation in the United States and the European Union. The paper also discusses the CBDC landscape in Asia. It highlights some of the key findings of the research presented in this special issue on FinTech and CBDCs. Lastly, the paper offers thoughts for potential future research in areas such as the actual designs of CBDCs and their uses, ‘DeFi’ versus ‘CeFi’, their interoperability and stability, and concerns over cybercrime.

与金融科技和中央银行数字货币发展相关的机遇和挑战
世界各地的中央银行都在探索将中央银行数字货币(CBDC)用于零售和批发的可能性。虽然目前还没有一个主要经济体全面引入 CBDC,但一些国家已经开始了试点项目。本文旨在强调与 CBDC 相关的潜在利益和风险,包括与美国和欧盟提议的 CBDC 监管相关的挑战和机遇。本文还讨论了亚洲的 CBDC 情况。本文重点介绍了本期金融科技与 CBDC 特刊中的一些主要研究成果。最后,本文就未来可能开展研究的领域提出了一些想法,例如 CBDC 的实际设计及其用途、"DeFi "与 "CeFi"、其互操作性和稳定性以及对网络犯罪的担忧。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
7.70
自引率
9.30%
发文量
78
审稿时长
34 days
期刊介绍: The Journal of Financial Stability provides an international forum for rigorous theoretical and empirical macro and micro economic and financial analysis of the causes, management, resolution and preventions of financial crises, including banking, securities market, payments and currency crises. The primary focus is on applied research that would be useful in affecting public policy with respect to financial stability. Thus, the Journal seeks to promote interaction among researchers, policy-makers and practitioners to identify potential risks to financial stability and develop means for preventing, mitigating or managing these risks both within and across countries.
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