ISSN 2712-7834

Social Novelties & Social Sciences
A view from Moscow

Central Bank Digital Currencies: Principles, Potential and Challenges

Social Novelties and Social Sciences № 1(2) 2022
DOI 10.31249/snsneng/2022.01.04
Semeko G.V. Central Bank Digital Currencies: Principles, Potential and Challenges / English transl. by Nikulichev M.Y. // Social Novelties and Social Sciences. – Moscow : INION RAN, 2022. – N 1. – P. 49–62.

Abstract:

The article discusses a new digital form of money intended for use as legal tender. The prerequisites for the digitalization of money and the concept of the Central Bank digital currency are discussed. Digital currency is considered in terms of the payment efficiency, ensuring liquidity and financial stability. It is noted that at present most countries are exploring the possibility of issuing a central bank digital currency, developing its concept or have already begun to implement pilot projects.

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