Pregled bibliografske jedinice broj: 1151276
Privately Issued Digital Currencies: Assess- ing EU’s “Two-Pronged” Policy Response to Main Financial Safety Concerns
Privately Issued Digital Currencies: Assess- ing EU’s “Two-Pronged” Policy Response to Main Financial Safety Concerns // Boosting European Security Law and Policy / Ventura, Marco ; Palmieri, Alessandro ; Pavoni, Riccardo ; Milani, Giammaria (ur.).
Napulj: Edizioni Scientifiche Italiane, 2021. str. 361-379
CROSBI ID: 1151276 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
Privately Issued Digital Currencies: Assess-
ing EU’s “Two-Pronged” Policy Response to Main Financial Safety Concerns
Autori
Božina Beroš, Marta
Vrsta, podvrsta i kategorija rada
Poglavlja u knjigama, znanstveni
Knjiga
Boosting European Security Law and Policy
Urednik/ci
Ventura, Marco ; Palmieri, Alessandro ; Pavoni, Riccardo ; Milani, Giammaria
Izdavač
Edizioni Scientifiche Italiane
Grad
Napulj
Godina
2021
Raspon stranica
361-379
ISBN
978-88-495-4587-6
Ključne riječi
PIDCs ; anonymity ; money laundering ; central bank digital currency
Sažetak
This chapter examines financial safety concerns that stem from one of the main weaknesses associated with privately issued digital monies – anonymity. As a technology-driven financial innovation, privately issued digital currencies (PIDCs) show benefits that are potentially translatable to EU payments, yet anonymity makes them particularly suitable for various wrongful activities in finance, chief among them moneylaundering. In this respect, PIDCs’ growing transactional appeal as well as events of risk-materialization pressure EU authorities to fully utilize their mandates and work in synergy toward a coherent policy response that will allow technological appropriation in a prudentially sound manner. By focusing on EU regulatory (5 th AML Directive) and monetary response (ECB’s EuroChain initiative) to anonymity, this paper critically examines EU’s “two-pronged” approach to PIDCs, pointing to further policy refinements.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija, Pravo
