Selected conflict-of-law issues related to digital currency

This paper discusses the problem of Central Bank Digital Currency (CBDC) in relation to conflict-of-law legislation. It aims to examine the suitability of currently applicable private international law provisions as an instrument for resolving conflict-of-law disputes related to monetary (currency) transactions under civil law with a foreign element. To achieve this goal, it analyses the definition of money and its interpretations in private law, followed by an overview of possible CBDC models. The findings facilitate the understanding of digital currency in private international law and examine the criteria for determining the jurisdiction of a specific legal order. Safe and efficient international transactions with CBDC are conditioned and guaranteed by legal certainty in cross-border relations. The future shape of the regulatory framework depends on the selected organizational and legal model for the issuance and use of CBDC.