University of Sussex
Browse

File(s) under permanent embargo

Virtual currency concept: its implementation, impacts and legislation

chapter
posted on 2023-06-08, 22:26 authored by Saleh Alghamdi, Natalia BeloffNatalia Beloff
Due to the rapid development of information and communication technologies, many activities in our daily life have been merged online and they become more flexible and more effective. A huge growth of online users number has activated virtual word concepts and created a new business phenomenon which is virtual currency to facilitate the financial activities such as buying, selling and trading. Virtual currency represent valuable and intangible objects which are used electronically in different applications and networks such as online social networks, online social games, virtual worlds and peer to peer networks. The use of virtual currency has become widespread in many different systems in recent years. This paper investigates and analyses many aspects of virtual currency platforms such as offered opportunities, implementation mechanisms, regulation status, challenges and concerns. The results provide novel and useful resource to be used as a base for using, implementing and developing virtual currency platforms in a controlled manner as well as providing a scientific content for further research work.

History

Publication status

  • Published

File Version

  • Published version

Journal

Science and Information Conference (SAI)

Publisher

IEEE

Page range

175-183

Pages

878.0

Book title

Science and Information Conference (SAI), 2015

Place of publication

London

ISBN

9781479985470

Department affiliated with

  • Informatics Publications

Notes

Science and Information Conference (SAI) 28-30 July 2015, London.

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2015-09-09

First Compliant Deposit (FCD) Date

2016-03-22

Usage metrics

    University of Sussex (Publications)

    Categories

    No categories selected

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC