A Cryptocurrency Spectrum Short Analysis

Mircea Constantin Șcheau, Simona Liliana Crăciunescu, Iulia Brici and Monica Violeta Achim
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Mircea Constantin Șcheau: Faculty of Automation, Computers and Electronics, University of Craiova, 200585 Craiova, Romania
Simona Liliana Crăciunescu: Simona Liliana Crăciunescu, The Bucharest University of Economic Studies, 010374 Bucharest, Romania
Iulia Brici: Faculty of Economics and Business Administration, Babeș-Bolyai University, 400591 Cluj-Napoca, Romania
Monica Violeta Achim: Faculty of Economics and Business Administration, Babeș-Bolyai University, 400591 Cluj-Napoca, Romania

JRFM, 2020, vol. 13, issue 8, 1-16

Abstract: Technological development brings about economic changes that affect most citizens, both in developed and undeveloped countries. The implementation of blockchain technologies that bring cryptocurrencies into the economy and everyday life also induce risks. Authorities are continuously concerned about ensuring balance, which is, among other things, a prudent attitude. Achieving this goal sometimes requires the development of standards and regulations applicable at the national or global level. This paper attempts to dive deeper into the worldwide operations, related to cryptocurrencies, as part of a general phenomenon, and also expose some of the intersections with cybercrime. Without impeding creativity, implementing suggested proposals must comply with the rules in effect and provide sufficient flexibility for adapting and integrating them. Different segments need to align or reposition, as alteration is only allowed in a positive way. Adopting cryptocurrency decisions should be unitary, based on standard policies.

Keywords: cryptocurrencies; fraud; algorithms; correlations; impact; risks; regulation; blockchain (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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