Abstract
Even if a CBDC issued by an advanced economy adds little to that economy’s domestic financial and payment system, it can be of great value to non-domestic users, especially to the oppressed people living in autocracies. Designing a CBDC for these oppressed people requires new thinking. In particular, AML loopholes need to be created deliberately. They need to be small enough so that criminals cannot exploit, yet big enough for the oppressed people to use the system anonymously. This article explains how this can be done.
| Original language | English |
|---|---|
| Pages (from-to) | 193-205 |
| Number of pages | 13 |
| Journal | Asian Journal of Law and Economics |
| Volume | 16 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - 20 Aug 2025 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 8 Decent Work and Economic Growth
User-Defined Keywords
- AML loopholes
- autocracy
- CBDC
- cryptocurrencies
- payment systems
- stablecoins
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