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The Rise of Digital Currencies: Challenges for Commercial Banks and New Opportunities for Financial Stability
- 1 International Business School,NANHANG JINCHENG College,Nanjing,China
* Author to whom correspondence should be addressed.
Abstract
In the context of the digital transformation of the global economy, digital currency, as a product of financial technology innovation, is gradually changing the traditional financial ecology, especially posing new challenges and opportunities to the operation mode and financial stability of commercial banks. This study systematically comprehends the current status of domestic and international research on the impact of digital currencies on commercial banks by means of a literature review and adopts the case study method and the case analysis method, and clarifies the specific points of influence of the development of digital currencies on the business structure of commercial banks. It reveals the dual influence of digital currency on the business structure and financial stability of commercial banks, and moreover puts forward targeted coping strategies, which are of great theoretical and practical significance for commercial banks to grasp the opportunities and cope with the challenges of digital currency development.
Keywords
digital currency, central bank digital currency, commercial banks, block chain
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Cite this article
Li,Q. (2025). The Rise of Digital Currencies: Challenges for Commercial Banks and New Opportunities for Financial Stability. Advances in Economics, Management and Political Sciences,155,164-170.
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Volume title: Proceedings of the 3rd International Conference on Financial Technology and Business Analysis
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