Phenomenon of Digital Money Between Concept and Regulation

Résumé

There is no doubt that money plays a major role in economic life by performing many functions where the most important one is financial mediation in exchanges whether local, regional or international. Therefore, money has witnessed a great development over time, starting from coins, passing through paper currency and ending with digital money. The main objective of this topic is the fact that this digital money exists and spreads significantly, which indicates their promising future in the absence of legislative regulation for them. So, knowing what different types of digital money are, their types, characteristics and reasons for their emergence is very important to determine their pros and cons. Moreover, digital money is considered a controversial topic where it suggests a new idea changing a lot of rules enshrined for a long time. Wherefore, countries pursue to absorb this phenomenon through issuing laws organizing the currencies which resulted in, or prohibiting it as a foreign object entered the legal system. From here, this topic is governed by a problematic one which revolves around the notion of digital money where there are many questions arising, beginning with knowing what digital money is and reaching its most important characteristics and advantages at all levels. So, the question first arises from the concept of digital money and its fluctuation between its possibility of being centralized or decentralized.