“Central Bank Digital Currencies – Revolution or Threat?”


Developing Green Finance in China

Digital technologies are increasingly influencing the development of green finance in China. The report emphasizes the need to design the digital yuan (CBDC) in an environmentally friendly manner and to minimize energy consumption by the CBDC infrastructure. Furthermore, it is crucial for the design of the CBDC to support future payment and settlement systems, aiming to achieve optimal energy efficiency.

Benefits of Central Bank Digital Currency (CBDC) in India

Introducing the Central Bank Digital Currency (CBDC) in the Indian economy will bring a range of benefits. CBDC will streamline processes and support automation, contributing to transaction efficiency. Moreover, it is best to utilize CBDC wholesale for both domestic and cross-border payments. Implementing CBDC will make economic issues, such as credit actions, more profitable for financial institutions.

European Central Bank (ECB) and Digital Euro

In the context of academic debate, the European Central Bank (ECB) is considering the introduction of the digital euro, sparking significant discussion among the academic community. The document regarding the digital euro project has become the subject of numerous analyses and interpretations, with its impact and consequences piquing the interest of researchers and experts worldwide.

Digital Euro and the Banking Sector

A study conducted by expert E. Hadžić focuses on analyzing the threats and benefits associated with the introduction of Central Bank Digital Currency (CBDC) and its impact on the banking sector. It is crucial to legally ground the ECB for issuing CBDC and to understand the implications of introducing the digital euro on the functioning of the banking system.

CBDC and the Future of Cash

There is a possibility that Central Bank Digital Currency (CBDC) will become a substitute for cash for all domestic users. CBDC may be available to individual users as a retail solution and to financial institutions in a wholesale form, increasing the efficiency of the financial market. An example is the Bahamian Sand Dollar, introduced in October 2020, which is currently fully operational.

China Leading the Way in CBDC

China is recognized as a pioneer in testing and implementing the digital yuan and other Central Bank Digital Currencies (CBDC). Their commitment and innovation make China play a key role in shaping the future of digital finance worldwide.

New Concept: Central Bank Digital Currency (CBDC)

CBDC, emerging as a new industry concept, is gaining increasing importance in the global economic discourse. The development of CBDC is subject to strict regulations, such as the Federal Law on Digital Financial Assets, aimed at regulating the issuance of digital central bank currencies and adapting to the changing world of digital finance.