Page 9 to 17: Pierre Lahbabi and Christian Pfister – Introduction | Page 19 to 31: Aurore Lalucq – Cryptos: the guilty benevolence of regulators | Page 35 to 51: Faustine Fleuret – The French and European crypto industry: the new builders of digital currencies | Page 53 to 71: Vivien Levy-Garboua and Gérard Maarek – The false promises of Terra-Luna | Page 73 to 90: Louis Bertucci, Sébastien Choukroun and Julien Prat – Challenges and promises of decentralized stablecoins | Page 91 to 105: Nicolas de Sèze – Central bank digital currencies: a perspective on work around the world | Page 107 to 118: Nicolas Kozakiewicz – Stablecoin Technologies and Central Bank Digital Currencies | Page 121 to 138: Hubert de Vauplane – Is a digital euro legal? | Page 139 to 152: Nathalie Aufauvre and Pierre-Alexandre Aranega – Designing a central bank digital currency: public-private partnership and complementarity with cash | Page 153 to 173: Isabelle Martz – How stablecoins and MNBCs can reshuffle the cards in financial services and payments | Page 175-190: Olena Havrylchyk – Regulating Asset-Backed Stablecoin Issuers | Page 191 to 204: Xavier Lavayssière – Use and regulation of stablecoins in payments | Pages 207 to 224: Ulrich Bindseil – Implications of New Forms of Money for Financial Stability: Central Bank Digital Currencies and Stablecoins | Page 225 to 239: Christian Pfister – Monetary policy and digital currencies | Page 241 to 255: Catherine Lubochinsky and Mariana Rojas-Breu – Stablecoins and central bank digital currencies: a geostrategic challenge for the International Monetary System | Page 257 to 269: Rosa Giovanna Barresi – The confidentiality of payments: from the 18th century to the digital euro | Pages 271 to 279: Concha Betrán and Maria A. Pons – What determined the higher frequency and greater severity of financial crises in Spain over the past 165 years (1850-2015)? | Page 281 to 287: Alain-Gérard Slama – Innovation does not mean resilience… | Page 289 to 291: Dominique Plihon – Review of the book “Between dollar and cryptocurrencies – The challenge of sanctions for Europe” | Page 295 to 308: Yann Ferrat – The French SRI label: guarantee of extra-financial quality without financial cost.