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Bitcoin: Medium of Exchange or Speculative Asset?

Author

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  • Ioana Raluca DIACONU

    (Alexandru Ioan Cuza University of Iași)

Abstract

In this article we set out to make an incursion into the specialized literature with the aim of establishing how the term cryptocurrency is defined, presenting approaches from the legislation specific to this field, as well as the direction in which humanity is heading in the process of globalization and modernization. We therefore considered synthesizing the aspects contained in the specialized literature by emphasizing the opportunities and challenges identified by the development of the crypto market. We can highlight that the sphere of cryptocurrencies is not yet sufficiently regulated, the measures and laws adopted regarding them are punctual, but not adapted to the specifics of the technology.

Suggested Citation

  • Ioana Raluca DIACONU, 2022. "Bitcoin: Medium of Exchange or Speculative Asset?," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(24), pages 72-82, November.
    • Handle: RePEc:aio:fpvfcf:v:1:y:2022:i:24:p:72-82
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    cryptocurrency; blockchain; fiscal treatment; regulation; central bank;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • F30 - International Economics - - International Finance - - - General

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