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Fintech and Money

In: FinTech Regulation

Author

Listed:
  • Valerio Lemma

    (Marconi University)

Abstract

This chapter shows the impact of the evolution of financial technology on the market for money, in order to understand the effect of fintech on monetary policymaking; it considers the development of private tech-fuelled instruments as an alternative to sovereign money (i.e. non-sovereign cryptocurrencies) and specific regulatory analysis of the current tolerance of non-sovereign cryptocurrencies by national governments and central banks. It moves from the hypothesis that the protection of savings invested in such cryptocurrencies refers to individual rights; therefore, the analysis investigates the convenience to set specific safeguards to guarantee the capacity of these instruments to preserve their value, along with further backstops for avoiding theft, plagiarism and fraud.

Suggested Citation

  • Valerio Lemma, 2020. "Fintech and Money," Springer Books, in: FinTech Regulation, chapter 0, pages 363-445, Springer.
  • Handle: RePEc:spr:sprchp:978-3-030-42347-6_7
    DOI: 10.1007/978-3-030-42347-6_7
    as

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