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Blockchain technologies hold the key to building an inclusive global digital economy that is auditably secure and … economy works to the benefit of all. The G20 must take decisive steps to harness this technology in service of its policy … goals across the core focus areas of economic resilience, financial inclusion, taxation, trade and investment, employment …
Persistent link: https://www.econbiz.de/10011691344
Distributed Ledger Technology (DLT) is out to change our future. Its scope is not limited to tokenizing physical …. Technology is ready to support the development of a secure Universal Access Device (UAD), a single key tool for protecting and …
Persistent link: https://www.econbiz.de/10012823347
This paper analyzes the legal foundations of central bank digital currency (CBDC) under central bank and monetary law. Absent strong legal foundations, the issuance of CBDC poses legal, financial and reputational risks for central banks. While the appropriate design of the legal framework will...
Persistent link: https://www.econbiz.de/10013252024
instance, one cannot expect a cryptocurrency such as Libra to trade in a narrow band without a robust monetary policy. The … mathematical description of the dynamics of (crypto)currency exchange rates in target zones, mechanisms for keeping the exchange …
Persistent link: https://www.econbiz.de/10012847994
This paper explores the regulation and differences between various digital currencies, including cryptocurrency …
Persistent link: https://www.econbiz.de/10014351432
Blockchain is one of the most disruptive innovations in the field of technology in 21st century. Blockchain, a … three key properties of Blockchain technology, Decentralization, Transparency and Immutability have created a huge impact on … the banking and finance industries. As technology is the main driving force in Blockchain and its various applications, it …
Persistent link: https://www.econbiz.de/10013216035
Cryptocurrencies are often thought to operate out of the reach of national regulation, but in fact their valuations … results suggest that cryptocurrency markets rely on regulated financial institutions to operate and that these markets are …
Persistent link: https://www.econbiz.de/10012205633
industry, examining how blockchain and distributed ledger technology (DLT) are being used in the public sector and enterprise …The first global blockchain benchmarking study presents a systematic and comprehensive picture of a rapidly evolving … surveyed central banks are experimenting with the Ethereum codebase), targeted use cases, emerging revenue models, timing of …
Persistent link: https://www.econbiz.de/10012901027
in market infrastructures to indirectly affect the cryptocurrency markets. Alternatively, it can venture into issuing … strategies and tools to influence cryptocurrency markets. This indirect approach can be implemented through the ECB's existing …
Persistent link: https://www.econbiz.de/10012866515
Bitcoin is a distributed system. The greatest dilemma it poses to the current legal and regulatory systems is that it … is hardly possible to regulate a distributed network in a centralized fashion as decentralized permissionless blockchain …-based cryptocurrencies are antithetical to the existing centralized structure of monetary and financial regulation. By shifting the policy …
Persistent link: https://www.econbiz.de/10012849751