VIRTUAL CURRENCY AND GLOBAL BUSINESS - THE NEW TREND IN THE NET-ECONOMY
Authors
- Cătălin DUMITRESCU — Athenaeum University, Bucharest, Romania
- Matei DUMITRESCU — Department FABIZ, University of Economic Studies, Romania
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.
Keywords: Blockchain, Ledger Technology, Bitcoin, ETH, cryptocurrency, cryptography, technology, digital
Cite this article
APA: Cătălin DUMITRESCU, Matei DUMITRESCU (2020). VIRTUAL CURRENCY AND GLOBAL BUSINESS - THE NEW TREND IN THE NET-ECONOMY. Internal Auditing & Risk Management, Vol. 58, No. 58, pp. 22-32. https://doi.org/10.5281/zenodo.3923203
BibTeX:
@article{ctlindumitrescu2020122,
title = {VIRTUAL CURRENCY AND GLOBAL BUSINESS - THE NEW TREND IN THE NET-ECONOMY},
author = {Cătălin DUMITRESCU and Matei DUMITRESCU},
journal = {Internal Auditing & Risk Management},
year = {2020},
volume = {58},
pages = {22----32},
doi = {10.5281/zenodo.3923203}
}