The economic law of (central bank) digital currency
Abstract
The digital transformation of money has raised concerns about how it affects sovereignty. The rise of cryptocurrencies and the possibility of global payment systems based on stablecoins and digital currencies issued by central banks require a re-evaluation of the effects of these changes on the concept of money as a public good and legal tender. The analysis will start focusing on this experience and its implications to shift to the case where a cryptocurrency is used as a central bank currency. Then an attempt will be made to frame the distinctive features of a digital currency issued by a central bank.
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The decision to pursue a CBDC is ultimately a policy and political matter.
“The decision to pursue a CBDC is ultimately a policy and political matter”
From From Legal Tender to Prohibition: Competing Paradigms in Central Bank Digital Currency Law (2025) · cites this paper as Zatti, 2022, pp. 253-265
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From Legal Tender to Prohibition: Competing Paradigms in Central Bank Digital Currency Law
Zatti, F. (2025) · Strani pravni život · doi:10.56461/spz_25402kj
Self-citation
- Authors
- Zatti, F.
- Affiliations
- University of Florence (IT)
- Corresponding author
- Zatti, Filippo
- ORCID
- Zatti, Filippo
- Venue
- Law and Financial Markets Review
- Publisher
- Informa UK Limited
- Published
- 2022-07-03
- Volume
- 16
- Issue
- 3
- Pages
- 253-265
- ISSN
- 1752-1440 (ISSN-L)
- 1752-1459
- OpenAlex
- W4388420693
- Cited by
- 1
- References
- 0
- Citations by year
- 2025: 1
- FWCI
- 0.35
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Law and Financial Markets Review (publishedVersion)
- Florence Research (University of Florence) (submittedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Digital Transformation in Law
- Social Sciences › Business, Management and Accounting › Management Information Systems › FinTech, Crowdfunding, Digital Finance
- Physical Sciences › Computer Science › Information Systems › Blockchain Technology Applications and Security
- Keywords
- central bank digital currency, cryptocurrency, stablecoins, monetary sovereignty, legal tender, economic law
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