THE BITCOIN ECONOMY, AN ANTI - CRISIS REMEDY?

Catalina Cozmei and Florentin Caloian

Revista Economica, 2012, vol. Supplement, issue 4, 156-163

Abstract: The explosion and crisis of the financial markets, the increasing variety of economic transactions and higher levels of risk and uncertainty are the cardinal vectors in outlining the new economic landscape, where the value of the physical currencies is weaker than ever. In this ecosystem, the deployment of a digital currency has became a reality.This article looks more in-depth at Bitcoin economy in order to dissipate the illusions of this innovative monetary technology, ruled by a lot of speculation and few hard data. Moreover, it unveils the potential tax issues raised by this dematerialised form of money.

Date: 2012
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