000			02778nam a2200301Ia 4500
001			3389
008			230305s2021 xx 000 0 und d
020			_a9781788214209
040			_cTBS
041			_aeng
043			_aen_UK
245		0	_aCryptocurrencies
260			_aNewcastle upon Tyne _bAgenda Publishing, _c2021
300			_axii, 228 pages : illustrations ; 24 cm.
500			_aMoney, Trust and Regulation
505			_aIntroduction: Bitcoin beginnings — New cryptocurrencies and new developments — Stablecoins: the search for stability — Initial coin offerings: the 'Wild West' — The regulatory response to ICOs — Global stablecoins: Libra — Reactions to stablecoins — Central banks and central bank digital currencies — The decline of cash — Credit and trust — Appendix: smart contracts.
520			_aOonagh McDonald examines the challenges, opportunities and threats that cryptocurrencies pose to cash and to existing fiat currencies and their potential to change how global finance operates. The advent of new digital currencies has challenged our notions about money, its function and purpose, and our faith in the financial and banking structures that underpin its legitimacy. Oonagh McDonald examines the challenges, opportunities and threats that cryptocurrencies pose to existing fiat currencies and their potential to change how global finance operates. From Bitcoin to Facebook's Diem, the book charts the spectacular rise of cryptocurrencies over the past decade alongside the much slower regulatory response. It assesses the potential of the technology underpinning new digital currencies - blockchain, digital tokens and smart contracts - to evade existing regulatory frameworks and considers the need for more robust protection from fraudulent initial coin offerings, scams and hacks. The book examines the motivations of central banks as they begin to explore opportunities for an alternative global digital currency, and what this might mean for the supremacy of the dollar and other fiat currencies. The future of cash is also considered. Throughout her analysis, McDonald shows that trust is fundamental to the operation of finance and that this will ultimately protect commercial bank money from the threat of new digital currencies. The book offers readers an insightful appraisal of the future of money and the challenges facing regulatory bodies.
650			_aVirtual currency _913956
650			_aElectronic money _913957
650			_aFinancial market regulation _913958
650			_aTrust _913959
650			_aWorld _913960
650			_aCryptocurrencies _913961
650		0	_aFinance _93911
700			_aMcDonald, Oonagh _eAutor _913962
942			_a1 _2lcc
999			_c3224 _d3224