The Regulation and Differences between Cryptocurrency, Stablecoin, Central Bank Digital Currency, e-Money, Virtual Currency, and In-Game Currency

This paper explores the regulation and differences between various digital currencies, including cryptocurrency, stablecoin, central bank digital currency, e-money, virtual currency, and in-game currency. The rise of digital currencies has created a complex ecosystem of financial instruments that pose unique regulatory challenges. This paper analyzes the various types of digital currencies, their functions, and their regulatory status in different jurisdictions. The discussion includes the technological underpinnings of each digital currency, their economic impact, and the potential risks associated with their use. The paper concludes with a call for harmonized global regulatory standards to address the challenges posed by digital currencies and to ensure their safe and responsible use