The Euro @20: Lessons for the Next Generation of Virtual Currencies

Q2 Social Sciences

European Business Law Review Pub Date : 2022-02-01 DOI:10.54648/eulr2022002

Y. Chiu

引用次数: 0

Abstract

The euro is for many reasons a remarkable legal tender. Even though formally introduced only in 1999, it soon became the second most important currency after the US Dollar in the international monetary system. The 20th anniversary of the euro offers an ideal occasion to reflect on decisive factors underlying its successes and failures. Employing a combined approach that links aspired reforms of the Economic and Monetary Union with novel topics arising from financial technology, this article derives important lessons for the next generation of virtual currencies and furthermore proposes a set of guiding principles for modern regulation and supervision. As a result, the study contributes to safeguarding the financial order in a global and dynamic environment. EU law, euro, virtual currency, crypto-asset, digital currency, legal tender, money, payment system, Economic and Monetary Union (EMU), European Central Bank (ECB), regulation and supervision, international standards, financial crisis, risk management, financial technology (fintech), Distributed Ledger Technology (DLT)

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欧元@20：下一代虚拟货币的经验教训

出于多种原因，欧元是一种引人注目的法定货币。尽管1999年才正式引入，但它很快成为国际货币体系中仅次于美元的第二重要货币。欧元诞生20周年提供了一个理想的机会来反思其成功和失败背后的决定性因素。本文采用了一种结合的方法，将经济和货币联盟的改革与金融技术带来的新课题联系起来，为下一代虚拟货币提供了重要的经验教训，并进一步提出了一套现代监管的指导原则。因此，这项研究有助于在全球动态环境中维护金融秩序。欧盟法律、欧元、虚拟货币、加密资产、数字货币、法定货币、货币、支付系统、经济货币联盟（EMU）、欧洲央行（ECB）、监管和监督、国际标准、金融危机、风险管理、金融技术（fintech）、分布式账本技术（DLT）

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来源期刊

European Business Law Review Social Sciences-Law

CiteScore

1.10

自引率

0.00%

发文量

期刊介绍： The mission of the European Business Law Review is to provide a forum for analysis and discussion of business law, including European Union law and the laws of the Member States and other European countries, as well as legal frameworks and issues in international and comparative contexts. The Review moves freely over the boundaries that divide the law, and covers business law, broadly defined, in public or private law, domestic, European or international law. Our topics of interest include commercial, financial, corporate, private and regulatory laws with a broadly business dimension. The Review offers current, authoritative scholarship on a wide range of issues and developments, featuring contributors providing an international as well as a European perspective. The Review is an invaluable source of current scholarship, information, practical analysis, and expert guidance for all practising lawyers, advisers, and scholars dealing with European business law on a regular basis. The Review has over 25 years established the highest scholarly standards. It distinguishes itself as open-minded, embracing interests that appeal to the scholarly, practitioner and policy-making spheres. It practices strict routines of peer review. The Review imposes no word limit on submissions, subject to the appropriateness of the word length to the subject under discussion.