Electronic money and cryptocurrencies (Bitcoin): suggestions for definitions

Rahmatian, A. (2019) Electronic money and cryptocurrencies (Bitcoin): suggestions for definitions. Journal of International Banking Law and Regulation, 34(3), pp. 115-121.

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Abstract

Electronic currencies and cryptocurrencies, like Bitcoin, are technological innovations but not novelties from a legal-conceptual perspective. This article seeks to provide definitions for "electronic currencies" and "cryptocurrencies" alongside the traditional forms of money. It becomes apparent that Bitcoin is not real "money" but relies on existing currency. At present, its actual role is rather to enable speculation and to circumvent fiscal regulations.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Rahmatian, Professor Andreas
Authors: Rahmatian, A.
College/School:College of Social Sciences > School of Law
Journal Name:Journal of International Banking Law and Regulation
Publisher:Sweet and Maxwell
ISSN:1742-6812
ISSN (Online):1742-6812
Copyright Holders:
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<fragment>Copyright © 2019 Sweet & Maxwell</fragment>
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First Published:First published in Journal of International Banking Law and Regulation 34(3):115-121
Publisher Policy:Reproduced in accordance with the copyright policy of the publisher

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