Central Bank Digital Currencies - Reverviews and Implications for Vietnam

  • Le Van Hinh https://hvnh.edu.vn/tapchi/vi/thang-6-21/le-van-hinh-nguyen-tuong-van-tien-ky-thuat-so-cua-ngan-hang-trung-uong-quan-diem-va-goi-y-cho-viet-nam-510.html
  • Nguyen Tuong Van https://hvnh.edu.vn/tapchi/vi/thang-6-21/le-van-hinh-nguyen-tuong-van-tien-ky-thuat-so-cua-ngan-hang-trung-uong-quan-diem-va-goi-y-cho-viet-nam-510.html
Keywords: Central bank digital currency (CBDC), Crypto currency; Digital currency, Distributed ledger technology (DLT)

Abstract

The current article reviews the studies of central banks’ behavior and actions towards central bank digital currencies (CBDCs). The results of the review show that central banks have engaged on three different levels of advancement towards CBDCs (Early Adopters, Followers, and New Entrants). The literature review shows that the introduction of CBDCs is inevitable to help central banks compete against the private sector in issuing digital currencies while maintaining traditional functionality.

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Published
2021-07-15
Issue
No. 229 (2021)
Section
Bài viết