Global Journal of Human Social Science, E: Economics, Volume 23 Issue 2

© 2023. Milton Barossi Filho & Rachel Sztajn. This research/review article is distributed under the terms of the Attribution- NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0). You must give appropriate credit to authors and reference this article if parts of the article are reproduced in any manner. Applicable licensing terms are at https://creativecommons.org/ licenses/by-nc-nd/4.0/. Global Journal of HUMAN-SOCIAL SCIENCE: E Economics Volume 23 Issue 2 Version 1.0 Year 2023 Type: Double Blind Peer Reviewed International Research Journal Publisher: Global Journals Online ISSN: 2249-460x & Print ISSN: 0975-587X Issue of Virtual Currency by the Central Bank: Monetary Policy and Legal-Economic Aspects in Recent Experience By Milton Barossi Filho & Rachel Sztajn Abstract- Indeed, central bank digital currency issues is a no return way. International experiences on assessing this possibility have been increasing, mainly on designing devices for future purposes and also demonstrate deep concern with this issue. Based on macroeconomic models, this paper aims to discuss how central bank digital currency issues impact monetary policy and how regulation has coped with this still unknown innovation. Furthermore, it is also our aim to discuss if a recent Brazilian regulation law takes appropriately virtual money issues into account. Keywords: virtual money, monetary policy and regulation. GJHSS-E Classification: JEL Codes: E42, E52, K23 IssueofVirtualCurrencybytheCentralBankMonetaryPolicyandLegalEconomicAspectsinRecentExperience Strictly as per the compliance and regulations of: