FinTech: financial and monetary stability
Central banks seek to adapt to the new scenario with security
Since cryptocurrencies appeared, the central banks analyzes the priorities and main concerns of the world system. The scenario demands new work methodologies based on digital platforms for the ICO currencies offer, tools for the detection of anticompetitive behaviors, the understanding of the cryptographic identities as well as the potential elimination of the physical structures and the telecommunications boom for each transaction.
These and other concepts have led supervisors and regulators of central banks in every continent, but especially in Europe, to work towards a regulatory framework that provides clarity, security and settles the ground for a future projection of monetary and financial developments.
Institutions analyze the scenario to find the tools that make it possible to understand the change that occurs and that affects both the identity and function of central banks and the risks that arise from the crypto-universe, digital transactions, the absence of intermediaries and the need to continue providing monetary stability to their clients.
M.Pino
Source: Cemla.org
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