Central bank digital currency: economic and legal aspects - a vision for Vietnam
Central bank digital currency (CBDC) is a new issue of interest of most central banks and economists and lawmakers in the world. In short, CBDC is a generic term for a version of currency that could use an electronic record or digital token to represent the digital form of a nation’s currency. CBDC is issued and managed directly by the central bank and could be circulated like a traditional currency. This article discusses CBDC’s economic and legal aspects, including CBDC technologies, its advantages and downsides and possible legal reforms for issuance of CBDC.