Call for Papers: Next steps for digital currencies (including CBDCs, crypto currencies and stablecoins)

A special issue of the Journal of Payments Strategy and Systems
Gerard Hartsink, Editor

Submission deadline: 7th November 2022


Digital currencies (Central Bank Digital Currencies) and crypto currencies are currently being discussed by the public sector and are a hot topic for market participants, especially those involved in payment services. Developments in e-commerce, the cost of cash in society, opportunities of new technologies and barriers for cross-border payments are all catalysts for the rapid growth in digital currencies.

Central Bank Digital Currencies (CBDCs)

The BIS Innovation hub published on 30 September 2021 an Executive Summary on central bank digital currencies, together with three detailed reports on: system design, user needs and adoption; and financial stability considerations.

The People’s Bank of China reported in July 2021 on the progress made with the PBOC e-CNY program in China.

The BIS CPMI, IMF and World Bank concluded in their July 2021 joint report to the G20 that “CBDCs have the potential to enhance the efficiency of cross-border payments as long as countries work together”.

Crypto currencies and stablecoins

The FSB published several policy reports on the financial stability risks of crypto assets (such as Bitcoin) and stablecoins. The FSB published, among others, a report with recommendations for the regulation, supervision and oversight of “global stablecoin” arrangements.

Also the Financial Action Task Force provided guidance for an approach to prevent money laundering and terrorist financing risks in virtual payments products and services.


Corporate treasurers and their associations such as the EACT have started to explore the benefits of CBDCs and cryptos currencies for their treasury operations.

Consumer protection

The ISO TC 68 Financial Industry created an Advisory Group (AG) 5 on Digital Currencies and the ISO TC 307 Blockchain Advisory Group 3 on Digital Currencies. The two AG Reports are planned to be made available to the TC 68 Plenary and the TC 307 Plenary and may include recommendations for further standardisation (if required).


Policy makers and consumer organisations expressed their concerns that suppliers of crypto currencies should ensure that their customers are well informed about the potential risks. Legislators in several jurisdictions are developing laws to protect consumers and society at large.

Call for Papers

This special issue of the Journal of Payments Strategy & Systems (JPSS) plans to deliver thought-provoking contributions and in-depth advice on digital currencies for the supply side and buy side of the payments industry. The papers in this special issue are also intended to promote the exchange of ideas in the subject areas covered by JPSS.

Additional suggestions for articles for this special issue are welcomed.

Submissions covering any of the following topics in digital currencies will be considered:

Market developments and payment strategy

• Do global stablecoins meet a market need and give payment users a better service?

• The use of crypto currencies in the development of payments markets

• The future role of banks as intermediaries of CBDCs for payments

Trends in payments methods, products and services

• How can CBDCs contribute to the reduction in the cost of cash payments in society?

• Are stablecoins a more efficient payment instrument for cross-border payments?

• The use of CBDCs and stablecoins in card payments and card networks

Real Time Gross Settlement Systems

• Impact of CBDCs on the settlement of foreign exchange transactions

• Impact of CBDCs on the clearing and settlement functions of payments transactions

Corporate payments and treasury management

• Are corporates likely to prefer central bank money (CBDCs) or bank money?

• The use of CBDCs for corporate treasury management

• How do banks need to adopt their treasury management policies after the introduction of CBDC?

Payment risk management

• Compliance with the FATF standards on AML-CFT for payments with digital currencies

• What is the impact of CBDCs on the risk profile of counterparties in correspondent banking?

Social impact of payments

• Is the privacy of consumers protected with digital currency payments?

• Will CBDCs benefit families dependent on workers' remittances?

Submission Guidelines:
The deadline for the submission of articles to this special issue is 7th November 2022.  

The following types of articles will be considered for publication:

• Practice articles: Thought leadership pieces, regulatory updates, briefings, and other contributions on digital currencies written by practitioners. Articles should be 2,000 to 5,000 words in length.

• Research papers: Contributions which explore new models, theories and research on digital currencies. The principal management implications of the submission should be included. Articles should be up to maximum 5,000 words in length. 

Author guidelines, sample articles and other relevant information about the journal can be found at:

The special issue aims to provide a comprehensive coverage of digital currencies. Authors are recommended to let us know which topics they would like to write on as soon as possible. Questions and proposals for papers should be directed to the Editor, Gerard Hartsink, at and Julie Kerry, the Publisher, at