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The book examines the European Central Bank's (ECB) response to cryptocurrencies, highlighting challenges and opportunities they present. It discusses the revolutionary aspects of blockchain technology and cryptocurrencies like Bitcoin, which offer an alternative to state-backed currencies by enabling anonymous global transactions. The text explores legal and financial implications for central banks, focusing on the ECB's mandate to maintain price stability, regulate payment systems, and ensure financial sector stability. It assesses the potential impact of cryptocurrencies on these functions and considers the role of central banks in possibly issuing their own digital currencies. The book targets legal professionals, economists, and policymakers interested in the intersection of law, finance, and emerging technologies.
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