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Digital Currency in the Context of the Czech Financial System: Legal and Regulatory Challenges for a Two-Tier Banking System Cover

Digital Currency in the Context of the Czech Financial System: Legal and Regulatory Challenges for a Two-Tier Banking System

Open Access
|Oct 2025

Abstract

Central bank digital currencies are a topic that is currently receiving increasing attention. It is a type of money that brings significant innovations to the financial system. Because of the development of cryptoassets and their alternatives, states are also considering the possible introduction of digital currencies into their legal systems. However, the very definition of digital currency by central banks and the variety of different types of currency are challenges to its introduction. In addition, many jurisdictions do not currently allow for the introduction of these digital currencies and require some revision. Th is article aims to assess the Czech legal framework around the possibility of introducing central bank digital currencies in the Czech Republic. The authors also address the legislative challenges associated with implementing central bank digital currencies in general and specifically concerning the Czech Republic. The stated objective is achieved through scholarly methods of primary and secondary data analysis, followed by a comparison of starting points in different countries.

DOI: https://doi.org/10.15290/bsp.2025.30.03.09 | Journal eISSN: 2719-9452 | Journal ISSN: 1689-7404
Language: English, Polish
Page range: 139 - 154
Submitted on: Jan 29, 2025
Accepted on: Apr 29, 2025
Published on: Oct 6, 2025
Published by: University of Białystok
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2025 Michal Kozieł, Martin Cahlík, Michael Kohajda, Simona Kurtinová, published by University of Białystok
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.