Kontroversi Mata Uang Digital

The Controversies of Digital Currency

Muhammad Nizar

MPRA Paper from University Library of Munich, Germany

Abstract: This paper aims to examine the main points of the emergence of controversies regarding digital currencies. By using secondary data and qualitative-descriptive analysis, it was found that digital currency cannot replace the function of money as a medium of exchange, a store of value, and a unit of account. Digital currencies also cannot be used as investment instruments because their prices are volatile and have the potential to cause speculative bubbles. The treatment of countries against these currencies also varies. Of the 251 countries that are familiar with digital currencies, around 43% of them recognize digital currency as a legal tender, while the rest recognize it as a commodity, property, and barter goods.

Keywords: medium of exchange; cryptocurrency; digital currency; legal tender; store of value; unit of account; money (search for similar items in EconPapers)
JEL-codes: C81 E42 E52 E58 G13 G15 G18 O31 O33 (search for similar items in EconPapers)
Date: 2018-11-30
New Economics Papers: this item is included in nep-mac and nep-pay
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:97940

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