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Virtual currencies in the Eurosystem: challenges ahead


Lastra, RM and Allen, JG, Virtual currencies in the Eurosystem: challenges ahead, Monetary Dialogue, European Union, Brussels, Belgium, July (2018) [Government or Industry Research]

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Speculation on Bitcoin, the evolution of money in the digital age, and the underlying blockchain technology are attracting growing interest. In the context of the Eurosystem, this briefing paper analyses the legal nature of privately issued virtual currencies (VCs), the implications of VCs for central bank’s monetary policy and monopoly of note issue, and the risks for the financial system at large. The paper also considers some of the proposals concerning central bank issued virtual currencies. This document was provided by Policy Department A at the request of the Committee on Economic and Monetary Affairs.

Item Details

Item Type:Government or Industry Research
Keywords:virtual currencies, Eurosystem, regulation, distributed ledger systems
Research Division:Law and Legal Studies
Research Group:Commercial law
Research Field:Commercial law
Objective Division:Expanding Knowledge
Objective Group:Expanding knowledge
Objective Field:Expanding knowledge in economics
UTAS Author:Allen, JG (Mr Jason Allen)
ID Code:134264
Year Published:2018
Deposited By:Office of the Faculty of Law
Deposited On:2019-08-05
Last Modified:2019-08-06

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