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Virtual Currencies as Commodities

2018
The rapid advancement in encryption and network computing gave birth to new tools and products that have influenced the local and global economy alike. One recent and notable example is the emergence of virtual currencies, also known as cryptocurrencies or digital currencies.
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VIRTUAL CURRENCY OF A VIRTUAL ECONOMY

Labour and Social Relations Journal, 2020
Manir Saidovich Khalikov   +1 more
openaire   +1 more source

Bitcoin as a virtual currency [PDF]

open access: possible, 2015
The aim of this article is to show the position of Bitcoin among virtual currencies. On the basis of the reports published by the European Central Bank and The Financial Action Task Force, as well as the available Internet and primary sources, there have been presented the types and the history of virtual currencies, the way in which Bitcoin functions ...
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Bitcoin Decentralized Virtual Currency

2014
Bitcoin was created as an electronic version of cash. The decentralized currency is revolutionary for its use of a distributed ledger. Rather than a central ledger held by a third party requiring trust of that third party, Bitcoin distributes that ledger to all users and removes the need for a third-party intermediary.
openaire   +2 more sources

Monetary theory reversed: Virtual currency issuance and the inflation tax

Journal of International Money and Finance, 2021
Luca Marchiori
exaly  

Are on-line currencies virtual banknotes? [PDF]

open access: possible, 2003
The history of money is marked by innovations that have expanded the role of "inside money"-money created by the private sector. For instance, the past few years have seen the development of several types of on-line payment arrangements, some of which have been dubbed "on-line currencies." ; This article examines the likely success or failure of on ...
Stephen F. Quinn, William Roberds
openaire  

Federal Regulation of Virtual Currencies

2018
We examine how the U.S. federal government, which initially was slow in examining and prosecuting violations of law brought about by the misuse of virtual currencies, has now taken aggressive action against parties who either deliberately or carelessly act in violation of the rights of users and customers. We examine the role of the U.S. Securities and
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Inflation of virtual currencies

2009
This papers examines formation of prices in virtual economy World of Warcraft, and its interconnection with real economy through Real Money Trade - exchange of in-game currency for real cash. Paper nds, that WoW economy is heavily leveraged through this channel, namely that it determines price level within the game.
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