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On the Value of Virtual Currencies [PDF]

open access: yesSSRN Electronic Journal, 2016
AbstractOur economic framework suggests that the exchange rate of virtual currency is determined by three components. First, the current value of transactions in virtual currency which absorb part of the exchange rate risk. Second, the decisions and expectations of forward‐looking investors to buy virtual currency (thereby effectively regulating its ...
Bolt, Wilko, van Oordt, Maarten
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Issues in Regulating Virtual Currencies

open access: yesEconomic policy, 2022
The Russian federal legislation on digital financial assets and digital currency (Law No. 259-FZ dated July 31, 2021) makes provision for additional federal acts regulating the issuance and circulation of private virtual currencies in Russia. The Ministry of Finance has proposed positive (non-prohibitive) regulation, while the Bank of Russia has ...
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Virtual Currency, Not a Currency?

open access: yesSSRN Electronic Journal, 2016
With public interest in Bitcoin and other virtual currencies continuing to grow, the question of whether virtual currencies are regulated at the Federal level has arisen. The Commodity Futures Trading Commission, in particular, has been aggressive in asserting its regulatory authority over a broad swath of activities and transactions involving virtual ...
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The Virtual Currency Schemes

open access: yes, 2023
AbstractThis chapter starts in Sect. 3.2 by discussing the different virtual currency schemes currently in existence in virtual environments. It will analyse the different currency schemes in relation to the physical economy. Based on this analysis this chapter continues in Sect. 3.3 by discussing the currency schemes in the Metaverse.
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Ubiquitous Virtual Currency

open access: yesIOSR Journal of Computer Engineering, 2013
The whole finance of the world revolves around currency. It may be physical or digital. Currency functions as a unit of account providing a common measure of goods and services being exchanged. The enormous use of paper currency has resulted in deforestation, which is leading to ecological imbalance.
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Legal Mode of Virtual Currency (Crypt Currency) in Ukraine

open access: yesPath of Science, 2020
The article deals with legal issues of virtual currency (cryptocurrency) in Ukraine. It describes its current legal status and legal regime, further ways of development and formation of a new regulatory environment. The trends in the cryptocurrency market, capitalization of major cryptocurrencies have been reviewed.
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