@ARTICLE{10.21494/ISTE.OP.2023.0910, 

TITLE={When crypto-currencies compete with the sovereign currency}, 
  
AUTHOR={Abdellah Belmadani, }, 
	
JOURNAL={Technology and Innovation}, 
	
VOLUME={8}, 

NUMBER={Issue 1}, 
	
YEAR={2023}, 

URL={https://www.openscience.fr/When-crypto-currencies-compete-with-the-sovereign-currency}, 
	
DOI={10.21494/ISTE.OP.2023.0910}, 
	
ISSN={2399-8571}, 
	
ABSTRACT={Over the course of this decade, an unprecedented phenomenon has marked monetary history and will undoubtedly affect the future of payment systems. We speak of course of virtual currencies whose exchange platforms are disintermediated and unregulated, juxtaposing current payment systems. Their advent took monetary authorities from around the world by surprise and have raised fundamental questions on: the future trajectory of conventional currencies, the relevance of the role of central banks and the fate of financial stability. These issues are legitimate in a context of uncertainty caused by this irreversible movement of technological and financial innovations from private groups. Major events await regulatory authorities. Should they admit the risks and possible impacts that may be generated by decentralized and unregulated payment systems, or should they continue to harden their position regarding these private virtual currencies?}}