Payment Sovereignty describes an individual’s or entity’s autonomous control over their financial transactions, independent of intermediary institutions, governmental oversight, or centralized authorities. In the digital asset domain, this principle is actualized through self-custodial wallets and censorship-resistant blockchain networks. It grants users direct dominion over their funds and transactional choices. The objective is to provide financial self-determination.
Context
The concept of Payment Sovereignty is a foundational tenet of many cryptocurrency protocols, challenging traditional financial systems. A key discussion involves the balance between individual financial autonomy and the regulatory requirements for anti-money laundering and counter-terrorism financing. Future debates will likely center on the practical implementation of privacy-enhancing technologies while maintaining a degree of accountability. This pursuit of self-directed financial control continues to shape the development of decentralized payment systems.
A consortium of nine major European banks is launching a MiCAR-compliant euro stablecoin to enable near-instant, programmable cross-border payment and supply chain finance settlement.
This initiative establishes a multi-bank euro stablecoin under MiCAR, optimizing cross-border payments and supply chain finance with enhanced settlement efficiency.
We use cookies to personalize content and marketing, and to analyze our traffic. This helps us maintain the quality of our free resources. manage your preferences below.
Detailed Cookie Preferences
This helps support our free resources through personalized marketing efforts and promotions.
Analytics cookies help us understand how visitors interact with our website, improving user experience and website performance.
Personalization cookies enable us to customize the content and features of our site based on your interactions, offering a more tailored experience.
