![]() Geopolitical implications, given the level of uptake expected. It also comes dangerouslyĬurrency with profound socio-economic and Sovereign nations to a multinational corporation. If Facebook’s digital currency goes ahead, it would amount to aįundamental redistribution of authority and control of global Nations to control their own monetary systems. New global digital currency, it is potentially defying the sovereignty Technical change on their own terms throughĭigital currencies (‘CBDCs’). It was announced that Facebook was launching its ownĭevelopment, there is now more reason than ever for nation states to manage On 18 June 2019, social media giant Facebook struck a momentous blow in theĬontemporary arms race between governments and the privateĬontrol of digital money. 3 What Are the Implications for CBDCs and Financial Sovereignty?ĬENTRAL BANK DIGITAL CURRENCIES: DEFINITIONS, REGULATORYĬHALLENGES AND LESSONS LEARNED FROM DIGITAL CURRENCY LAW.2 What Are the Implications for CBDCs and Financial Integrity?.1 What Has Been the Response of International Agenda-setting Institutions to Private Sector Digital Currencies?.C There Needs to Be a Collaborative International Response to Private Sector Digital Currencies.3 What Are the Implications For Public International Law?.2 What Are the Implications for Taxation Law?.1 What Are the Implications of a New Digital Legal Tender?.B There Needs to be Domestic and International Clarity on Their Legality.3 How Might These Approaches Be Applied to CBDCs?.(a) Unregulated or Low-level Regulation.2 What Are The Current Regulatory Approaches?.1 What Is the Cultural Value Of Privacy In Private Sector Digital Currencies?.A There Needs To Be A Balance Between Privacy And Disclosure.V WHAT LESSONS CAN BE LEARNED FROM DIGITAL CURRENCY LAW OVER THE LAST DECADE?.IV WHAT ARE THE CHALLENGES OF CBDC REGULATION?.Děanking and Payment Services Industry.III WHO ARE THE KEY STAKEHOLDERS AFFECTED BY CBDCS AND THEIR REGULATION?. ![]() University of New South Wales Law Journal Student Series > | Feedback University of New South Wales Law Journal Student Series Hook, Alexander - "Central Bank Digital Currencies: Definitions, Regulatory Challenges And Lessons Learned From Digital Currency Law" UNSWLawJlStuS 3 (2020) UNSWLJ Student Series No 20-03
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