The purpose of this paper is twofold: (i) to investigate some the main issues surrounding classification digital currencies, and (ii) identify accounting practices standards tied currencies. This discusses two different types including: central bank currencies (CBDCs) privately issued cryptocurrencies such as Bitcoin. findings study suggest that current do not precisely cover treatment even tho...

Central Bank digital currencies are a challenge to the international monetary and financial system. Since development of cryptocurrency, such as bitcoin, modern world has faced possibility technological transformation providing form payment for economy household. In addition, announcement currency that would have global reach, Libre issued by social network Facebook, raised questions about lega...

An important feature of the international nancial system is that it overwhelmingly uses a major currency, such as the US dollar, as a vehicle in the exchange between other currencies. In this paper we construct an equilibrium model to study this feature. The model economy has a nite number of countries, and each country's goods are sold only for the country's own currency. Households obtain for...

Crypto-currencies, like Bitcoins, are a relatively recent phenomena on the online Internet landscape and an emerging force in the financial sector. While not conforming to traditional institutional practices, they are gaining increasing acceptance as viable commercial currencies. With this technology presenting new opportunities, and its future largely dependent on external challenges, this con...

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In the past year there have been some sharp movements in exchange rates, involving substantial depreciation of a number of East␣ Asian currencies and an appreciation of the US dollar against other major currencies. The Australian dollar has declined against the US␣ dollar, but has appreciated substantially on average against the East Asian currencies. The economic turmoil in East Asia will affe...

The purpose of research is focused on the insight into the future of Bitcoin on the financial situation, its implications and challenges. The problem of study is to investigate how to deal with a new type of digital currencies (such Bitcoin) that does not have a physical presence and there is no specific body to issue. Thus, this study aims to identify the nature of Bitcoin currency and what ar...