1. bookVolume 24 (2020): Issue 2 (December 2020)
Journal Details
License
Format
Journal
eISSN
2299-193X
ISSN
1429-9321
First Published
14 Jun 2012
Publication timeframe
2 times per year
Languages
English
access type Open Access

Current situation of Bitcoin management and use: perspectives from the world and recommendations for vietnam

Published Online: 31 Dec 2020
Volume & Issue: Volume 24 (2020) - Issue 2 (December 2020)
Page range: 209 - 235
Journal Details
License
Format
Journal
eISSN
2299-193X
ISSN
1429-9321
First Published
14 Jun 2012
Publication timeframe
2 times per year
Languages
English
Summary

The research aimed to evaluate suitability of Bitcoin and its platform in emerging markets such as Vietnam. We used qualitative analysis combined with data collection method published, statistics, analysis, synthesis, comparison, to generate qualitative comments and discussion; evaluate results, the article analyzed and evaluated the impacts of Bitcoin and virtual currency on society of Vietnam, both positive and negative sides. It was found that virtual currency not accepted in Vietnam as means of payment yet, while many nations in the world accept it. We need to complete the legal framework for virtual currencies in general, Bitcoin in particular. The State should continue to have policies to improve information technology infrastructure, build and improve the capacity of the contingent of financial experts, encryption, and security experts and give warning risks in virtual currency transactions. The scientific value of paper is using experiences from previous studies in other countries to generate recommendations for conditions of Bitcoin development in merging markets. Last but not least, the research was limited to the case of Vietnam; hence, we can expand research to other Asian countries or other emerging markets.

Keywords

JEL Classification

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