Innovations and Regulatory Challenges of Blockchain in International Payment Systems

作者：Min Liangliang

院校：Hubei Polytechnic University, China

摘要：This paper delves into the transformative potential of blockchain technology within the realm of international payments. It outlines the evolution of blockchain from its inception to its current status as a catalyst for financial innovation. The study scrutinizes the existing regulatory frameworks and the challenges they face in adapting to the decentralized and transparent nature of blockchain payments. It also explores the role of Regulatory Technology (RegTech) in enhancing compliance efficiency and the importance of international cooperation in shaping a cohesive regulatory approach. The paper provides policy recommendations and suggests directions for improving regulatory frameworks to accommodate the burgeoning blockchain applications in payments. Furthermore, it contemplates the long-term impacts of blockchain on international payment systems, including disintermediation, security, financial inclusion, and the emergence of new risk paradigms.

关键词

Blockchain technology; International payments; Regulatory challenges; Regulatory Technology (RegTech); Crossborder transactions; Digital currencies; Financial innovation

全文

PDF

参考

References

[1] Smith, J. (2020). The Impact of Blockchain on International Payment Systems. Journal of Financial Technology, 12(4), 50-60.

[2] Johnson, A. (2019). Regulatory Challenges in the Age of Blockchain. Regulatory Affairs Journal, 20(2), 15-25.

[3] Lee, M., & Kim, Y. (2021). Blockchain-based Cross-Border Payment Solutions. International Journal of, 14(1), 88-97.

[4] Patel, N. (2022). The Future of Financial Regulation: Embracing RegTech. Global Compliance Review, 18(3), 45-54.

[5] International Monetary Fund. (2020). Digital Currency and International Payments. IMF Discussion Notes, 2020(1), 10-20.

[6] Financial Action Task Force (FATF). (2019). Guidance for a Risk-Based Approach to Virtual Assets and Virtual Asset Service Providers. Paris: FATF.

[7] European Central Bank. (2021). Central Bank Digital Currencies: A Global Perspective. Frankfurt: ECB.

上一个：The Influence of E-commerce Platform Algorithms on Consumer Behavior Dynamics

下一个：Balancing Personalized Marketing with Consumer Privacy in the Era of Big Data

返回列表

用科学铸就未来，用阅读滋养人生

+65 6396 6190

英文期刊

Innovations and Regulatory Challenges of Blockchain in International Payment Systems

关键词

全文

参考

联系我们