A CBDC legal framework comprises the comprehensive set of laws, regulations, and judicial guidelines that govern a central bank digital currency. This framework defines its legal status, operational parameters, and the rights and obligations of its users and issuers. It establishes the foundational legal structure for a nation’s digital fiat money.
Context
The establishment of a robust CBDC legal framework is a primary focus for central banks and governments globally. This framework addresses critical aspects such as user privacy, data governance, anti-money laundering measures, and the legal tender status of the digital currency. Debates surrounding its design significantly shape public discourse and news reports on national digital currency initiatives.
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