Document Type
Chapter of Book
Publication Date
2021
Abstract
This chapter examines the legal issues surrounding a ‘retail’ central bank digital currency (CBDC) – one that is used by consumers on a day- to- day basis as an alternative to cash. Most discussions about CBDC focus on its purported benefits and initial design questions. Little is written about how existing laws and regulations will extend to CBDCs or what new regulations will have to be implemented. This chapter engages in that analysis.
Citation
Steven L. Schwarcz, Central Bank Digital Currencies and Law, in The (Near) Future of Central Bank Digital Currencies: Risks and Opportunities for the Global Economy and Society 99-112 (Nicola Bilotta & Fabrizio Botti eds., 2021)
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.
Library of Congress Subject Headings
Digital currency--Law and legislation, Central bank digital currencies--Law and legislation, Central banks and banking
Included in
DOI: https://doi.org/10.3726/b18087
Available at: https://scholarship.law.duke.edu/faculty_scholarship/4573