The Role of Law in Shaping Digital Currencies: Exploring the Impact of Central Bank Digital Currencies on Economic Security

Résumé

The rapid evolution of digital currencies, particularly Central Bank Digital Currencies (CBDCs), has prompted significant legal and economic discourse regarding their implications for economic security. This paper investigates the role of law in shaping the development and implementation of CBDCs, focusing on their potential to influence monetary policy, financial stability, and regulatory frameworks. By analyzing the legal frameworks governing CBDCs across various jurisdictions, this study highlights the challenges and opportunities posed by these digital assets. It argues that robust legal frameworks are essential for mitigating risks associated with the digitalization of currency, including cybersecurity threats, fraud, and the erosion of privacy. Moreover, the paper examines the interplay between CBDCs and existing financial systems, emphasizing how legal structures can either facilitate or hinder the integration of digital currencies into the broader economy. Through a comparative analysis of case studies from countries at the forefront of CBDC implementation, this research elucidates best practices in legal regulation that can enhance economic security while fostering innovation. The findings underscore the necessity for international cooperation and harmonization of legal standards to address the cross-border nature of digital currencies. Ultimately, this paper contributes to the discourse on the legal dimensions of digital currencies, providing insights into how law can effectively support the secure and sustainable growth of CBDCs within the global economic landscape.