Globalization of Virtual Currencies and Economic Governance of State

Document Type : Original Article

Authors

1 assistance professor

2 shiraz u

10.22080/jpir.2020.2804

Abstract

Today, simultaneously economic virtualization and Globalization, the world of economy had faced some new phenomena such as virtual currencies. From the time that rise of bitcoin as a first kind of virtual currencies to now, thought about impacts of the currencies on economy had been one of the main important spheres to research in economic studies. The article aim is evaluation of political economy of bitcoin and virtual currencies and its impacts on economic governance of state. The questions of the article are: what characteristics bitcoin and other virtual currencies have? What impacts on economic governance of state they have? This article with descriptive- explanative method explore some characteristics of the exchanges such as: decentralization, lack of control by the government, government inability to investigate it and elimination of broker to transfer of money. Findings of the article demonstrate that economic governance of state depends to kinds of policy that they make about virtual currencies (sympathy and policy making, forbidden and inattention and lack of policy).

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