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The Challenge and Opportunity of Digital Currency Development to International Financial Stability

In: Proceedings of the 2023 International Conference on Finance, Trade and Business Management (FTBM 2023)

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  • Xinhao Zheng

    (Beijing Police College)

Abstract

With the rapid rise of digital currencies, the international financial system is facing unprecedented challenges and opportunities. This article aims to explore the impact of digital currency development on international financial stability, deeply analyze the multifaceted challenges brought by digital currency, and emphasize the opportunities brought by digital currency in financial innovation, financial inclusiveness, and payment efficiency. Firstly, the challenges brought by digital currency to international financial stability were explored from the perspectives of law and regulation, as well as monetary policy and economy. Secondly, the opportunities brought by digital currency were explored from the perspectives of financial innovation and inclusivity, payment efficiency and cost reduction, as well as financial data and analysis opportunities.

Suggested Citation

  • Xinhao Zheng, 2023. "The Challenge and Opportunity of Digital Currency Development to International Financial Stability," Advances in Economics, Business and Management Research, in: Amalendu Bhunia & Rubi Binti Ahmad & Yifeng Zhu (ed.), Proceedings of the 2023 International Conference on Finance, Trade and Business Management (FTBM 2023), pages 150-156, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-298-9_16
    DOI: 10.2991/978-94-6463-298-9_16
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