Do central bank digital currencies (CBDC) protect the consumer or are they a mirage?
Fecha
2023Versión
Acceso abierto / Sarbide irekia
Tipo
Capítulo de libro / Liburuen kapitulua
Versión
Versión publicada / Argitaratu den bertsioa
Impacto
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nodoi-noplumx
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Resumen
Consumers are using cash less and less, and the use of private money, through companies such as Visa, Mastercard or Paypal, is increasing considerably. On the one hand, cryptocurrencies, such as bitcoin, were created in 2008, and on the other hand, private digital currencies backed by large technology companies are coming onto the market. And right now, feasibility projects for digital currencies ...
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Consumers are using cash less and less, and the use of private money, through companies such as Visa, Mastercard or Paypal, is increasing considerably. On the one hand, cryptocurrencies, such as bitcoin, were created in 2008, and on the other hand, private digital currencies backed by large technology companies are coming onto the market. And right now, feasibility projects for digital currencies are being studied by central banks. Indeed, consumers seem not to distinguish between private and public digital currencies, while giving up their privacy, despite the adoption of the European Data Protection Regulation in Europe.
Do CBDCs protect the consumer or are they a mirage? Can these digital currencies, with their centralization, represent a monopoly? Is controlling money a way of controlling the market, and suppressing the freedom of the individual? This article aims to answer these questions. [--]
Materias
CBDC,
Centralization,
Consumer,
Monopoly,
Bitcoin,
GDPR
Editor
Publications Office of the European Union
Publicado en
Santaolalla-Montoya, C. (Dir.) Consumer protection in the European Union: challenges and opportunities. Luxemburg: Publications Office of the European Union; 2023. p.199-211 978-92-76-61984-0
Departamento
Universidad Pública de Navarra. Departamento de Derecho /
Nafarroako Unibertsitate Publikoa. Zuzenbidea Saila