Money Governance: Accommodating Complementary Currencies in the European Legal Framework

Complementary currencies (CCs) are means of exchange other than official currencies and perform ancillary functions: from local development to social and financial inclusion, from recovery following disasters or wars to fostering intergenerational solidarity, and pursuing environmental policy priorities. This paper aims to investigate whether monetary sovereignty leaves any room for private actors, in line with the principle of horizontal subsidiarity, which addresses the relationship between the individual with the community.