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

Management

Duyen Huynh Thi My¹  Ngoc Nguyen Thi Bich²  An Phan Thuy²  Hang Bui Thi Thu³  Huy Dinh Tran Ngoc⁴ 

[1] M.Sc., Lecturer of Economics Department, Tay Nguyen University, Daklak, Vietnam;M.Sc., Tay Nguyen University, Lecturer of Economics Department, Daklak, Vietnam;Ph.D., Ho Chi Minh Banking University - Lecturer of Economics Department, Tay Nguyen University, Daklak, Vietnam;Ph.D., MBA, Banking University HCMC, Ho Chi Minh cityVietnam-International University of Japan, Japan;

关键词: bit coin;    virtual currency;    cryptocurrencies;    vietnam;    e42;    e5;    e51;   

DOI  :  10.2478/manment-2019-0054

来源: DOAJ

【 摘 要 】

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.

【 授权许可】

Unknown