Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/227640
Authors: 
Dabrowski, Marek
Janikowski, Lukasz
Year of Publication: 
2018
Series/Report no.: 
CASE Reports No. 495
Abstract: 
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 gives them good prospects for further development. However, they remain unlikely to challenge the dominant position of sovereign currencies and central banks, especially those in major currency areas. As with other innovations, virtual currencies pose a challenge to financial regulators, in particular because of their anonymity and trans-border character.
Subjects: 
virtual currency
private money
sovereign currency
free banking
monetary policy
central bank
financial regulation
financial market
currency substitution
JEL: 
E42
E58
F31
G18
G28
N21
N23
ISBN: 
978-83-7178-673-0
Document Type: 
Research Report

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