THE USE OF CRYPTOCURRENCIES AS SETTLEMENT TOOLS IN INTERNATIONAL TRADE: ECONOMIC AND ACCOUNTING PERSPECTIVES FOR ROMANIAN COMPANIES

Craitar Adriana
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Craitar Adriana: UNIVERSITY OF CRAIOVA, FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION, CRAIOVA, ROMANIA

Annals - Economy Series, 2025, vol. 4, 189-195

Abstract: The present paper aims to explore the applicability of cryptocurrencies as settlement tools in international trade operations between companies in the European Union, with a particular focus on Romania. It addresses both the economic potential of blockchain-based payment mechanisms and the accounting implications arising from the lack of unified regulation. The study emphasizes the need for harmonized frameworks, while outlining the advantages, risks, and current limitations companies face when adopting cryptocurrencies in external trade.

Keywords: cryptocurrency; international trade; settlement instruments; accounting treatment; blockchain; financial reporting (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2025:v:4:p:189-195

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