The Digital Leu Challenges and Possible Areas of Implementation

Abstract

The potential implementation of the digital currency issued by central banks (CBDC) in the economy raises a number of challenges, including the idea of decentralization and the loss of the central bank's ability to effectively monitor the payments market and the fear that CBDC could exclude traditional payment solutions. Finding the balance in implementing CBDC-based payment solutions, integrating traditional payment ensuring that all stakeholders benefit from incentives so that they are interested in being involved in the process of distribution, use and processing of CBDC, while increasing financial inclusion and creating a competitive market for private sector payment solutions instruments is the new challenge for regulators. This paper addresses current limitations in implementing a CBDC-based payment solution, the potential risks of using CBDC, reducing the exclusion of traditional payment players and what this type of currency needs to ensure so that the implementation adopted by the users on a large scale.

Keywords

• digital currency issued by central banks (cbdc)
• settlement
• clearing system
• risks
• financial stability