Publication Type

Journal Article

Version

publishedVersion

Publication Date

6-2018

Abstract

This study looks at the impact of a national cryptocurrency on the payment landscape in the midst of the rise of globalpublic cryptocurrencies and interest from central banks in a possible national cryptocurrency. The impacts are analysed for consumers, merchants, banks,payment providers, international money transfer operators and central banks.The study analyses the pros and cons for each player with an overall impactranking. There is a particular emphasis on central banks as they hold key regulatory oversight for economic and financial matters affecting a country.Whilst finding that there is an overall benefit, there are also significant risks. A sandbox approach is proposed for specifically mitigating some of the risks of introducing a national cryptocurrency.

Keywords

cryptocurrency, payment, central banks, regulatory, sandbox, risks

Discipline

Databases and Information Systems | Finance and Financial Management

Research Areas

Information Systems and Management

Publication

Global Policy

First Page

1

Last Page

18

ISSN

1758-5880

Publisher

Wiley

Copyright Owner and License

Authors

Additional URL

https://www.globalpolicyjournal.com/sites/default/files/pdf/Ng and Griffin - The Wider Impact of a National Cryptocurrency.pdf

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