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Journal articles on the topic 'Digital currency'
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Zhang, Xinuo. "Studies on Current Situation of Private Digital Currency and Central Bank Digital Currency." Advances in Economics, Management and Political Sciences 8, no. 1 (September 13, 2023): 55–60. http://dx.doi.org/10.54254/2754-1169/8/20230279.
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Digital currency is one of the vital innovative products of Fintech and it has influenced the whole financial industry and supervision field. It first came with personal digital currency, and it changed the forms, circulation, and payment methods of traditional currencies, and different currencies have their own intrinsic value. In the meantime, the central banks of various countries have also tried to control digital currency. Central banks reduce the cost of issuing currency and improve the efficiency of payment. Moreover, the regulatory authorities of various countries have improved the rules when facing the security problems of digital currency. The paper, through methods of qualitative research and literature review, focuses on three parts, which include the difference between private digital currency and central bank digital currency; the difference between each private digital currency; and the difference between central bank digital currencies in various countries. It hopes to provide some insights for further development in this field.
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SÖNMEZ, ASUMAN. "DIGITAL CURRENCY BITCOIN." TURKISH ONLINE JOURNAL OF DESIGN, ART AND COMMUNICATION 4, no. 3 (July 1, 2014): 1–14. http://dx.doi.org/10.7456/10403100/001.
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Tachscherer, Balázs, and Andrea Benedek. "Digital Currency Revolution." Acta Carolus Robertus 11, no. 2 (December 28, 2021): 55–72. http://dx.doi.org/10.33032/acr.2646.
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Background. Bitcoin protocol was released in 2009, which created a revolutionary virtual currency, the Bitcoin. Many cryptocurrencies have appeared in the last decade, and as a result nowadays approximately 4940 cryptocurrencies are registered, and new ones emerge almost every day. Majority of the central banks do not accept these cryptocurrencies as real currencies, rather they draw attention for their dangers and risks. At the same time, despite warnings, the number of cryptocurrency transactions has exploded. Research aims. The aim of this research is to examine the investors’ investing habits, motivations and study the acceptance of innovation. Our aims are to explore those habits and motivations, which are obstruct or incite investors’ investing habits. Also, one of our aims is to study how cryptocurrency investors open for innovations and which adaption categories they can be classified into. Methodology. During the research process, the professional bibliography of the academic basis for cryptocurrencies had been reviewed. We used the results of previous research in our study whilst we examined the investing, savings habits and motivations of the Hungarian population. Everett Rogers’ theory of innovation played a vital role in our research, mostly that is what our own research was based on. During the primary research we conducted a questionnaire survey, which results were analyzed using mathematical-statistical models. Key findings. The main motivation for cryptocurrency investors is gaining income, wealth and seeking entertainment. Their characteristics are mostly the independence and lifecycle motivation. For cryptocurrency investors, the motivation is mostly obstructed by lack of income and market information. Most of them are open for innovation and bear it inevitable. The most of them considered as innovator or late majority. They are rarely known as laggards.
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Gilbert, Scott, and Hio Loi. "Digital Currency Risk." International Journal of Economics and Finance 10, no. 2 (January 10, 2018): 108. http://dx.doi.org/10.5539/ijef.v10n2p108.
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Digital currencies, such as Bitcoin, have emerged as an alternative form of money, untethered to traditional money and largely unregulated. As such, digital currency represents a wild frontier for investors who might otherwise be shopping for gold or foreign currencies, with serious risks. The present work considers digital currency from a traditional asset pricing perspective. Setting aside risks of seller fraud or currency theft, we examine fluctuation and systematic risk in the price of Bitcoin. From this perspective, Bitcoin does not appear to carry much systematic risk -- despite its high volatility -- and so is a reasonable candidate for inclusion in investors’ portfolios. Some illustrative examples suggest that the optimal amount of Bitcoin to include in investor portfolios may be tiny or instead substantial - as high as 21 percent of total financial assets.
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Chen, Jianwei, and Igor O. Nesterov. "Central bank digital currencies: Digital Yuan and its role in Chinese digital economy development." RUDN Journal of Economics 31, no. 1 (December 15, 2023): 120–33. http://dx.doi.org/10.22363/2313-2329-2023-31-1-120-133.
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Under the impact of financial technology and digital currency, “central bank digital currency” has become an international hotspot in recent years and is also one of the current research and development priorities of China’s central bank. Preparations for China’s digital RMB began as early as 2014, and in 2017 China’s central bank clearly announced that it would fully issue the digital currency. The launch of the digital RMB is a major reform and innovation in the historical development of China’s currency. China’s issuance of a central bankdigital currency will help enhance the status of the People’s Bank, strengthen the effectiveness of monetary policy, improve macro-prudential management capabilities, and promote cross-border RMB payments, etc. Up to now, China has started pilot tests in some cities, such as Shenzhen, Xian, Chengdu Suzhou. Currently, China’s digital RMB has been tested for the public, with features such as unlimited legal compensation, moderate anonymity, national statutory, dual offline payment, no cost of transaction and centralized management. With the rapid development of scientific information technology and the intensification of international competition, the digitalization of currency has become an irreversible trend. The purpose of this study is to identify the practice of digital Yuan and its role in Chinese digital economy development. The discussion tasks of this paper can be summarized as follows. Clarify the definition of digital Yuan; assess the operational model of digital Yuan; evaluate the operating framework of digital Yuan; identify the features and merits of digital Yuan application. This research adopts case study of China CBDC and literature analysis methods to analyzed the concept, characteristics and design principles of digital RMB. Then it investigates the role of digital RMB for the development of China’s digital economy, which will provide an important basis for understanding and advancing the domestic research on the central bank’s digital currency. For example, digital Yuan plays a key role in facilitating data productivity, driving digitalization of public payment scenarios and opening a healthy digital economy system.
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Sintsova, E. A., and E. A. Vitsko. "Current Development Trends in the Digital Currency Market." Economics and Management 27, no. 7 (September 1, 2021): 504–11. http://dx.doi.org/10.35854/1998-1627-2021-7-504-511.
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Aim. The presented study aims to analyze the development of the digital currency market, investigate trends for expanding the use of its tools, identify the peculiarities of the current stage of digital currency use, and consider the mechanism of introducing central bank digital currencies (CBDCs).Tasks. The authors specify the role and content of the digital currency market and its tools in the modern Russian economy; examine the formation and development of the cryptocurrency market from the perspective of introducing the “digital ruble”; identify regulatory prerequisites that hinder the development of the digital currency market; describe current trends and the mechanism of organizing the introduction of CBDCs.Methods. This article reflects a comprehensive approach to assessing the effectiveness of the use of digital currency market tools based on the use of economic-statistical and general scientific dialectical methods as well as the laws and principles of formal logic. The conducted studies and recommendations are based on statistics provided by CoinMarketCap. In particular, the methodological basis includes econometric modeling tools used to assess the cryptocurrency market in order to identify its characteristic traits and features.Results. Under modern conditions, the digital currency market is considered to be one of the main transformational elements of the digital economy. The authors focus on the prerequisites for the development and implementation of the domestic digital currency as an instrument of the national monetary policy and for ensuring the financial stability of the economy as a whole. This hypothesis is confirmed by the analysis and study of the global economic situation in the international digital currency market as well as the peculiarities of the functioning of its key components.Conclusions. In the modern context, it is important to have a theoretical and practical understanding of the conditions for the functioning of the digital currency market in the national economy and to find a comprehensive solution to issues associated with expanding the use of its tools for the development of the payment system and the formation of a favorable competitive environment.
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Zaynutdinova, Elizaveta. "Digital Rights and Digital Currency in Russian Law: The Issues of Legal Nature and Relations." Legal Concept, no. 4 (December 2022): 159–67. http://dx.doi.org/10.15688/lc.jvolsu.2022.4.22.
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Introduction: currently, all countries are facing the challenges of the legal regulation of new digital phenomena that receive various names – digital rights, tokens, digital assets, digital currency, cryptocurrency. The Russian legislator has chosen the concepts of digital rights and digital currency as fundamental in this area. Questions arise about the correlation of such objects of rights, the selection of their qualifying features and the definition of the features of their legal regimes in the Russian Federation. The purpose of the study is to identify significant qualifying features of digital rights and digital currency, allowing them to be distinguished from each other in the Russian legal field. In this regard, the following research tasks are solved: 1) the definition of the essence of digital rights and digital currency in Russian law and similar legal phenomena; 2) the identification of qualifying features of digital rights and digital currency in the legislation, doctrine and law enforcement practice; 3) the comparative legal analysis of the legal regimes of digital rights and digital currency; 4) providing recommendations to the legislator and law enforcement officer on a more precise definition of the legal nature of digital rights and digital currency and a more effective legal regulation of their movement in the Russian Federation. Methods: in carrying out the study, the formal legal, historical legal and comparative legal methods were used to formulate the features of the legal regimes of digital rights and digital currency in Russian law. Results: digital rights and digital currency, despite the presence of a single digital (binary) form, have different legal regimes. Digital rights are second-order rights, being binding and other rights in digital form. In the case of digital rights, there is an obligor on whom the creditor has the right to make a corresponding claim. Accordingly, digital rights are relative rights. In turn, the digital currency is limited in circulation, at the same time, it seems more correct to recognize it as a special right of obligation, while the obligor is the user of the information system in which the digital currency is issued and circulated. Such a digital currency should not be confused with a digital currency issued by the Central Bank acting as an obligor. The authors have come to the conclusion that digital rights and digital currency are similar in having a digital form, which determines the civil remedies and liability applied in their movement relations, as well as the use of special contractual structures (smart contract). The differences between digital rights and digital currency lie in the definition of the obligor in the obligation, whose object is a digital right or digital currency.
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Алленых, Марина Анатольевна. "DIGITAL CURRENCY - PRIVATE MONEY?" Вестник Тверского государственного университета. Серия: Экономика и управление, no. 1(53) (March 30, 2021): 21–30. http://dx.doi.org/10.26456/2219-1453/2021.1.021-030.
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Цель работы - рассмотреть, является ли цифровая валюта частными деньгами в контексте австрийской школы, и показать современное направление развития цифровых платформ. Автором рассмотрены основные положения теории частных денег Хайека и проведен историко-сравнительный анализ цифровых валют. Сделан вывод о том, что криптовалюта еще не является частными деньгами по определению австрийской школы. Автором проанализировано, как современные платежные платформы, которые по сути являются «экосистемами», используют цифровые платежные инструменты. Рассмотрены особенности цифровых валют, выпускаемых на основе платформ. Показано, что в «экосистемах» токены также не являются частными деньгами в соответствии с положениями австрийской школы. The purpose of this work is to analyze whether digital currency is private money in the context of the Austrian school and to show the modern direction of development of digital models. The author considers the main provisions of the private money theory and carries out a historical and comparative analysis of digital currencies in this context. It is concluded that cryptocurrency is not yet private money as defined by the Austrian school. The author analyzes how modern payment platforms, which are essentially «ecosystems», use digital payment instruments The features of digital currencies issued on the platform basis are considered. It is shown that in «ecosystems» tokens are also not private money in accordance with the provisions of the Austrian school.
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Kang, Kee-Youn. "Digital currency and privacy." Theoretical Economics 19, no. 1 (2024): 131–67. http://dx.doi.org/10.3982/te5081.
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We develop a monetary model in which a private company issues digital currency and uses payment data to estimate consumers' preferences. Sellers purchase preference information to produce goods that better match consumers' preferences. A monopoly arises in the digital currency industry, and digital currency is not issued if the inflation rate is sufficiently high. Due to reinforcing interactions between the value of preference information and trade volume, multiple equilibria (with and without digital currency) can exist, depending on market structures for monetary exchanges. When left to market forces alone, socially efficient uses of payment data may not occur.
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Yan, Chen, and Tianzhi Yao. "World Digital CurrencyandTobacco Regulatory Science New Paradigm." Tobacco Regulatory Science 7, no. 6 (November 3, 2021): 5395–99. http://dx.doi.org/10.18001/trs.7.6.30.
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Objectives: Based on the times analysis, we proposethe world digital currency, proposesthe world digital currency tentative plan. The so-called world digital currency is may distribute one kind of world digital currency, or as its initial digital nationality currency, as well as its initial other form like company or personal digital currency. Then has analyzed the digital currency competition, pointed out the digital currency the competition, is take the national digital currency strategy competition as the foundation, must formulate the good national digital currency strategy, at last we put forward thenew tobacco regulatory science paradigm.
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QIWEI LI., QIWEI LI. "ТЕКУЩЕЕ СОСТОЯНИЕ И ГОРЯЧИЕ ТЕМЫ В ИССЛЕДОВАНИИ ЦИФРОВЫХ ВАЛЮТ: НАУКОМЕТРИЧЕСКИЙ АНАЛИЗ." Экономика и предпринимательство, no. 4(165) (June 25, 2024): 213–21. http://dx.doi.org/10.34925/eip.2024.165.4.040.
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This study aims to explore the current state and future directions of digital currency research. For the purpose of scientometric analysis via Citespace, this study selected the core SSCI dataset in WoS. It unveils research trends and contributions from key countries, institutions and authors. The study emphasizes three important themes: blockchain technology, cryptocurrency markets and central bank digital currencies. It is emphasized that the study of digital currencies has important theoretical and practical implications. Цель данного исследования изучить текущее состояние и будущие направления исследований в области цифровых валют. Для наукометрического анализа через Citespace в данном исследовании был выбран основной набор данных SSCI в WoS. В нем раскрываются тенденции исследований и вклад ключевых стран, учреждений и авторов. В исследовании выделены три важные темы: технология блокчейн, криптовалютные рынки и цифровые валюты центральных банков (CBDCs). Подчеркивается, что изучение цифровых валют имеет важные теоретические и практические значения.
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Santhosh and Kumar Raj. "Normalising the Digital Currency as an Innovation in Digital Banking Practice." East Asian Journal of Multidisciplinary Research 1, no. 6 (July 27, 2022): 1045–58. http://dx.doi.org/10.55927/eajmr.v1i6.689.
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Modern electronic payment systems by banks and other sectors have introduced the significant innovations in recent days. This paper covers, what would be the impact if the ‘Digital Currency’ is normalised as existing physical currency in banking and other transactions. That is involving digital currency in day-to-day transactions in e-payment as digital banking practice. Effect of Digital currency in the general economy, is it a boon or bane for the society? how the general public will get affected by this technological change in money. In the study we managed to collect the primary data from the general public from various localities of Karnataka and organized their opinion about the normalizing the digital currency.
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Ammi, Maryam. "العملات الرقمية." Security Policy Paper 2, no. 2 (December 31, 2021): 01–05. http://dx.doi.org/10.26735/ibbn7436.
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Harryarsana, I. Gusti Kade Budhi. "A COMPARISON OF REGULATION OF BITCOIN AS CRYPTO (DIGITAL) CURRENCY." UNTAG Law Review 6, no. 2 (November 26, 2022): 1. http://dx.doi.org/10.56444/ulrev.v6i2.3452.
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This study is a literature review study aims to compare government policies towards Bitcoin as a digital currency. The government policies studied were the policies of the American, British, Japanese and Indonesian. The data collected were the data of legislation and the results of previous studies. The results of this study found that each country has different policies regarding digital currencies. In America and Singapore, digital currency is considered property and only applies to some circles and areas. Meanwhile, Japan and Indonesia have the similar policy in which prohibiting the use of digital currency as a means of payment. However, this policy is still under review. This study concludes that every country continues to use conventional money as the main means of payment, although it is possible that there will be policy changes in the future. Currently, each country has also conducted special studies on digital currency because there is the possibility of using digital currency for money laundering crimes.
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Zharikov, Mikhail Vyacheslavovich. "Digital Money Options for the BRICS." International Journal of Financial Studies 11, no. 1 (March 2, 2023): 42. http://dx.doi.org/10.3390/ijfs11010042.
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The article is time relevant, since a number of countries, such as China and Russia, started pilot testing their digital currencies in 2020, due to the necessity of contactless means of payment during the coronavirus pandemic. The purpose of this research is to revisit the phenomenon of the virtual money. What is new here is that this is one of the first papers concentrated on a digital currency for a group of countries. The article offers an econometric representation of how the BRICS (Brazil, Russia, India, China and South Africa) currency may be utilized when hypothetically coined on a crypto-exchange of the BRICS monetary union. This research contains data condensed in a table and graphical form. The major idea of this article is that only a digital unit of account for a group of countries such as the BRICS, unlike a cryptocurrency, may help create a sustainable financial stability environment and solid monetary infrastructure. The author conducts a detailed analysis of a digital currency compared to a cryptocurrency. The hypothesis is that a shared digital currency for the BRICS may promote financial risk diversification through a risk-sharing mechanism. The author’s results include a formula that may provide a way of calculating the quantity of the BRICS’ digital currency, as well as a simulated representation of a would-be BRICS currency’s dynamics. The practical significance of this paper is that the proposed BRICS digital currency can find its use in investment portfolios as an asset. This asset may provide stable returns and benefit from the growth prospects of the BRICS economies as ones of the most rapidly developing markets in the world. Potential investors in the currency of the union may profit from the abundance of natural resources of Brazil, Russia, and South Africa in terms of energy and other minerals offered at the best world market prices, as well as the technology, labor, and durable goods of India and China priced at competitive valuations. The assets expressed in the BRICS currency have the potential of growing over the years, so a dollar invested today may turn an enormous return on investment within this decade, unlike stagnant markets in Europe, Japan, and the US. The author proves that a cryptocurrency cannot serve a shared currency function for the BRICS, and it stresses the very significance of circulating the shared digital currency in particular. Finally, the author simulates the dynamics of the BRICS’ digital currency and proposes an approach to calculating its exchange rate relative to some of the leading currencies in the international monetary system.
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Zhou, Zhaolin. "The Legal Path of Managing the Crime of Money Laundering in Digital Currency." Lecture Notes in Education Psychology and Public Media 17, no. 1 (October 26, 2023): 73–79. http://dx.doi.org/10.54254/2753-7048/17/20231217.
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The characteristics of decentralized anonymity of digital currency reduce todays financial crimes, especially the cost of money laundering crimes. Due to the relatively slow progress of Chinese research on digital currency, falling behind the current expansion trend of digital currency, there are many difficulties in governing digital currency crime. Therefore, the regulation of digital currency money laundering crime should start from the aspects of clarifying the legal attribute, introducing the standard judicial interpretation, and so on. The explosive growth of digital currency in 2017 has greatly reduced the cost of financial crimes of digital currency, seriously jeopardizing the economic order and peoples property security. Money laundering of digital currency is particularly rampant. Therefore, legal means should be adopted to regulate the application of digital currency in life.
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V. Veretekhina, Svetlana, Sergey V. Krapivka, and Olga I. Kireeva. "Digital University, Student ‘S Digital Footprint, Digital Education Currency in the System of Modern Higher Education." International Journal of Psychosocial Rehabilitation 24, no. 03 (February 19, 2020): 1878–89. http://dx.doi.org/10.37200/ijpr/v24i3/pr200936.
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Zainutdinova, Elizaveta. "Models of Legal Regulation of Digital Rights and Digital Currency Turnover." Legal Issues in the Digital Age 4, no. 1 (April 16, 2023): 93–122. http://dx.doi.org/10.17323/2713-2749.2023.1.93.122.
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Currently all countries form or are in process of forming rules of law regulating turnover of new digital objects of rights that are called differently as digital rights, tokens, digital assets, digital currency, and cryptocurrency. The difference in wording does not allow to develop common international approaches to the cross-border turnover of such new objects of rights. States are only looking for ways to regulate relations in the digital economy. To find optimal solutions, a comparative legal research is needed to evaluate models of regulation and find effective ways and means of response to the modern challenges. Aim of the research is to analyze models of legal regulation of the turnover of digital rights and digital currency and offer model of regulation that allow such objects of rights to be fully included in the Russian civil turnover. The following tasks are being solved: choice of jurisdictions and analysis of legal norms that regulate turnover in the field; formulation of regulative models of the turnover of digital rights and digital currency based on legislation, doctrine and law enforcement; study of measures and means of regulation used in various states; analysis of different points of researchers on regulation of relations in the digital economy in Russia and abroad; proposal to the legislator of measures and means of regulation, based on the chosen regulative model of the turnover of digital rights and digital currency. Such methods as comparative legal, formal legal, legal modeling methods were used to compare experience of various jurisdictions and formulate regulative models in need. Also general methods of synthesis, analysis, induction, deduction, comparison, analogy, etc. were used. The study showed that the approaches used in the legal regulation in the field differ both in terms of legal norms and in creation of institutions and conditions for functioning digital market. Models of the corresponding legal regulation also differ. States use both prohibitive model of turnover regulation (prohibition of their issuance and turnover), partially prohibitive (restrictions on the turnover of digital rights and digital currency), partially permissive (admission of turnover of digital rights and digital currency, subject to conditions — licensing, regulatory sandboxes, etc.) and permissive model (allowing the turnover of digital rights and digital currency to all market participants, subject to minimum requirements). Terms like cryptocurrency, tokens, crypto assets, digital assets are more popular abroad, while in Russia the concepts of digital rights and digital currency are used to refer to similar legal phenomena. It would be necessary to compare categories under consideration for the possibility of their use in supranational regulation, and cross-border relations, in order to be able to speak with representatives of other jurisdictions in the same language. From the foreign experience, attention of legislator should be drawn to the need and possibility of licensing in relation to participants in the digital market, as well as to the success of regulatory sandboxes in this area, for example in Britain. At the same time, when establishing law enforcement practice in Russia in the field, especially with participation of consumers, experience in US, Britain, Australia as well as the legal regulation of the crypto industry in Japan shall be considered.
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Shipika, L. V. "About digital financial assets digital currency: legislative developments." Право и государство: теория и практика, no. 7 (2021): 99–102. http://dx.doi.org/10.47643/1815-1337_2021_7_99.
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Mumu, Raul Galvin Rudolf, N. Nurchim, and Sri Sumarlinda. "FORECASTING CENTRAL BANK DIGITAL CURRENCY TERHADAP RUPIAH DIGITAL." IDEALIS : InDonEsiA journaL Information System 6, no. 2 (July 15, 2023): 65–74. http://dx.doi.org/10.36080/idealis.v6i2.3027.
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Munculnya mata uang digital sebagai hasil dari inovasi teknologi untuk mengurangi penggunaan uang tunai menghadirkan tantangan baru bagi pelaku ekonomi, termasuk bank sentral. Menyusul fenomena digitalisasi yang berkembang pesat, Bank Indonesia mengumumkanrencananya untuk segera menerbitkan Rupiah Digital sebagai Central Bank Digital Currency (CBDC). Pengembangan bank sentral ini bertujuan untuk menciptakan sistem pembayaran digital di Indonesia. Untuk mengatasi permasalahan tersebut, dilakukan penelitian menggunakan teknik data mining guna menemukan prediksi yang berguna. Proses data mining dilakukan dengan menerapkan metode Cross-Industry Standard Process for Data Mining (CRISP-DM) dan menggunakan algoritma regresi linear berganda. Data dikumpulkan selamaperiode 4tahun, mulai dari Januari 2019 hingga Februari 2023, yang diperoleh melalui website resmi dengan akses internet. Teknik regresi linear berganda digunakan untuk memprediksi hubungan antara 4 variabel, yaitu jumlah uang kartal yang diedarkan, nilai transaksi ATMcard and credit card, nilai transaksi uang elektronik, nilai transaksi SMS/mobile banking terhadap variabel Y yaitu analytical accounts of the central bank. Dari hasil penelitian, ditemukan bahwa keempat variabel tersebut memberikan kontribusi sebesar 79,8% terhadap variabel Y (analytical accounts of the central bank)
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He, Sirui. "Exploration of Gold Standard, Credit Currency and Digital Currency." Finance and Market 5, no. 4 (December 22, 2020): 316. http://dx.doi.org/10.18686/fm.v5i4.2962.
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<p>In the perspective of present monetary system, the author proposes that we should analyze the comprehensive effectiveness with the combination of the former gold standard system and diversified monetary systems, such as the credit currency and the digital currency, which are highlighted in this new era, and confirm the more complete digital currency policy according to present development status so as to promote the healthier and more reasonable and effective development of the monetary funds. In this paper, the author launches research and exploration with the combination of gold standard, credit currency and digital currency.</p>
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Neman Muradli, Neman Muradli, and Vafa Alizade Vafa Alizade. "THE FUTURE OF DIGITAL CURRENCY." PAHTEI-Procedings of Azerbaijan High Technical Educational Institutions 16, no. 05 (April 25, 2022): 130–35. http://dx.doi.org/10.36962/pahtei16052022-130.
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The Covid-19 crisis, or even the restrictions, quarantines, and lifestyle changes that it brought, occurred in the year 2020. Economic statistics mentioned the effects of the crisis. Stock exchanges around the world, for example, have experienced substantial collapses, leading in a drop in the value of various individuals' assets. During the Covid-19 crisis, this master's study attempts to understand the utility of cryptocurrencies for hedging and safe haven objectives. It's difficult to make consistent conclusions about the suitability of cryptocurrencies for hedging against financial market risks based on existing research. Previous results have varied greatly based on the model utilized, the time period, and the asset risk hedged. Usability for hedging purposes varies in general. In this study, we wrote an article based on the most popular cryptocurrencies in the world and their development mechanisms, history and other facts. The article also discusses the role and importance of cryptocurrencies as a means of payment in the future. Keywords: cryptocurrency, covid-19 crisis, bitcoin, ethereum, blockchain technology
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Ushakov, R. M., V. N. Gavrilov, M. S. Igoshkin, and T. Z. Tetradze. "Problems of digital currency inheritance." Право и государство: теория и практика, no. 2 (2022): 82–84. http://dx.doi.org/10.47643/1815-1337_2022_2_82.
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Chkhutiashvili, Lela V. "Digital currency accounting in healthcare." Buhuchet v zdravoohranenii (Accounting in Healthcare), no. 3 (March 22, 2022): 15–18. http://dx.doi.org/10.33920/med-17-2203-02.
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The article analyzes the digital currency as a modern challenge to the digital transformation of the Russian economy and the order of its reflection in accounting for healthcare institutions. The introduction of digital currency has a number of features, advantages of introduction: high speed of transactions, reduction of their cost, which is useful for both businesses and citizens, as well as a high level of security of currency transactions, since digital currency is created in the form of a digital code that cannot be forged, and can also be tracked by a specially assigned number. In addition, the digital ruble will allow operations to be carried out throughout Russia, even in remote areas, both online and offline, and competition will improve the quality of service by banks to their customers in healthcare institutions and increase the level of banking service.
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Yeoh, Peter. "The Global Digital Currency Brouhaha." Business Law Review 40, Issue 6 (November 1, 2019): 240–48. http://dx.doi.org/10.54648/bula2019032.
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This article traces the evolution of private currencies as they evolve as complementary currencies into global digital currencies, the latest of which being Facebook Libra. The focus is on the legal and regulatory perspective surrounding these private currencies.
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Sidorenko, E. "Digital Currency of Central Banks." International Trends / Mezhdunarodnye protsessy 19, no. 2 (2021): 151–65. http://dx.doi.org/10.17994/it.2021.19.2.65.8.
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The study provides a systematic analysis of central banks digital currencies (CBDC) as a new financial instrument. The main goal of the study was to review the CBDC economic development scenarios both domestically and internationally based on the assessment of the main features, advantages and risks of introducing this financial instrument into the modern monetary policy. The study considers the following three main characteristics of CBDC: a tool for domestic settlements, a single unit of account for the economic bloc of countries and a universal international digital currency. Each of these models was considered by the author in terms of the motivation of market participants, degree of readiness of the project and its compatibility with the existing financial system. Differentiation of models, depending on the payment architecture, the technological parameters and the implementation scale, allowed to conclude that currently there is no common understanding of the CBDC nature and economic advantages neither for individual countries nor for the international community as a whole. Noting the technological advantages of digitalization of the financial system, states are yet to answer the question of the CBDC implementation scale. Will it replace cash domestically or will it become a single international payment instrument? And are states ready today to consider such a possibility? The author concludes the study by substantiating the idea that in the next 3-5 years interest in the digital financial services sector will grow mainly in developing countries looking for a qualitative leap in the development of the digital financial services. As for the developed countries, those are neither objectively nor subjectively ready to change the already built and well-proven financial system, and therefore, given their weak interest in paradigm shifts, digital currency in the next 10 years will not be able to provide an alternative to the US dollar as a unit of international settlements. At the same time, there is a high probability of the CBDC development as a means of payment within the economic bloc of countries provided the unity of purpose of its participants.
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Van Hee, Kees, and Jacob Wijngaard. "A new digital currency system." Central European Review of Economics and Management 5, no. 4 (December 28, 2021): 33–60. http://dx.doi.org/10.29015/cerem.929.
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Aim: The aim of this paper is to describe the construction of a new system for digital currency governed by the central bank, Central Bank Digital Currency (CBDC). Although the system uses cryptography, it is a new alternative for crypto currency like the Bitcoin. Today there is a global discussion about the process of money creation by the commercial banks and the need for CBDC available for a broad public. There is almost no literature how such a system could be constructed. In this paper we fill this gap. The system we describe, uses modern cryptography that guarantees privacy on the one hand but that allows for traceability on the other hand. Also we consider the possibilities for new fintech initiatives and the new role of commercial banks.
Research methods: The research method can be classified as design research since we present a high-level model of the system as a proof-of concept. So it proofs that such a system is feasible in principle. It is expected that the paper contributes to the discussion on CBDC systems.
Conclusions: It is shown that it is indeed possible to design a CBDC system that is far more efficient than the well-known crypto currency systems. But the system uses one distributed system for transaction processing governed by the Central Bank or a trusted third party. This might be seen as a drawback but the system is performing only very elementary transactions that are easy to verify.
Originality: The approach is new. Although existing cryptography techniques are used, the system as such is a completely new alternative for CBDC.
Implications: The paper shows that a CBDC system is relatively easy to construct and so this paper could play a role in the transition to such a system in reality.
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Maulana, Algifanri, Anggia Dasa Putri, and Yulia. "Development of digital currency technology." Journal of Physics: Conference Series 1175 (March 2019): 012205. http://dx.doi.org/10.1088/1742-6596/1175/1/012205.
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Lu, Donna. "Facebook launches a digital currency." New Scientist 242, no. 3236 (June 2019): 11. http://dx.doi.org/10.1016/s0262-4079(19)31157-1.
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Balvers, Ronald J., and Bill McDonald. "Designing a global digital currency." Journal of International Money and Finance 111 (March 2021): 102317. http://dx.doi.org/10.1016/j.jimonfin.2020.102317.
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Horton, E., C. Parker, and L. Pharris. "Student perceptions of digital currency." International Journal of Business Management and Social Research 4, no. 2 (2018): 273–82. http://dx.doi.org/10.18801/ijbmsr.040218.30.
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Ebbage, A. "Banking on a digital currency." Engineering & Technology 17, no. 9 (October 1, 2022): 56–59. http://dx.doi.org/10.1049/et.2022.0912.
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Ivljanin, Ivan. "DIGITAL CURRENCY IN INTERNATIONAL TRADE." Revizor 25, no. 99 (November 19, 2022): 89–100. http://dx.doi.org/10.56362/rev2299089i.
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What led to the meteoric growth and popularity of cryptocurrencies, primarily Bitcoin? What concepts preceded the development of modern cryptocurrencies? What is blockchain and what is the architecture of different distributed public ledgers? What is the use value of digital money in everyday transactions and what is the use value in international trade exchange? This paper tries to answer the above questions and decipher the highly complex technical jargon that usually accompanies the topic of digital money.
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БАБАЕВА, А. Г., and А. С. ХАРЛАНОВ. "DIGITAL CURRENCY – PROSPECTS AND RISKS." Экономика и предпринимательство, no. 9(158) (November 18, 2023): 1445–48. http://dx.doi.org/10.34925/eip.2023.158.09.281.
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Возможности цифровой валюты включают быстрые и дешевые транзакции, отсутствие необходимости в посредниках, удобство использования и глобальную доступность. Криптовалюты также могут быть использованы для улучшения системы международных переводов, обеспечения финансового доступа и развития новых моделей бизнеса, таких как смарт-контракты. Исследование плюсов и минусов криптовалют позволит лучше понять, как использовать цифровую валюту эффективно и безопасно. В основе цифровых валют заложены криптографические правила для обеспечения стабильности и анонимности переводов. Такая специфика делает ее выгодной для использования различными акторами: государством, частным бизнесом, коммерческими банками, международными финансовыми институтами и домохозяйствами. The possibilities of digital currency include fast and cheap transactions, no need for intermediaries, ease of use and global availability. Cryptocurrencies can also be used to improve the system of international transfers, provide financial access and develop new business models, such as smart contracts. The study of the pros and cons of cryptocurrencies will allow you to better understand how to use digital currency effectively and safely. Digital currencies are based on cryptographic rules to ensure the stability and anonymity of transfers. This specificity makes it advantageous for use by various actors: the state, private business, commercial banks, international financial institutions and households.
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JUNHUA, WEI. "Studies Into the Potential Replacement of Swift with Digital Currency: Technology, Regulation, and the Market." Journal of Artificial Intelligence General science (JAIGS) ISSN:3006-4023 2, no. 1 (February 20, 2024): 1–320. http://dx.doi.org/10.60087/jaigs.v2i1.p320.
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With the rapid development of digital currency and blockchain technology, digital currency has attracted widespread attention as a new payment method. As a traditional cross-border payment and settlement method, SWIFT has significant advantages in its market position and technical capabilities. However, as a new payment method, digital currency has the advantages of speed, low cost, and no geographical restrictions, so it may become a substitute for SWIFT. This paper aims to study the possibility of a digital currency replacing SWIFT, focusing on the challenges and opportunities of digital currency in terms of technology, regulation, and market. In terms of technology, this paper would analyze the advantages and disadvantages of digital currency and blockchain technology and explore the technical application of digital currency in cross-border payment and settlement. In addition, this paper would also analyze technical issues, such as the security and scalability of digital currency, and propose corresponding solutions. In terms of regulation, this paper would analyze the regulatory framework and compliance requirements of digital currencies and the status and role of digital currencies in the international financial regulatory system. This paper would also explore the regulatory and compliance issues of digital currency and propose suggestions and solutions for digital currency regulation. In terms of market, this paper would analyze the competitiveness and application potential of digital currency in the international trade and cross-border payment markets, as well as the market prospect and business model of digital currency. In addition, this paper would also analyze the advantages and disadvantages of digital currency and traditional payment methods, as well as the challenges of digital currency in marketing and application. Through the analysis and discussion of technology, regulation, and the market, this paper aims to provide a theoretical and practical basis for digital currency to replace SWIFT and a reference for relevant policy formulation and practice. This paper provides a comprehensive and in-depth analysis and research on the possibility of a digital currency replacing SWIFT, covering technical, regulatory, and market issues. The structure of the thesis is clear, the logic is rigorous, the argument is clear, and it has innovation and practical value. This paper has important theoretical and practical significance in the continuous development and application of digital currency and blockchain technology. It has specific references and inspiration for research and practice in related fields.
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Zambalaeva, Tuyana B., and Chen Yang. "The impact of digital currency on the activities of digital platforms." SHS Web of Conferences 80 (2020): 01022. http://dx.doi.org/10.1051/shsconf/20208001022.
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The article discusses the impact of digital currency on the activities of platform companies. Companies use digital platforms to improve their efficiency, build relationships between customers and the company itself, while reducing costs. The aim of the work is to determine the prospects for digital currency both on platforms and in the financial sector. It was determined that digital currencies guarantee a secure payment environment for transactions, the cost of creating the currencies themselves is low in relation to paper banknotes. Hence, the introduction of a digital currency could bring about fundamental changes in the architecture of many areas.
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Prajapati, Suraj. "A Critical Review on Future Trends of Digital Currency." INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT 08, no. 04 (April 13, 2024): 1–5. http://dx.doi.org/10.55041/ijsrem30687.
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In today's world, digital currency has become the most important part of our lives. Banks, the financial sector, and governments are encouraging digital currency exchange, and other online digital money has the potential to transform the financial sector. Through my research on digital currency, I will outline advantages, threats, and possible issues associated with it. When we talk about digital currency, it means more than just currencies. Cryptocurrencies are a part of digital currency. Digital currency includes various forms like cryptocurrencies, virtual currencies, and central bank digital currencies (CBDC). When Bitcoin started in 2009, it caught the interest of tech fans and curious people. A country's Central Bank issues Central Bank Digital Currency (CBDC), which represents a digital form of currency. Unlike cryptocurrencies like Bitcoin, CBDCs are usually supported by the governments and recognized as lawful tender. They represent a digital version of a nation’s official currency, and their purpose is to provide a digital alternative to physical cash but with any opportunity come risks like price uncertainty, Cybersecurity, etc. In December 2023, the Unified Payments interface (UPI) achieved a significant milestone, with over 1,200 crores transactions valued at more than 18 lakh corers, marking a peak in both transaction count and value [1]. Keywords: Cryptocurrency, Banks, Digital currency, CBDC, Bitcoin, Cybersecurity, Unified Payments Interface (UPI).
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Saxena, Vipin, and Pawan Kumar. "Secure Transaction of Digital Currency through Fuzzy Based Cryptography." Indian Journal Of Science And Technology 16, no. 37 (October 9, 2023): 3148–58. http://dx.doi.org/10.17485/ijst/v16i37.1453.
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Kaigorodova, Olga. "Addressing the Question of Seizing Digital Financial Assets, Digital Currency." Siberian Criminal Process and Criminalistic Readings, no. 1 (35) (April 11, 2022): 43–52. http://dx.doi.org/10.17150/2411-6122.2022.1.43-52.
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Digital financial assets, digital currency have become a part of our lives. They were legalized by the Federal Law of July, 31 2020 № 259-ФЗ “On Digital Financial Assets, Digital Currency and the Introduction of Amendments to Some Legislative Acts of the Russian Federation”. However, alongside the positive aspects of advances in digitization, this phenomenon has also got is downside. Digital financial assets, digital currency have become not only a means of payment and capitalization of accounts, but also the objects of criminal infringements. They can be used to pay for illegal actions and to purchase objects whose civil circulation is restricted, which makes it necessary to address the question of seizing digital financial assets and digital currencies in criminal proceedings.
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He, Hao. "Research on the Regulatory System of Digital Currency under the Background of Digital Finance." BCP Business & Management 49 (August 16, 2023): 91–95. http://dx.doi.org/10.54691/bcpbm.v49i.5395.
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From the perspective of the composition of the world financial system, the emergence and development of digital finance are closely related to information technology, especially artificial intelligence, big data, blockchain, Internet of Things and other technologies, which have transformed the traditional financial system from a "credit" framework to a "data"-based digital financial business model. Digital currency lacks unified industry standards and mature policy supervision, and its advantages of no geographical restrictions and anonymity of transactions are easily seized by criminals and become an important way to escape investigation. Therefore, it is necessary to recognize the practical difficulties in the supply-side reform of the financial system, analyze its potential risks around the encrypted digital currency, and put forward regulatory suggestions from the perspective of improving the regulatory mechanism. In this regard, this paper analyzes the operating characteristics of various digital currency and the contingent risk factors in the development of digital currency. Combined with the operational characteristics of digital currency, the central bank of China, this paper constructs the supervision system of digital currency, and puts forward some supervision thoughts on digital financial products and blockchain risk management.
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Pan, Guangxin, Tianfeng Guo, and Junjie Xia. "On the Development Status and Strategy of Digital Currency of the Central Bank of China." Finance and Market 5, no. 4 (December 22, 2020): 328. http://dx.doi.org/10.18686/fm.v5i4.2967.
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<p> With the gradual rise of financial science and technology, the traditional currency tends to be eliminated due to various limitations. Digital currency technology based on block chain technology emerges as the times require. With the gradual deepening of the research on legal digital currency by the central bank, the implementation of legal digital currency will be the inevitable choice of China’s economic development, and also the inevitable requirement of complying with the trend of economic globalization and informatization. This paper studies the development status of digital currency at home and abroad and the importance of central bank issuing digital currency, and analyzes the main causes of the risk problems of circulation environment, laws and regulations, financial system and technical system faced by the Central Bank of China in promoting digital currency, including the implementation of laws and regulations, protection of users’ rights and interests, establishment of monitoring and analysis department, promotion of digital currency, etc. This paper puts forward specific measures and suggestions for the central bank to issue digital currency.</p>
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Goncharov, Alexander, Andrey Sadkov, Vitaly Sadkov, and Davud Davudov. "Digital Currency in Modern Russia: Legal Essence and Place in Turnover." Legal Issues in the Digital Age 4, no. 2 (July 28, 2023): 4–25. http://dx.doi.org/10.17323/2713-2749.2023.2.4.25.
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The information society of our time is characterized by large-scale and intensive use of computer technologies in most areas of economic relations. Many procedures of interaction between people and business entities are computerized and digitized. Remote technologies used on the Internet allow groups of people, in particular, to perform mathematical calculations and use the data obtained in the interests of participants in such collective calculations. The totality of such electronic data in the Russian Federation is legitimized as a digital currency. The legal content and place of digital currency in property turnover and the system of its state regulation seems to be an actual object of research and development. The article solves the following tasks based on the study of domestic legislation and academic publications: the legal content of digital currency as encrypted information and the type of other property is substantiated; legislative constructions providing for the functioning of digital currency as a means of payment and investment are analyzed; qualitative features of digital currency inherent in the object of civil rights are identified. Digital currency is studied as a set of electronic data and information, the author’s definition of digital currency is presented. Digital currency in circulation is disclosed as encrypted information, settlement and exchange equivalent and investment asset. The fallacy of the legislative recognition of digital currency as a means of payment is argued. The legal constructions on the possibility of using digital currency as an investment are critically evaluated. The features of turnover and the development of regulatory regulation of digital currency in the Russian legal order are analyzed. A legal analysis of the parliamentary bill on the “mining” of digital currencies is being carried out. The essence is substantiated; the definition of activities aimed at obtaining digital currencies by mathematical calculations on private computers is formulated. Digital currency is considered as a kind of other property, the conclusion is made about the possibility of recognizing the “coin” of digital currency as an object of civil rights. The article examines the modern doctrinal developments of mainly Russian researchers on the subject of exploration, as well as encyclopedic and normative sources. Proposals are being made to improve the legal regulation of public relations in the field of property turnover of digital currency.
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You, Ruixiang. "A New Dimension in the World Economy - Fiat Digital Currencies: A Review." BCP Business & Management 30 (October 24, 2022): 705–11. http://dx.doi.org/10.54691/bcpbm.v30i.2520.
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In an international economic situation in a hyperinflationary environment, the competition for international digital currencies is becoming increasingly intense. The Federal Reserve released its first study on the US central bank's digital currency in early 2022 and China's digital RMB pilot has expanded to 23 regions in 15 provinces and cities... In today's highly digitalized world, the development of a legal digital currency will have a profound impact on national monetary systems, the development of international standards for central bank digital currencies and even the global monetary landscape and is worthy of focused attention and in-depth study. This paper summarizes the development and application of legal digital currency and its limitations at the present stage by combing and analyzing the legal digital currency research literature from CNKI, with a view to providing reference for legal digital currency to better support the innovative development of digital economy, finding a new direction for better development of digital currency and providing a prospect for the internationalization of legal digital currency.
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AVCI, İsa. "Dijital Para Birimlerinde Veri Güvenliği Ve Siber Saldırı Yöntemlerinin Analizi." Mühendislik Bilimleri ve Tasarım Dergisi 10, no. 3 (September 30, 2022): 1000–1013. http://dx.doi.org/10.21923/jesd.978517.
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With the rapid development of technology in recent years, digital data in information technology has become an indispensable area of life. The use of digital data services in our daily lives has become inevitable. Money transactions, purchases, and money transfers are made by banks and users every day. With the transition from paper systems to digital systems, the number of users is increasing day by day, but there are security concerns about these systems. In modern technologies, the possibility of information theft, the risk of cyber-attack, and the fear of breaches are constantly being worried about financial losses. Since such digital currency transactions carry the personal data and privacy of users, everyone needs to complete the correct transactions reliably. Due to the great importance of financial transactions and digital currencies in daily life, this article explains the features of digital currency and how to prevent counterfeiting. It will also analyze what tools are safe to use in a cryptocurrency. The risks that the algorithm mechanisms used in these processes can handle are examined and security problems are explained. In addition, security methods, algorithms, digital currency cyber-attack methods, and security measures of crypto money are examined.
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Narayanan, Hariharan. "IS FUTURE A RULE OF DIGITAL CURRENCY???" International Journal of Research -GRANTHAALAYAH 8, no. 8 (August 25, 2020): 96–106. http://dx.doi.org/10.29121/granthaalayah.v8.i8.2020.935.
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Digital Currency (DC) is a form of currency that is available in digital or electronic form and not in physical form. Digitalization has remodeled money and payments systems. Although digital money itself is not new to modern economies, digital currencies now facilitate spontaneous peer-to-peer transfers of value in a way that was formerly impossible. Digital currency has already materialized in a variety of contexts. Digital Currency is an extent put away in a dispersed database on the Internet. This study is toted with the objective to highlight the concept of digital currency, its various forms, evolution and growth, global impact, impact during COVID-19 and the future of digital currency. This is an historical descriptive study which flashes the opinions given by distinctive researchers and disparate financial consultants and central banks.
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Dötsch, Jörg J., and Tamás Ginter. "Complementing Money Functions: Central Bank Digital Currencies and Currency Competition." Financial and Economic Review 23, no. 1 (2024): 50–75. http://dx.doi.org/10.33893/fer.23.1.50.
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Central bank digital currencies (CBDCs) are currently one of the most vital issues in monetary policy worldwide. While several aspects of the emergence of digital currencies have been addressed in the respective literature, little focus has been directed to one important underlying parameter: the new role of technology in the digital age, which complements the traditional money functions and hence may exert an effect on currency competition. In this paper, we first provide an overview of money functions, currency competition and digital money. We then state that with the emergence of CBDCs, technology has become a new and important functional parameter born by the CBDC itself. We conclude that while technological competition has arisen as a factor of currency competition, stability remains its most decisive factor.
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Mohammed, Medina Ayta, Carmen De-Pablos-Heredero, and José Luis Montes Botella. "Exploring the Factors Affecting Countries’ Adoption of Blockchain-Enabled Central Bank Digital Currencies." Future Internet 15, no. 10 (September 28, 2023): 321. http://dx.doi.org/10.3390/fi15100321.
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Central bank-issued digital currencies have sparked significant interest and are currently the subject of extensive research, owing to their potential for rapid settlement, low fees, accessibility, and automated monetary policies. However, central bank digital currencies are still in their infancy and the levels of adoption vary significantly between nations, with a few countries seeing widespread adoption. We used partial least squares structural equation modeling to investigate the nonlinear relationship between key national development indicators and central bank digital deployment across 67 countries. We explore the technological, environmental, legal, and economic factors that affect central bank digital currency adoption by country. We found a statistically significant and positive correlation between countries’ central bank digital currency adoption status and a country’s level of democracy and public confidence in governance, and a negative association between regulatory quality and income inequality. There was no significant association between countries’ central bank digital currency adoption status and their level of network readiness, foreign exchange reserves, and sustainable development goal rank. Thus, we posit that a country that is highly democratic and has good governance adopts central bank digital currencies more readily than others. Based on our findings, we suggested areas for additional research and highlighted policy considerations related to the wider adoption of central bank digital currency.
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Adamu AHMED, Aminu, Alhaji Adamu SAIDU, and Jibril Hussein KAWURE. "The Roles of Central Bank Digital Currency over Physical Currency." International Journal of Social Science, Education, Communication and Economics (SINOMICS JOURNAL) 1, no. 2 (May 28, 2022): 75–92. http://dx.doi.org/10.54443/sj.v1i2.10.
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The technology and innovation are the keys used to unlocked impossible imaginations to become possible towards achieving unexpected individual and organizational desired objectives. This study focused on the roles of unprecedented phenomenon called central bank digital currency (CBDC) over physical currency. Initially, the total of 146 articles from various research databases ranging from the year 2018 to 2021 were downloaded. However, 35 articles were reviewed from the total articles downloaded and selected as the study sample size by meeting the title, abstract and contents criteria. Furthermore, the results of this study employed systematic literature review (SLR) to explain in details why CBDC should be chosen and how it supersede the traditional physical currency based on individual and organizational perspectives. The study assesses the roles of CBDC based on three parameters such as features, perceived benefits and challenges of both CBDC and Physical Currency. It also revealed that CBDC can replaces the use of physical currency depends only on how people, businesses perceive the features, benefits (better allocation, accessibility, interest bearing, convertibility and cost reduction) and possible challenges (reverse of the benefits) associated with CBDC compare to it counterpart.
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Ridwansyah, Mohd Shahril Ahmad Razimi, Ersi Sisdianto, and Okta Suprianingsih. "Central Bank Digital Currency (CBDC): An Innovation in E-Payment for Socio-Entrepreneurship." PaperASIA 40, no. 2b (April 29, 2024): 93–104. http://dx.doi.org/10.59953/paperasia.v40i2b.73.
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The quantity of electronic currency in circulation within the community experienced a substantial increase between 2017 and 2022. However, the quantity of electronic currency in circulation in 2021 has declined compared to 2020 and 2022. Furthermore, the emergence of central bank digital currency (CBDC) as a digital currency has problems that cannot be avoided; these problems arise from policies or regulations and understanding of the public and business people and are related to the security of digital currency users. The Bank of Indonesia deems it imperative to address this by implementing suitable policies. The policy encompasses digital payments and financial services, including Central Bank Digital Currency (CBDC). Central banks worldwide are encouraged to develop Central Bank Digital Currency (CBDC) to enhance monetary policy effectiveness. The objective is to guarantee financial stability and enhance the effectiveness and resilience of the payment system. This study aims to examine the concept of Central Bank Digital Currency (CBDC) as a novel electronic payment tool for social entrepreneurs. The research approach employed in this study was descriptive qualitative with data forecasting. The findings of this study indicate that Central Bank Digital Currency (CBDC) has the potential to be utilized as a payment instrument by social entrepreneurs.
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Gilang Prayoga, Agung, and Nanang Nanang. "Perlindungan Hukum Bagi Investor Pada Transaksi Aset Mata Uang Digital Cryptocurrency Di Indonesia." WELFARE STATE Jurnal Hukum 1, no. 2 (October 28, 2022): 217–38. http://dx.doi.org/10.56013/welfarestate.v1i2.1683.
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Cryptocurrency or crypto currency is a digital currency that uses an encryption system and there are various forms of this digital currency spread all over the world. In Indonesia, people are starting to use Cryptocurrencies and not a few have become investors through this digital currency. The first problem How is the existence of cryptocurrency as a digital currency in Indonesia? Second, how is the legal power of cryptocurrency in Indonesia. This research method uses normative legal research methods. The result of the first discussion is that the existence of Cryptocurrency or cryptocurrencies only applies to the trading sector and is only recognized by Bappepti. The result of the second discussion is that cryptocurrency digital currency cannot be used as a legal currency because it does not meet the elements as a legal currency in Indonesia.