| Summary: | Integration of digital currency in the current financial system is an intricate subject and undergoes a quick development. While digital currency integration shows considerable impediments, it has the potential to widen financial inclusion, cut transaction costs and enhance productivity. This article discusses on the manner in which digital currencies can be incorporated the current financial system and analyzes the benefits and challenges arising from this. In this paper there will be highlighted the important elements influencing the integration process and provides recommendations for decision makers and financial institutions using a technique of reviewing literature and specialized information from the National Bank of Moldova. Furthermore, we conclude that there are major challenges for digital currency integration, but there are also large potential benefits. Challenges include ambiguity of regulations, lack of standards and threats to cybersecurity. In order to properly integrate digital currency in the financial system, it will be suggested the betterment of the cybersecurity measures, standardization of technical protocols and growing the clarity of regulations.
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