Virtual currencies began creating controversy soon after their launch. The nature of virtual
currencies is difficult to apprehend, the underlying technology is complicated, their …

Speculation on Bitcoin, the evolution of money in the digital age, and the underlying
blockchain technology are attracting growing interest. In the context of the Eurosystem, this …

In connection with the growing popularity of the use of virtual currency and with risks
associated with its use raises the need of the European Union regulation. The group of …

In a modern market economy, money is used to pay for goods and services, either in the
form of cash, ie banknotes or coins that are transferred directly from the buyer to the seller, or …

Bitcoin has been described as a decentralised virtual currency. Virtual currencies, such as
bitcoins, are a form of money and a payment system. However, being a decentralised …

“Virtual currencies are a digital representation of value that is neither issued by a central
bank or a public authority, nor necessarily attached to a fiat currency, but is accepted by …

Virtual currencies are a contemporary form of private money. Thanks to their technological
properties, their global transaction networks are relatively safe, transparent, and fast. This …

The potential societal benefits of virtual currencies include mobile banking systems in
developing countries, decreased transaction costs to merchants, and elimination of fees …

This paper uses a theoretical model to analyse the dynamic relationship of virtual currency
with fiat currency. The model demonstrates that the price impact of potential users and …

Described as a technology with “world-changing” promise, Bitcoin has also been derided as
a “virtual Wild West for narcotraffickers and other criminals.” The debate over the long-term …