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Crypto and digital currencies - will governments allow these forms of new payments?

Author

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  • Ciel Man

    (West University of Timisoara, Timisoara, Romania)

Abstract

Since the 2010s cryptocurrencies have started to acquire a popularity never seen before, influencing the way the general population, investors, and governments treat investments. It is no surprise that central banks are pursuing their own digital currency in order to boost the security of transactions and reduce counterfeiting. Throughout this paper, we are going to analyze and compare the market valuation of the ten most valuable cryptocurrencies and explain if it is possible that one of them could become a viable and widely used currency in the future. Additionally, we are going to examine the central banks that will pursue their own digital currency and the reasons as of why they chose to venture into this new uncharted technology.

Suggested Citation

  • Ciel Man, 2023. "Crypto and digital currencies - will governments allow these forms of new payments?," Journal of Financial Studies, Institute of Financial Studies, vol. 8(14), pages 54-67, May.
    • Handle: RePEc:fst:rfsisf:v:8:y:2023:i:14:p:54-67
    DOI: 10.55654/JFS.2023.8.14.4
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    References listed on IDEAS

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    2. Lawrence H. White, 2014. "The Troubling Suppression of Competition from Alternative Monies: The Cases of the Liberty Dollar and E-gold," Cato Journal, Cato Journal, Cato Institute, vol. 34(2), pages 281-301, Spring/Su.
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    More about this item

    Keywords

    cryptocurrency; digital currencies; market valuation; central banks.;
    All these keywords.

    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • G1 - Financial Economics - - General Financial Markets
    • N1 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations

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