Digital Wallet: Economic and Legal Implications in the Digital Era
Digital Wallet: Economic and Legal Implications in the Digital Era

Author(s): Daniela Duță, Isabelle Oprea
Subject(s): Financial Markets, ICT Information and Communications Technologies, Socio-Economic Research
Published by: ADJURIS – International Academic Publisher
Keywords: digital wallet; euro digital; coin; European Central Bank; electronic currency;
Summary/Abstract: This study examines the digital wallet and its economic and legal implications in the context of digital transformations in the current era. The digital wallet aims to be a way of managing financial transactions. Through this study, key aspects related to digital wallets are explored, including economic benefits and legal risks, starting with the digital euro and the European wallet for digital identity. Firstly, the economic implications of digital wallets are analyzed. The advantages are highlighted, such as the efficiency and convenience of financial transactions, easy access to financial services, and the growth of the digital economy. Secondly, the legal implications of digital wallets are examined, including the examination of European regulations in the field, recommendations, and legislative proposals. Issues such as electronic fraud, money laundering, tax evasion associated with the use of digital wallets, as well as the legal responsibility of financial service providers, are also addressed. The study emphasizes that digital wallets represent an innovation in the financial domain, with significant economic benefits. However, an appropriate legal approach is essential to address the associated risks and challenges, ensuring the security and protection of users' interests.

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