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DIGITAL MONEY IN THE REALITIES OF MODERN CHINA

Marina I. Tsogoeva

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Abstract

Digital money has already appeared in various areas of the money market. Facebook has spearheaded the development of digital currencies for social networks, announcing plans to release its own Libra currency, which is a kind of «stable coin» that will be tied to a basket of official currencies. Central banks are launching pilot projects of digital currency .Finally, thousands of fiat cryptocurrencies have been launched in recent years, supported in blockchains by anonymous registrars.

About this research paper

What this paper is about

Digital money has already appeared in various areas of the money market. Facebook has spearheaded the development of digital currencies for social networks, announcing plans to release its own Libra currency, which is a kind of «stable coin» that will be tied to a basket of official currencies. Central banks are launching pilot projects of digital currency .Finally, thousands of fiat cryptocurrencies have been launched in recent years, supported in blockchains by anonymous registrars.

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OpenAlex reports 2 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

Digital money has already appeared in various areas of the money market. Facebook has spearheaded the development of digital currencies for social networks, announcing plans to release its own Libra currency, which is a kind of «stable coin» that will be tied to a basket of official currencies. Central banks are launching pilot projects of digital currency .Finally, thousands of fiat cryptocurrencies have been launched in recent years, supported in blockchains by anonymous registrars.

Key concepts: Digital currency, Cryptocurrency, Currency, Fiat money, Commerce, China, Business, Virtual currency

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