ASPECTS OF FISCAL TRANSPERANCIES ON CRYPTOCURRENCY MARKET IN 2024

Edith Mihaela Dobrescu and Emilian M. Dobrescu
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Edith Mihaela Dobrescu: Institute for World Economy, N.I.E.R., Romanian Academy, Bucharest, Romania
Emilian M. Dobrescu: Academy of Scientists, Bucharest, Romania

Journal of Financial and Monetary Economics, 2024, vol. 12, issue 1, 28-34

Abstract: In the year 2024, cryptocurrencies have proven to be digital assets with a pronounced economic potential, many cryptocurrencies have experienced rapid growth and rapid declines, some countries have banned cryptocurrencies, others have allowed their citizens to trade them. The US Securities and Exchange Commission (SEC) announced on January 10, 2024 that it has approved the listing and trading of 11 open-end Bitcoin investment funds, a much-anticipated move in the crypto market. The European Central Bank (ECB) still does not approve the activity of cryptocurrency trading platforms, and several countries, including India, Romania and Turkey, have banned the circulation of cryptocurrencies on their territory. The paper analyzes the problem of the fiscal transparency evolutions of the cryptocurrency market in the period of first nine month of the 2024 year with the objective to highlighting the changes on this market.

Keywords: digital assets; cryptocurrency/digital currency; Bitcoin ETF; Bitcoin ETP; crypto industry; reverse solicitation (search for similar items in EconPapers)
JEL-codes: E42 E44 F38 (search for similar items in EconPapers)
Date: 2024
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