VIRTUAL CURRENCY AND GLOBAL BUSINESS - THE NEW TREND IN THE NET-ECONOMY
VIRTUAL CURRENCY AND GLOBAL BUSINESS - THE NEW TREND IN THE NET-ECONOMY
Author(s): Catalin DUMITRESCU, Matei DUMITRESCUSubject(s): ICT Information and Communications Technologies
Published by: Scientia Moralitas Research Institute
Keywords: Blockchain; Ledger Technology; Bitcoin; ETH; cryptocurrency;
Summary/Abstract: The rapid development of information technology has made generating cryptocurrencies and fast, cheap and uncontrollable transactions using virtual space possible. Among virtual currencies, Bitcoin is considered to be a major challenge for traditional financial operations, and especially for the fight against money laundering and terrorist financing. This article presents the following points of discussion: the spectacular appearance of Bitcoin, its exponential evolution, its popularity, its growing demand, lack of anonymity and predictability, the cross-border nature of transactions.
Journal: Internal Auditing & Risk Management
- Issue Year: 58/2020
- Issue No: 2
- Page Range: 22-33
- Page Count: 10
- Language: English