Digital Currency: Prerequisites, Benefits and Risks

Nadezhda Savelyeva, Tatyana Timkina

2021

Abstract

The article deals with a new vector of developing monetary circulation based on the issuance of digital currency by the Central Bank. Taking into account the digital changes in business, transactions, commodity and money exchange, the financial system is undergoing changes, there is a need to digitize cash to increase efficiency - the speed of operations and minimize the costs of cross-border transfers. The global trend at CBDC has both benefits and risks for the economy. Based on the analysis of development trends, the authors have defined the advantages and disadvantages of introducing digital currency into the use by all households

Paper Citation

in Harvard Style

Savelyeva N. and Timkina T. (2021). Digital Currency: Prerequisites, Benefits and Risks. In Proceedings of the International Scientific-Practical Conference "Ensuring the Stability and Security of Socio-Economic Systems: Overcoming the Threats of the Crisis Space" - Volume 1: SES, ISBN 978-989-758-546-3, pages 99-103. DOI: 10.5220/0010693400003169

in Bibtex Style

@conference{ses21,
author={Nadezhda Savelyeva and Tatyana Timkina},
title={Digital Currency: Prerequisites, Benefits and Risks},
booktitle={Proceedings of the International Scientific-Practical Conference "Ensuring the Stability and Security of Socio-Economic Systems: Overcoming the Threats of the Crisis Space" - Volume 1: SES,},
year={2021},
pages={99-103},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010693400003169},
isbn={978-989-758-546-3},
}

in EndNote Style

TY - CONF

JO - Proceedings of the International Scientific-Practical Conference "Ensuring the Stability and Security of Socio-Economic Systems: Overcoming the Threats of the Crisis Space" - Volume 1: SES,
TI - Digital Currency: Prerequisites, Benefits and Risks
SN - 978-989-758-546-3
AU - Savelyeva N.
AU - Timkina T.
PY - 2021
SP - 99
EP - 103
DO - 10.5220/0010693400003169