Digital currencies and the new age in payments

New digital means of payment be it cryptocurrencies or asset-backed stable-coins like Libra and the merger between means of payment and investments have brought new challenges to our understanding of money in the 4th Industrial Revolution. This seminar by Professor Emilios Avgouleas from the University of Edinburgh will discuss the business advantages of the new means of payment and the  obstacles to their classification as electronic money in common law and by Statute. It will thus also highlight the limits of private monetary innovation and the importance of use embedded in market structure (payment systems). The presentation concludes by explaining how some of these legal and economic obstacles can be overcome creating a true new era in money and payments!  The talk will be followed by a Q&A session.

Speaker:

Professor Emilios Avgouleas is a Member of the European Securities and Markets Group (the Stakeholder Group of the European Securities and Markets Authority (ESMA)) elected in the so-called 'top-ranking' academics section. Before joining ESMA in July 2020 he was for 5 years a member of the Banking Stakeholder Group of the European Banking Authority (EBA) also elected in the so-called 'top-ranking' academics section.