Digital Currencies and Central Banks: An Analysis from a National Economic Security Perspective
Keywords:
Digital currencies, cryptocurrency, CBDC, blockchain, financial system, decentralized governance, Ethereum, Bitcoin, digital economy, regulation, financial stability, Uzbekistan, global financial integrationAbstract
In recent years, the rapid development of digital technologies has brought
about fundamental changes in the global financial system. In particular, digital currencies —
central bank digital currencies (CBDCs) and decentralized cryptocurrencies (Bitcoin, Ethereum)
— have become the focus of financial innovation. This article analyzes the types of digital
currencies, their technological foundations (blockchain, PoW, PoS), their role in financial
integration, their impact on the traditional banking system, and their risks to stability. It also
compares the approaches of countries such as the United States, China, the European Union, and
Uzbekistan to the adoption and regulation of digital currencies. It is emphasized that the
development of digital currencies is a pressing issue that requires strategic decisions for
regulators, including global financial competition and sovereignty, the efficiency of payment
systems, and global financial integration.
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