Cryptocurrencies: An etymological approach

Authors

Keywords:

Digital currencies, Cryptocurrencies, Central bank digital currencies (CBDCs)

Abstract

This study aims to elucidate the concept of digital currencies, encompassing both cryptocurrencies and central bank digital currencies (CBDCs), and to analyze the distinctive characteristics of each type. Additionally, the study explores the impact of these currencies on the global economic system. Recent widespread adoption of digital currencies, which have not been subjected to any regulatory or monetary authority, presents potential risks to global economies. The study concludes that, based on an examination of digital currency concepts, it is essential to develop a model for issuing central bank digital currencies that aligns with the specific characteristics of each economy, given that their emergence has become an inevitable result of monetary developments.

References

Ahmad Hisham Al-Najjar. Virtual Currencies. Amman: Dar Al-Nafaes, 2019.

Abdullah bin Salman bin Abdulaziz. "Virtual Money: Its Concept and Economic Effects." Scientific Journal of Commerce and Economics, Ain Shams University, 2017.

United Nations General Assembly, Seventy-Fourth Session. "Combating the Use of Information and Communications Technology for Criminal Purposes." July 30, 2019. Accessed May 10, 2010. https://www.undoc.org.

Bank for International Settlements. "Digital Currencies and the Future of the Monetary System." Hoover Institution Policy Seminar. Basel, January 27, 2021.

Bank for International Settlements. "Statistics on Payment, Clearing and Settlement Systems in the CPSS Countries." January 4, 2013. Accessed May 2, 2021. https://www.bis.org/cpmi/publ/d107.htm.

Bank for International Settlements. "The Money Flower with Selected Examples." September 17, 2017. Accessed June 16, 2021. https://www.bis.org.

Published

2024-09-07

How to Cite

Chikh, F. (2024). Cryptocurrencies: An etymological approach. International Journal of Economic Perspectives, 18(7), 1057–1064. Retrieved from http://ijeponline.org/index.php/journal/article/view/613

Issue

Section

Peer Review Articles