Private Law Aspects of Token-Based Central Bank Digital Currencies
March 14, 2025
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In designing central bank digital currencies (CBDCs), it is imperative that central banks carefully consider its legal foundations. As with any form of money, CBDCs require a solid basis under public and private law to provide it with the necessary legal certainty and political support that will underpin its wide circulation. This Fintech Note examines the private law aspects of token-based CBDC primarily intended for retail use. It follows a previous IMF working paper that examines the legal foundations of CBDC under central bank law and its treatment under monetary law—the main public law aspects of CBDC.
Subject: Central Bank digital currencies, Commercial banks, Currencies, Financial institutions, Money, Securities, Technology
Keywords: CBDC holder, Central Bank Digital Currencies, Commercial banks, Currencies, Financial Intermediaries, Global, IMF Fintech Note 2025/003, IMF Library, Legal Framework, Ownership Rights, Private Law, private law aspect, Securities, Token-Based CBDC, TokenBased central bank digital currencies, Transfer Mechanisms
Pages:
51
Volume:
2025
DOI:
Issue:
003
Series:
Fintech Notes No 2025/003
Stock No:
FTNEA2025003
ISBN:
9798229004282
ISSN:
2664-5912
