Exploring CBDC and Payment System Interoperability: Legal Perspectives and Implications
The emergence of Central Bank Digital Currencies (CBDCs) is transforming the global financial landscape, challenging traditional notions of monetary sovereignty and efficiency. Achieving payment system interoperability among CBDCs presents both significant opportunities and complex legal considerations essential to safeguarding legality and security in cross-border transactions. Understanding CBDC and Payment System Interoperability: Foundations and Significance Central…