Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)

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Exploration of the Problems of Virtual Currency and Potential Solutions

Authors
Rui Tang1, *, Rui Wang2, Rongjie Zou3
1College of Optical and Electronic Technology, China Jiliang University, Hangzhou, 310018, China
2Business School, Wenzhou University, Wenzhou, 325000, China
3College of Economics and Management, South China Agricultural University, Guangzhou, 510642, China
*Corresponding author. Email: 1900410404@cjlu.edu.cn
Corresponding Author
Rui Tang
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-052-7_166How to use a DOI?
Keywords
Cryptocurrencies; Virtual Currencies; Digital Currencies; Central Bank Digital Currency (CBDC); Fintech
Abstract

In recent years, virtual currency has become an international hot topic. At the same time, virtual currency also ushered in unprecedented development. How to effectively regulate virtual currency becomes a problem worth discussing. This paper first analyses the development of virtual currency with Bitcoin as the representative. It is concluded that virtual currency has great instability, which means that there are some problems with virtual currency. The problems of virtual currency are mainly reflected in the potential impact on the market and loopholes in legal regulation. Therefore, the regulatory measures proposed in this paper are also analyzed from two aspects of market operation and legal regulation. In addition, Central Bank Digital Currency (CBDC) is also a good idea.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
27 December 2022
ISBN
978-94-6463-052-7
ISSN
2352-5428
DOI
10.2991/978-94-6463-052-7_166How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Rui Tang
AU  - Rui Wang
AU  - Rongjie Zou
PY  - 2022
DA  - 2022/12/27
TI  - Exploration of the Problems of Virtual Currency and Potential Solutions
BT  - Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
PB  - Atlantis Press
SP  - 1501
EP  - 1512
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-052-7_166
DO  - 10.2991/978-94-6463-052-7_166
ID  - Tang2022
ER  -