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Regulating Digital Currencies: Ensuring an Efficient and Competitive Payment Market

BY | June 27, 2024

There is consensus that promoting competition and innovation is a foundational principle in regulating Central Bank Digital Currencies (“CBDCs”). Competition with existing means of payment (“inter-system competition”) should always be…

There is consensus that promoting competition and innovation is a foundational principle in regulating Central Bank Digital Currencies (“CBDCs”). Competition with existing means of payment (“inter-system competition”) should always be preserved, allowing private payment players to innovate and thrive alongside CBDCs. Additionally, competition within each CBDC ecosystem (“intra-system competition”) should be ensured, enabling private players distributing CBDCs to innovate and provide

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