{"id":3655,"date":"2024-10-09T21:34:43","date_gmt":"2024-10-09T14:04:43","guid":{"rendered":"https:\/\/luatsu911.vn\/?p=3655"},"modified":"2024-10-09T21:34:43","modified_gmt":"2024-10-09T14:04:43","slug":"ly-do-co-luat-mica-chau-au-ve-tien-dien-tu-p1-7-tien-dien-tu-va-quy-dinh-mica-ve-tai-san-ky-thuat-so-do-cac-ngan-hang-trung-uong-phat-hanh-ra-sao","status":"publish","type":"post","link":"https:\/\/luatsu911.vn\/?p=3655","title":{"rendered":"L\u00fd do c\u00f3 Lu\u1eadt Mica Ch\u00e2u \u00e2u v\u1ec1 ti\u1ec1n \u0111i\u1ec7n t\u1eed ( P1-7): Ti\u1ec1n \u0111i\u1ec7n t\u1eed v\u00e0 Quy \u0111\u1ecbnh Mica v\u1ec1 t\u00e0i s\u1ea3n k\u1ef9 thu\u1eadt s\u1ed1 do c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng ph\u00e1t h\u00e0nh ra sao?"},"content":{"rendered":"

CBDC – \u0111\u00f4i l\u00fac c\u00f2n \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 ti\u1ec1n \u0111i\u1ec7n t\u1eed c\u1ee7a NHTW – l\u00e0 ti\u1ec1n ph\u00e1p \u0111\u1ecbnh d\u01b0\u1edbi d\u1ea1ng s\u1ed1 (a digital banknote). CBDC l\u00e0 m\u1ed9t d\u1ea1ng m\u1edbi c\u1ee7a ti\u1ec1n NHTW (Ch\u00e2u V\u0103n Th\u00e0nh, 2021). CBDC c\u00f3 \u0111\u01a1n v\u1ecb t\u00e0i kho\u1ea3n qu\u1ed1c gia, l\u00e0 m\u1ed9t ngh\u0129a v\u1ee5 n\u1ee3 c\u1ee7a NHTW v\u00e0 \u0111\u01b0\u1ee3c \u0111\u1ea3m b\u1ea3o b\u1eb1ng t\u00e0i s\u1ea3n do NHTW n\u1eafm gi\u1eef (VEPR, 2021). K\u1ebft qu\u1ea3 l\u00e0 NHTW c\u00f4ng nh\u1eadn \u0111\u1ed9 tin c\u1eady v\u00e0 s\u1ef1 h\u1ee3p ph\u00e1p c\u1ee7a vi\u1ec7c ph\u00e1t h\u00e0nh CBDC.<\/span><\/p>\n

Quy \u0111\u1ecbnh Mica v\u1ec1 t\u00e0i s\u1ea3n k\u1ef9 thu\u1eadt s\u1ed1 do c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng ph\u00e1t h\u00e0nh. V\u1edbi m\u1ee5c \u0111\u00edch \u0111\u1ea3m b\u1ea3o s\u1ef1 ph\u00e2n \u0111\u1ecbnh r\u00f5 r\u00e0ng gi\u1eefa m\u1ed9t m\u1eb7t l\u00e0 t\u00e0i s\u1ea3n ti\u1ec1n \u0111i\u1ec7n t\u1eed \u0111\u01b0\u1ee3c quy \u0111\u1ecbnh trong Quy \u0111\u1ecbnh n\u00e0y v\u00e0 m\u1eb7t kh\u00e1c l\u00e0 c\u00e1c c\u00f4ng c\u1ee5 t\u00e0i ch\u00ednh, ESMA ph\u1ea3i \u0111\u01b0\u1ee3c \u1ee7y quy\u1ec1n ban h\u00e0nh h\u01b0\u1edbng d\u1eabn v\u1ec1 ti\u00eau ch\u00ed v\u00e0 \u0111i\u1ec1u ki\u1ec7n \u0111\u1ec3 \u0111\u1ee7 \u0111i\u1ec1u ki\u1ec7n t\u00e0i s\u1ea3n ti\u1ec1n \u0111i\u1ec7n t\u1eed l\u00e0m c\u00f4ng c\u1ee5 t\u00e0i ch\u00ednh<\/span><\/h1>\n
CBDC, m\u1ed9t d\u1ea1ng \u0111\u1eb7c bi\u1ec7t c\u1ee7a ti\u1ec1n g\u1eedi c\u00f3 th\u1ec3 chuy\u1ec3n nh\u01b0\u1ee3ng (transferable deposits), c\u00f3 nh\u1eefng kh\u00e1c bi\u1ec7t c\u01a1 b\u1ea3n so v\u1edbi ti\u1ec1n m\u1eb7t v\u1eadt ch\u1ea5t (bao g\u1ed3m ti\u1ec1n gi\u1ea5y v\u00e0 ti\u1ec1n xu) nh\u01b0 sau:\n<\/div>\n
Th\u1ee9 nh\u1ea5t,<\/em><\/strong>\u00a0ti\u1ec1n m\u1eb7t c\u00f3 chi ph\u00ed ph\u00e1t h\u00e0nh v\u00e0 c\u00f3 th\u1ec3 b\u1ecb b\u1ea1c m\u00e0u, nh\u00e0u n\u00e1t ho\u1eb7c r\u00e1ch c\u1ea7n ph\u1ea3i \u0111\u01b0\u1ee3c in m\u1edbi \u0111\u1ec3 thay th\u1ebf. \u0110i\u1ec1u n\u00e0y c\u0169ng g\u00e2y ra t\u00e1c \u0111\u1ed9ng x\u1ea5u \u0111\u1ebfn m\u00f4i tr\u01b0\u1eddng. Th\u00eam v\u00e0o \u0111\u00f3, giao d\u1ecbch b\u1eb1ng ti\u1ec1n m\u1eb7t c\u00f3 th\u1ec3 d\u1eabn \u0111\u1ebfn nh\u1eefng r\u1ee7i ro v\u1ec1 s\u1ee9c kh\u1ecfe nh\u01b0 truy\u1ec1n nhi\u1ec5m b\u1ec7nh cho ng\u01b0\u1eddi d\u00f9ng. CBDC kh\u00f4ng c\u00f3 nh\u1eefng r\u1ee7i ro n\u00e0y do CBDC l\u00e0 d\u1ea1ng ti\u1ec1n \u0111i\u1ec7n t\u1eed v\u00e0 giao d\u1ecbch th\u00f4ng qua c\u00e1c \u1ee9ng d\u1ee5ng c\u00f4ng ngh\u1ec7 s\u1ed1 hi\u1ec7n \u0111\u1ea1i, tr\u00e1nh vi\u1ec7c ph\u1ea3i ti\u1ebfp x\u00fac tr\u1ef1c ti\u1ebfp gi\u1eefa ng\u01b0\u1eddi v\u1edbi ng\u01b0\u1eddi.\n<\/div>\n
Th\u1ee9 hai,<\/strong><\/em>\u00a0ng\u01b0\u1eddi s\u1edf h\u1eefu ti\u1ec1n m\u1eb7t c\u0169ng c\u00f3 r\u1ee7i ro b\u1ecb m\u1ea5t m\u00e1t, hao h\u1ee5t t\u00e0i s\u1ea3n do c\u01b0\u1edbp gi\u1eadt, ch\u00e1y n\u1ed5. Ngo\u00e0i ra, vi\u1ec7c v\u1eadn chuy\u1ec3n v\u00e0 b\u1ea3o qu\u1ea3n ti\u1ec1n c\u0169ng ph\u00e1t sinh nhi\u1ec1u chi ph\u00ed. V\u1edbi nh\u1eefng giao d\u1ecbch l\u1edbn th\u00ec vi\u1ec7c ki\u1ec3m \u0111\u1ebfm m\u1ed9t l\u01b0\u1ee3ng ti\u1ec1n l\u1edbn g\u00e2y t\u1ed1n k\u00e9m th\u1eddi gian, c\u00f4ng s\u1ee9c v\u00e0 c\u00f3 th\u1ec3 c\u00f3 nh\u1ea7m l\u1eabn trong ki\u1ec3m \u0111\u1ebfm. CBDC kh\u00f4ng c\u00f3 nh\u1eefng tr\u1ee5c tr\u1eb7c n\u00e0y.\n<\/div>\n
Th\u1ee9 ba,<\/em><\/strong>\u00a0ti\u1ec1n m\u1eb7t c\u00f3 th\u1ec3 b\u1ecb l\u00e0m gi\u1ea3, \u0111\u1eb7c bi\u1ec7t l\u00e0 khi c\u00f4ng ngh\u1ec7 in \u1ea5n l\u1ea1c h\u1eadu kh\u00f4ng c\u00e0i \u0111\u1eb7t \u0111\u01b0\u1ee3c nh\u1eefng h\u00ecnh \u1ea9n h\u1eefu hi\u1ec7u \u0111\u1ec3 ch\u1ed1ng l\u00e0m gi\u1ea3. CBDC l\u00e0 ti\u1ec1n \u1edf d\u1ea1ng \u0111i\u1ec7n t\u1eed n\u00ean kh\u00f3 b\u1ecb l\u00e0m gi\u1ea3 h\u01a1n. M\u1eb7c d\u00f9 v\u1eady, c\u01a1 s\u1edf h\u1ea1 t\u1ea7ng c\u1ee7a h\u1ec7 th\u1ed1ng CBDC c\u0169ng c\u1ea7n ph\u1ea3i \u0111\u01b0\u1ee3c \u0111\u1ea3m b\u1ea3o \u0111\u1ec3 b\u1ea3o v\u1ec7 h\u1ec7 th\u1ed1ng tr\u01b0\u1edbc c\u00e1c cu\u1ed9c t\u1ea5n c\u00f4ng m\u1ea1ng v\u00e0 c\u00e1c m\u1ed1i \u0111e d\u1ecda kh\u00e1c, c\u0169ng nh\u01b0 \u0111\u1ea3m b\u1ea3o ch\u1ed1ng gian l\u1eadn v\u00e0 gi\u1ea3 m\u1ea1o.\n<\/div>\n
Th\u1ee9 t\u01b0,<\/strong><\/em>\u00a0giao d\u1ecbch b\u1eb1ng ti\u1ec1n m\u1eb7t khi\u1ebfn kh\u00f3 truy v\u1ebft c\u00e1c ho\u1ea1t \u0111\u1ed9ng r\u1eeda ti\u1ec1n, tr\u1ed1n thu\u1ebf, t\u00e0i tr\u1ee3 kh\u1ee7ng b\u1ed1 hay c\u00e1c ho\u1ea1t \u0111\u1ed9ng b\u1ea5t h\u1ee3p ph\u00e1p kh\u00e1c. Ng\u01b0\u1ee3c l\u1ea1i, m\u1ed7i \u0111\u1ed3ng CBDC, t\u00f9y thu\u1ed9c v\u00e0o c\u00f4ng ngh\u1ec7 \u0111\u01b0\u1ee3c l\u1ef1a ch\u1ecdn, c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c truy xu\u1ea5t \u0111\u1ebfn t\u1eadn c\u00f9ng m\u1ecdi giao d\u1ecbch li\u00ean quan \u0111\u1ebfn n\u00f3 k\u1ec3 t\u1eeb khi n\u00f3 \u0111\u01b0\u1ee3c ph\u00e1t h\u00e0nh. Nh\u1eefng th\u00f4ng tin n\u00e0y, theo lu\u1eadt, c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c c\u00e1c c\u01a1 quan Nh\u00e0 n\u01b0\u1edbc s\u1eed d\u1ee5ng \u0111\u1ec3 h\u00e0nh ph\u00e1p. Do \u0111\u00f3, d\u1ef1a tr\u00ean n\u1ec1n t\u1ea3ng c\u00f4ng ngh\u1ec7 cao, CBDC c\u00f3 th\u1ec3 g\u00f3p ph\u1ea7n gi\u1ea3m t\u1ed9i ph\u1ea1m v\u00e0 c\u1ea3i thi\u1ec7n ngu\u1ed3n thu thu\u1ebf c\u1ee7a Ch\u00ednh ph\u1ee7.\n<\/div>\n
Tuy nhi\u00ean, CBDC kh\u00e1c ti\u1ec1n g\u1eedi c\u00f3 th\u1ec3 chuy\u1ec3n nh\u01b0\u1ee3ng \u1edf ch\u1ed7 l\u00e0 trong khi CBDC l\u00e0 ngh\u0129a v\u1ee5 n\u1ee3 c\u1ee7a NHTW, th\u1ec3 hi\u1ec7n quy\u1ec1n truy \u0111\u00f2i \u0111\u1ed1i v\u1edbi NHTW (c\u00f3 th\u1ec3 l\u00e0 tr\u1ef1c ti\u1ebfp hay gi\u00e1n ti\u1ebfp ph\u1ee5 thu\u1ed9c v\u00e0o m\u00f4 h\u00ecnh ph\u00e1t h\u00e0nh) th\u00ec ti\u1ec1n g\u1eedi c\u00f3 th\u1ec3 chuy\u1ec3n nh\u01b0\u1ee3ng l\u00e0 ngh\u0129a v\u1ee5 n\u1ee3 c\u1ee7a c\u00e1c t\u1ed5 ch\u1ee9c trung gian t\u00e0i ch\u00ednh (l\u00e0 c\u00e1c ng\u00e2n h\u00e0ng th\u01b0\u01a1ng m\u1ea1i (NHTM)), th\u1ec3 hi\u1ec7n quy\u1ec1n truy \u0111\u00f2i tr\u1ef1c ti\u1ebfp \u0111\u1ed1i v\u1edbi c\u00e1c NHTM, kh\u00f4ng ph\u1ea3i \u0111\u1ed1i v\u1edbi NHTW (Nguy\u1ec5n Trung Anh, 2021). Th\u00eam v\u00e0o \u0111\u00f3, \u0111\u1ed1i v\u1edbi CBDC, c\u00e1c \u0111\u1ed1i t\u00e1c c\u00f3 th\u1ec3 chuy\u1ec3n ti\u1ec1n tr\u1ef1c ti\u1ebfp cho nhau m\u00e0 kh\u00f4ng c\u1ea7n th\u00f4ng qua h\u1ec7 th\u1ed1ng ng\u00e2n h\u00e0ng. Giao d\u1ecbch b\u1eb1ng CBDC, t\u00f9y v\u00e0o m\u00f4 h\u00ecnh v\u00e0 c\u00f4ng ngh\u1ec7 s\u1eed d\u1ee5ng, c\u0169ng c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n ngo\u1ea1i tuy\u1ebfn, kh\u00f4ng c\u1ea7n k\u1ebft n\u1ed1i Internet \u0111\u1ebfn thi\u1ebft b\u1ecb th\u1ef1c hi\u1ec7n giao d\u1ecbch.<\/div>\n
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(13) T\u00e0i s\u1ea3n k\u1ef9 thu\u1eadt s\u1ed1 do c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng ph\u00e1t h\u00e0nh trong kh\u1ea3 n\u0103ng qu\u1ea3n l\u00fd ti\u1ec1n t\u1ec7 c\u1ee7a h\u1ecd, bao g\u1ed3m ti\u1ec1n ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng \u1edf d\u1ea1ng k\u1ef9 thu\u1eadt s\u1ed1 ho\u1eb7c t\u00e0i s\u1ea3n ti\u1ec1n \u0111i\u1ec7n t\u1eed do c\u00e1c c\u01a1 quan c\u00f4ng quy\u1ec1n kh\u00e1c ph\u00e1t h\u00e0nh, bao g\u1ed3m ch\u00ednh quy\u1ec1n trung \u01b0\u01a1ng, khu v\u1ef1c v\u00e0 \u0111\u1ecba ph\u01b0\u01a1ng, kh\u00f4ng ph\u1ea3i tu\u00e2n theo khu\u00f4n kh\u1ed5 Li\u00ean minh cho th\u1ecb tr\u01b0\u1eddng t\u00e0i s\u1ea3n ti\u1ec1n \u0111i\u1ec7n t\u1eed. <\/span><\/h2>\n

C\u00e1c d\u1ecbch v\u1ee5 li\u00ean quan do c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng \u0111\u00f3 cung c\u1ea5p khi ho\u1ea1t \u0111\u1ed9ng v\u1edbi t\u01b0 c\u00e1ch l\u00e0 c\u01a1 quan qu\u1ea3n l\u00fd ti\u1ec1n t\u1ec7 ho\u1eb7c c\u00e1c c\u01a1 quan c\u00f4ng quy\u1ec1n kh\u00e1c c\u0169ng kh\u00f4ng ph\u1ea3i tu\u00e2n theo khu\u00f4n kh\u1ed5 Li\u00ean minh \u0111\u00f3.<\/span><\/p>\n

14) V\u1edbi m\u1ee5c \u0111\u00edch \u0111\u1ea3m b\u1ea3o s\u1ef1 ph\u00e2n \u0111\u1ecbnh r\u00f5 r\u00e0ng gi\u1eefa m\u1ed9t m\u1eb7t l\u00e0 t\u00e0i s\u1ea3n ti\u1ec1n \u0111i\u1ec7n t\u1eed \u0111\u01b0\u1ee3c quy \u0111\u1ecbnh trong Quy \u0111\u1ecbnh n\u00e0y v\u00e0 m\u1eb7t kh\u00e1c l\u00e0 c\u00e1c c\u00f4ng c\u1ee5 t\u00e0i ch\u00ednh, ESMA ph\u1ea3i \u0111\u01b0\u1ee3c \u1ee7y quy\u1ec1n ban h\u00e0nh h\u01b0\u1edbng d\u1eabn v\u1ec1 ti\u00eau ch\u00ed v\u00e0 \u0111i\u1ec1u ki\u1ec7n \u0111\u1ec3 \u0111\u1ee7 \u0111i\u1ec1u ki\u1ec7n t\u00e0i s\u1ea3n ti\u1ec1n \u0111i\u1ec7n t\u1eed l\u00e0m c\u00f4ng c\u1ee5 t\u00e0i ch\u00ednh.<\/span><\/h2>\n

Nh\u1eefng h\u01b0\u1edbng d\u1eabn \u0111\u00f3 c\u0169ng s\u1ebd cho ph\u00e9p hi\u1ec3u r\u00f5 h\u01a1n v\u1ec1 c\u00e1c tr\u01b0\u1eddng h\u1ee3p t\u00e0i s\u1ea3n ti\u1ec1n \u0111i\u1ec7n t\u1eed \u0111\u01b0\u1ee3c coi l\u00e0 duy nh\u1ea5t v\u00e0 kh\u00f4ng th\u1ec3 thay th\u1ebf \u0111\u01b0\u1ee3c v\u1edbi c\u00e1c t\u00e0i s\u1ea3n ti\u1ec1n \u0111i\u1ec7n t\u1eed kh\u00e1c c\u00f3 th\u1ec3 \u0111\u1ee7 \u0111i\u1ec1u ki\u1ec7n l\u00e0m c\u00f4ng c\u1ee5 t\u00e0i ch\u00ednh.<\/span><\/p>\n

\u0110\u1ec3 th\u00fac \u0111\u1ea9y c\u00e1ch ti\u1ebfp c\u1eadn chung \u0111\u1ed1i v\u1edbi vi\u1ec7c ph\u00e2n lo\u1ea1i t\u00e0i s\u1ea3n ti\u1ec1n \u0111i\u1ec7n t\u1eed, EBA, ESMA v\u00e0 C\u01a1 quan gi\u00e1m s\u00e1t ch\u00e2u \u00c2u (C\u01a1 quan b\u1ea3o hi\u1ec3m v\u00e0 l\u01b0\u01a1ng h\u01b0u ngh\u1ec1 nghi\u1ec7p ch\u00e2u \u00c2u) (EIOPA), \u0111\u01b0\u1ee3c th\u00e0nh l\u1eadp theo Quy \u0111\u1ecbnh (EU) s\u1ed1 1094\/2010 c\u1ee7a Ngh\u1ecb vi\u1ec7n ch\u00e2u \u00c2u v\u00e0 c\u1ee7a H\u1ed9i \u0111\u1ed3ng (11)(‘C\u01a1 quan Gi\u00e1m s\u00e1t Ch\u00e2u \u00c2u’ ho\u1eb7c ‘ESA’) n\u00ean th\u00fac \u0111\u1ea9y c\u00e1c cu\u1ed9c th\u1ea3o lu\u1eadn v\u1ec1 vi\u1ec7c ph\u00e2n lo\u1ea1i \u0111\u00f3.<\/span><\/p>\n

C\u00e1c c\u01a1 quan c\u00f3 th\u1ea9m quy\u1ec1n c\u00f3 th\u1ec3 y\u00eau c\u1ea7u \u00fd ki\u1ebfn \u200b\u200bt\u1eeb ESA v\u1ec1 vi\u1ec7c ph\u00e2n lo\u1ea1i t\u00e0i s\u1ea3n ti\u1ec1n \u0111i\u1ec7n t\u1eed, bao g\u1ed3m c\u00e1c ph\u00e2n lo\u1ea1i \u0111\u01b0\u1ee3c \u0111\u1ec1 xu\u1ea5t b\u1edfi nh\u1eefng ng\u01b0\u1eddi cung c\u1ea5p ho\u1eb7c nh\u1eefng ng\u01b0\u1eddi mu\u1ed1n \u0111\u01b0\u1ee3c ch\u1ea5p nh\u1eadn giao d\u1ecbch. <\/span><\/p>\n

Ng\u01b0\u1eddi cung c\u1ea5p ho\u1eb7c ng\u01b0\u1eddi mu\u1ed1n tham gia giao d\u1ecbch ch\u1ecbu tr\u00e1ch nhi\u1ec7m ch\u00ednh v\u1ec1 vi\u1ec7c ph\u00e2n lo\u1ea1i ch\u00ednh x\u00e1c t\u00e0i s\u1ea3n ti\u1ec1n \u0111i\u1ec7n t\u1eed, \u0111i\u1ec1u n\u00e0y c\u00f3 th\u1ec3 b\u1ecb c\u01a1 quan c\u00f3 th\u1ea9m quy\u1ec1n th\u00e1ch th\u1ee9c, c\u1ea3 tr\u01b0\u1edbc ng\u00e0y c\u00f4ng b\u1ed1 \u01b0u \u0111\u00e3i v\u00e0 b\u1ea5t k\u1ef3 l\u00fac n\u00e0o sau \u0111\u00f3. <\/span><\/p>\n

Trong tr\u01b0\u1eddng h\u1ee3p vi\u1ec7c ph\u00e2n lo\u1ea1i t\u00e0i s\u1ea3n ti\u1ec1n \u0111i\u1ec7n t\u1eed c\u00f3 v\u1ebb kh\u00f4ng nh\u1ea5t qu\u00e1n v\u1edbi Quy \u0111\u1ecbnh n\u00e0y ho\u1eb7c c\u00e1c \u0111\u1ea1o lu\u1eadt l\u1eadp ph\u00e1p li\u00ean quan kh\u00e1c c\u1ee7a Li\u00ean minh v\u1ec1 d\u1ecbch v\u1ee5 t\u00e0i ch\u00ednh, ESA n\u00ean s\u1eed d\u1ee5ng quy\u1ec1n h\u1ea1n c\u1ee7a m\u00ecnh theo Quy \u0111\u1ecbnh (EU) s\u1ed1 1093\/2010, (EU) s\u1ed1 1094\/2010 v\u00e0 (EU) s\u1ed1 1095\/2010 \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o c\u00e1ch ti\u1ebfp c\u1eadn nh\u1ea5t qu\u00e1n v\u00e0 m\u1ea1ch l\u1ea1c \u0111\u1ed1i v\u1edbi vi\u1ec7c ph\u00e2n lo\u1ea1i \u0111\u00f3.<\/span><\/p>\n

(15) Theo \u0110i\u1ec1u 127(2), \u0111o\u1ea1n th\u1ee9 t\u01b0 c\u1ee7a Hi\u1ec7p \u01b0\u1edbc v\u1ec1 Ch\u1ee9c n\u0103ng c\u1ee7a Li\u00ean minh Ch\u00e2u \u00c2u (TFEU), m\u1ed9t trong nh\u1eefng nhi\u1ec7m v\u1ee5 c\u01a1 b\u1ea3n \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n th\u00f4ng qua H\u1ec7 th\u1ed1ng Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng Ch\u00e2u \u00c2u (ESCB) l\u00e0 th\u00fac \u0111\u1ea9y ho\u1ea1t \u0111\u1ed9ng tr\u01a1n tru c\u1ee7a h\u1ec7 th\u1ed1ng thanh to\u00e1n.<\/span><\/p>\n

Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng Ch\u00e2u \u00c2u (ECB), c\u00f3 th\u1ec3, theo \u0110i\u1ec1u 22 c\u1ee7a Ngh\u1ecb \u0111\u1ecbnh th\u01b0 s\u1ed1 4 v\u1ec1 Quy ch\u1ebf c\u1ee7a H\u1ec7 th\u1ed1ng Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng Ch\u00e2u \u00c2u v\u00e0 c\u1ee7a Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng Ch\u00e2u \u00c2u k\u00e8m theo c\u00e1c Hi\u1ec7p \u01b0\u1edbc, \u0111\u01b0a ra c\u00e1c quy \u0111\u1ecbnh \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o h\u1ec7 th\u1ed1ng thanh to\u00e1n v\u00e0 thanh to\u00e1n b\u00f9 tr\u1eeb hi\u1ec7u qu\u1ea3 v\u00e0 l\u00e0nh m\u1ea1nh trong Li\u00ean minh v\u00e0 v\u1edbi c\u00e1c n\u01b0\u1edbc kh\u00e1c. <\/span><\/p>\n

\u0110\u1ec3 \u0111\u1ea1t \u0111\u01b0\u1ee3c m\u1ee5c ti\u00eau \u0111\u00f3, ECB \u0111\u00e3 \u00e1p d\u1ee5ng c\u00e1c quy \u0111\u1ecbnh li\u00ean quan \u0111\u1ebfn c\u00e1c y\u00eau c\u1ea7u \u0111\u1ed1i v\u1edbi c\u00e1c h\u1ec7 th\u1ed1ng thanh to\u00e1n quan tr\u1ecdng mang t\u00ednh h\u1ec7 th\u1ed1ng. Quy \u0111\u1ecbnh n\u00e0y kh\u00f4ng \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn tr\u00e1ch nhi\u1ec7m c\u1ee7a ECB v\u00e0 c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng qu\u1ed1c gia trong ESCB trong vi\u1ec7c \u0111\u1ea3m b\u1ea3o h\u1ec7 th\u1ed1ng thanh to\u00e1n v\u00e0 thanh to\u00e1n b\u00f9 tr\u1eeb hi\u1ec7u qu\u1ea3 v\u00e0 l\u00e0nh m\u1ea1nh trong Li\u00ean minh v\u00e0 v\u1edbi c\u00e1c n\u01b0\u1edbc th\u1ee9 ba. <\/span><\/p>\n

Do \u0111\u00f3, v\u00e0 \u0111\u1ec3 ng\u0103n ch\u1eb7n kh\u1ea3 n\u0103ng t\u1ea1o ra c\u00e1c b\u1ed9 quy t\u1eafc song song, EBA, ESMA v\u00e0 ECB n\u00ean h\u1ee3p t\u00e1c ch\u1eb7t ch\u1ebd khi chu\u1ea9n b\u1ecb d\u1ef1 th\u1ea3o ti\u00eau chu\u1ea9n k\u1ef9 thu\u1eadt c\u00f3 li\u00ean quan theo Quy \u0111\u1ecbnh n\u00e0y. H\u01a1n n\u1eefa, \u0111i\u1ec1u quan tr\u1ecdng l\u00e0 ECB v\u00e0 c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng qu\u1ed1c gia ph\u1ea3i c\u00f3 quy\u1ec1n truy c\u1eadp th\u00f4ng tin khi th\u1ef1c hi\u1ec7n c\u00e1c nhi\u1ec7m v\u1ee5 li\u00ean quan \u0111\u1ebfn gi\u00e1m s\u00e1t h\u1ec7 th\u1ed1ng thanh to\u00e1n, bao g\u1ed3m c\u1ea3 thanh to\u00e1n b\u00f9 tr\u1eeb. Ngo\u00e0i ra, Quy \u0111\u1ecbnh n\u00e0y kh\u00f4ng \u0111\u01b0\u1ee3c \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn Quy \u0111\u1ecbnh c\u1ee7a H\u1ed9i \u0111\u1ed3ng (EU) s\u1ed1 1024\/2013 (12) v\u00e0 ph\u1ea3i \u0111\u01b0\u1ee3c gi\u1ea3i th\u00edch theo c\u00e1ch kh\u00f4ng m\u00e2u thu\u1eabn v\u1edbi Quy \u0111\u1ecbnh \u0111\u00f3.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

CBDC – \u0111\u00f4i l\u00fac c\u00f2n \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 ti\u1ec1n \u0111i\u1ec7n t\u1eed c\u1ee7a NHTW – l\u00e0 ti\u1ec1n ph\u00e1p \u0111\u1ecbnh d\u01b0\u1edbi d\u1ea1ng s\u1ed1 (a digital banknote). CBDC l\u00e0 m\u1ed9t d\u1ea1ng m\u1edbi c\u1ee7a ti\u1ec1n NHTW (Ch\u00e2u V\u0103n Th\u00e0nh, 2021). CBDC c\u00f3 \u0111\u01a1n v\u1ecb t\u00e0i kho\u1ea3n qu\u1ed1c gia, l\u00e0 m\u1ed9t ngh\u0129a v\u1ee5 n\u1ee3 c\u1ee7a NHTW v\u00e0 \u0111\u01b0\u1ee3c \u0111\u1ea3m b\u1ea3o b\u1eb1ng t\u00e0i s\u1ea3n do NHTW n\u1eafm gi\u1eef (VEPR, 2021). K\u1ebft qu\u1ea3 l\u00e0 NHTW c\u00f4ng nh\u1eadn \u0111\u1ed9 tin c\u1eady v\u00e0 s\u1ef1 h\u1ee3p ph\u00e1p c\u1ee7a vi\u1ec7c ph\u00e1t h\u00e0nh CBDC.<\/p>\n","protected":false},"author":1,"featured_media":4312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[133,132],"tags":[],"class_list":["post-3655","post","type-post","status-publish","format-standard","has-post-thumbnail","category-luat-ve-crypto-chau-au","category-tai-san-so"],"yoast_head":"\nL\u00fd do c\u00f3 Lu\u1eadt Mica Ch\u00e2u \u00e2u v\u1ec1 ti\u1ec1n \u0111i\u1ec7n t\u1eed ( P1-7): Ti\u1ec1n \u0111i\u1ec7n t\u1eed v\u00e0 Quy \u0111\u1ecbnh Mica v\u1ec1 t\u00e0i s\u1ea3n k\u1ef9 thu\u1eadt s\u1ed1 do c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng ph\u00e1t h\u00e0nh ra sao? - Lu\u1eadt S\u01b0 911- Lu\u1eadt s\u01b0 v\u1ec1 Blockchain, crypto, b\u1ea5t \u0111\u1ed9ng s\u1ea3n, m&a, h\u1ee3p \u0111\u1ed3ng kinh t\u1ebf<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/luatsu911.vn\/?p=3655\" \/>\n<meta property=\"og:locale\" content=\"vi_VN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"L\u00fd do c\u00f3 Lu\u1eadt Mica Ch\u00e2u \u00e2u v\u1ec1 ti\u1ec1n \u0111i\u1ec7n t\u1eed ( P1-7): Ti\u1ec1n \u0111i\u1ec7n t\u1eed v\u00e0 Quy \u0111\u1ecbnh Mica v\u1ec1 t\u00e0i s\u1ea3n k\u1ef9 thu\u1eadt s\u1ed1 do c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng ph\u00e1t h\u00e0nh ra sao? - Lu\u1eadt S\u01b0 911- Lu\u1eadt s\u01b0 v\u1ec1 Blockchain, crypto, b\u1ea5t \u0111\u1ed9ng s\u1ea3n, m&a, h\u1ee3p \u0111\u1ed3ng kinh t\u1ebf\" \/>\n<meta property=\"og:description\" content=\"CBDC - \u0111\u00f4i l\u00fac c\u00f2n \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 ti\u1ec1n \u0111i\u1ec7n t\u1eed c\u1ee7a NHTW - l\u00e0 ti\u1ec1n ph\u00e1p \u0111\u1ecbnh d\u01b0\u1edbi d\u1ea1ng s\u1ed1 (a digital banknote). CBDC l\u00e0 m\u1ed9t d\u1ea1ng m\u1edbi c\u1ee7a ti\u1ec1n NHTW (Ch\u00e2u V\u0103n Th\u00e0nh, 2021). CBDC c\u00f3 \u0111\u01a1n v\u1ecb t\u00e0i kho\u1ea3n qu\u1ed1c gia, l\u00e0 m\u1ed9t ngh\u0129a v\u1ee5 n\u1ee3 c\u1ee7a NHTW v\u00e0 \u0111\u01b0\u1ee3c \u0111\u1ea3m b\u1ea3o b\u1eb1ng t\u00e0i s\u1ea3n do NHTW n\u1eafm gi\u1eef (VEPR, 2021). 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