Virtual currencies have recently become one of the most popular topics in the media. This paper focuses on economic aspects of Bitcoin, being an attempt to answer the question if Bitcoin can be considered money in the light of economic theories of money. On the basis of the reports published by the European Central Bank and the Financial Action Task Force, as well as the available Internet and primary sources, there have been presented the types, history and functioning of virtual currencies. The knowledge of virtual currencies makes it possible to foresee the problems arising from their existence, such as possible threats to international security, difficulties with taxation etc. The growing popularity of virtual currencies and cryptocurrencies is linked with the increase of importance of non-cash payments on global scale. Thus, Bitcoin may be considered next step in the evolution of digital money.


    Zugriff

    Download


    Exportieren, teilen und zitieren



    Titel :

    Bitcoin as an example of a virtual currency


    Beteiligte:

    Erscheinungsdatum :

    01.01.2016


    Anmerkungen:

    RePEc:pes:wpaper:2016:no1


    Medientyp :

    Paper


    Format :

    Elektronische Ressource


    Sprache :

    Englisch



    Klassifikation :

    DDC:    330 / 629




    Bitcoin as a virtual currency

    Wisniewska, Anna | BASE | 2015

    Freier Zugriff

    Buyer's protection in bitcoin

    Hariya, Meet / Wagle, Yash / Desai, Achintya et al. | IEEE | 2017


    TRANSACTION QUEUING GAME IN BITCOIN BLOCKCHAIN

    Li, Juanjuan / Yuan, Yong / Wang, Shuai et al. | British Library Conference Proceedings | 2018


    Transaction Queuing Game in Bitcoin BlockChain

    Li, Juanjuan / Yuan, Yong / Wang, Shuai et al. | IEEE | 2018


    The transaction method of electric vehicle charge using virtual currency

    LEE CHANG JU / LEE EUN CHANG | Europäisches Patentamt | 2023

    Freier Zugriff