Virtual Currencies and Beyond PDF
By:Mr. Vikram Haksar
Published on 2016-01-20 by International Monetary Fund
New technologies are driving transformational changes in the global financial system. Virtual currencies (VCs) and the underlying distributed ledger systems are among these. VCs offer many potential benefits, but also considerable risks. VCs could raise efficiency and in the long run strengthen financial inclusion. At the same time, VCs could be potential vehicles for money laundering, terrorist financing, tax evasion and fraud. While risks to the conduct of monetary policy seem less likely to arise at this stage given the very small scale of VCs, risks to financial stability may eventually emerge as the new technologies become more widely used. National authorities have begun to address these challenges and will need to calibrate regulation in a manner that appropriately addresses the risks without stifling innovation. As experience is gained, international standards and best practices could be considered to provide guidance on the most appropriate regulatory responses in different fields, thereby promoting harmonization and cooperation across jurisdictions.
This Book was ranked at 12 by Google Books for keyword Digital Currencies.
Book ID of Virtual Currencies and Beyond's Books is ttt_CwAAQBAJ, Book which was written byMr. Vikram Haksarhave ETAG "88SZq+MZYXE"
Book which was published by International Monetary Fund since 2016-01-20 have ISBNs, ISBN 13 Code is 9781513552972 and ISBN 10 Code is 151355297X
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Book which have "43 Pages" is Printed at BOOK under CategoryBusiness and Economics
Book was written in en
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