Bitcoin Versus Electronic Money

Bitcoin has had a volatile journey since it was launched in 2009, attracting attention among conventional investors as well as the black market. Regulators and policy makers are also following Bitcoin, raising the occasional eyebrow as they evaluat...

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Main Author:	Rotman, Sarah
Format:	Brief
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	BARRIERS TO ENTRY BLACK MARKET BLOG CENTRAL BANK CLARITY CLEARING HOUSE COIN COINS COMMODITY COMPUTER SCIENTIST CONSUMER PROTECTION CREDIT CARDS CURRENCY DEBIT CARDS DEVELOPING COUNTRIES DIGITAL MONEY DIGITAL PRIVATE E-MONEY ELECTRONIC CASH ELECTRONIC MONEY ENCRYPTION ENCRYPTION KEYS EURO EXCHANGE RATES FIAT CURRENCIES FIAT CURRENCY FIAT MONEY FINANCIAL COMPANIES FINANCIAL INNOVATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL PRODUCTS FINANCIAL SERVICES FINANCIAL SYSTEM FRAUD GOLD HACKERS HARD DRIVE INCOME INNOVATION INNOVATIONS LEGAL TENDER LOW-INCOME COUNTRIES MOBILE ACCESS MOBILE DEVICE MOBILE PHONE MOBILE PHONES MONETARY VALUE MONEY LAUNDERING NATIONAL CURRENCY ONLINE SERVICES OPEN ACCESS OPEN-SOURCE SOFTWARE OUTPUT PAYMENT SERVICES PAYMENT SYSTEM PAYMENTS SERVICE PDF PEER-TO-PEER PEER-TO-PEER NETWORK PERSONAL FINANCE PRIVATE KEY REGULATORS REGULATORY FRAMEWORK SECRET CODES SETTLEMENT SETTLEMENT SYSTEMS SPECULATIVE INVESTMENT TERRORISM TRANSACTION TREASURY UNCERTAINTY USER USERS USES VIRTUAL COMMUNITY WEB WEB SITE WIRE TRANSFERS WORLD CURRENCY
Online Access:	http://documents.worldbank.org/curated/en/2014/01/19539082/bitcoin-versus-electronic-money http://hdl.handle.net/10986/18418

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recordtype	oai_dc
spelling	okr-10986-184182021-04-23T14:03:48Z Bitcoin Versus Electronic Money Rotman, Sarah BARRIERS TO ENTRY BLACK MARKET BLOG CENTRAL BANK CLARITY CLEARING HOUSE COIN COINS COMMODITY COMPUTER SCIENTIST CONSUMER PROTECTION CREDIT CARDS CURRENCY DEBIT CARDS DEVELOPING COUNTRIES DIGITAL MONEY DIGITAL PRIVATE E-MONEY ELECTRONIC CASH ELECTRONIC MONEY ENCRYPTION ENCRYPTION KEYS EURO EXCHANGE RATES FIAT CURRENCIES FIAT CURRENCY FIAT MONEY FINANCIAL COMPANIES FINANCIAL INNOVATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL PRODUCTS FINANCIAL SERVICES FINANCIAL SYSTEM FRAUD GOLD HACKERS HARD DRIVE INCOME INNOVATION INNOVATIONS LEGAL TENDER LOW-INCOME COUNTRIES MOBILE ACCESS MOBILE DEVICE MOBILE PHONE MOBILE PHONES MONETARY VALUE MONEY LAUNDERING NATIONAL CURRENCY ONLINE SERVICES OPEN ACCESS OPEN-SOURCE SOFTWARE OUTPUT PAYMENT SERVICES PAYMENT SYSTEM PAYMENTS SERVICE PDF PEER-TO-PEER PEER-TO-PEER NETWORK PERSONAL FINANCE PRIVATE KEY REGULATORS REGULATORY FRAMEWORK SECRET CODES SETTLEMENT SETTLEMENT SYSTEMS SPECULATIVE INVESTMENT TERRORISM TRANSACTION TREASURY UNCERTAINTY USER USERS USES VIRTUAL COMMUNITY WEB WEB SITE WIRE TRANSFERS WORLD CURRENCY Bitcoin has had a volatile journey since it was launched in 2009, attracting attention among conventional investors as well as the black market. Regulators and policy makers are also following Bitcoin, raising the occasional eyebrow as they evaluate Bitcoin's risks and benefits and how to regulate this little understood virtual currency. Some media reports have confused Bitcoin with more popular electronic money (e-money) schemes used in many low-income countries to reach the unbanked. But the two are markedly different and should not be conflated. This brief provides information about Bitcoin and contrasts Bitcoin with e-money to avoid alarm about the former to the detriment of the latter. 2014-05-29T16:09:56Z 2014-05-29T16:09:56Z 2014-01 http://documents.worldbank.org/curated/en/2014/01/19539082/bitcoin-versus-electronic-money http://hdl.handle.net/10986/18418 English en_US CGAP brief; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Brief Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	BARRIERS TO ENTRY BLACK MARKET BLOG CENTRAL BANK CLARITY CLEARING HOUSE COIN COINS COMMODITY COMPUTER SCIENTIST CONSUMER PROTECTION CREDIT CARDS CURRENCY DEBIT CARDS DEVELOPING COUNTRIES DIGITAL MONEY DIGITAL PRIVATE E-MONEY ELECTRONIC CASH ELECTRONIC MONEY ENCRYPTION ENCRYPTION KEYS EURO EXCHANGE RATES FIAT CURRENCIES FIAT CURRENCY FIAT MONEY FINANCIAL COMPANIES FINANCIAL INNOVATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL PRODUCTS FINANCIAL SERVICES FINANCIAL SYSTEM FRAUD GOLD HACKERS HARD DRIVE INCOME INNOVATION INNOVATIONS LEGAL TENDER LOW-INCOME COUNTRIES MOBILE ACCESS MOBILE DEVICE MOBILE PHONE MOBILE PHONES MONETARY VALUE MONEY LAUNDERING NATIONAL CURRENCY ONLINE SERVICES OPEN ACCESS OPEN-SOURCE SOFTWARE OUTPUT PAYMENT SERVICES PAYMENT SYSTEM PAYMENTS SERVICE PDF PEER-TO-PEER PEER-TO-PEER NETWORK PERSONAL FINANCE PRIVATE KEY REGULATORS REGULATORY FRAMEWORK SECRET CODES SETTLEMENT SETTLEMENT SYSTEMS SPECULATIVE INVESTMENT TERRORISM TRANSACTION TREASURY UNCERTAINTY USER USERS USES VIRTUAL COMMUNITY WEB WEB SITE WIRE TRANSFERS WORLD CURRENCY
spellingShingle	BARRIERS TO ENTRY BLACK MARKET BLOG CENTRAL BANK CLARITY CLEARING HOUSE COIN COINS COMMODITY COMPUTER SCIENTIST CONSUMER PROTECTION CREDIT CARDS CURRENCY DEBIT CARDS DEVELOPING COUNTRIES DIGITAL MONEY DIGITAL PRIVATE E-MONEY ELECTRONIC CASH ELECTRONIC MONEY ENCRYPTION ENCRYPTION KEYS EURO EXCHANGE RATES FIAT CURRENCIES FIAT CURRENCY FIAT MONEY FINANCIAL COMPANIES FINANCIAL INNOVATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL PRODUCTS FINANCIAL SERVICES FINANCIAL SYSTEM FRAUD GOLD HACKERS HARD DRIVE INCOME INNOVATION INNOVATIONS LEGAL TENDER LOW-INCOME COUNTRIES MOBILE ACCESS MOBILE DEVICE MOBILE PHONE MOBILE PHONES MONETARY VALUE MONEY LAUNDERING NATIONAL CURRENCY ONLINE SERVICES OPEN ACCESS OPEN-SOURCE SOFTWARE OUTPUT PAYMENT SERVICES PAYMENT SYSTEM PAYMENTS SERVICE PDF PEER-TO-PEER PEER-TO-PEER NETWORK PERSONAL FINANCE PRIVATE KEY REGULATORS REGULATORY FRAMEWORK SECRET CODES SETTLEMENT SETTLEMENT SYSTEMS SPECULATIVE INVESTMENT TERRORISM TRANSACTION TREASURY UNCERTAINTY USER USERS USES VIRTUAL COMMUNITY WEB WEB SITE WIRE TRANSFERS WORLD CURRENCY Rotman, Sarah Bitcoin Versus Electronic Money
relation	CGAP brief;
description	Bitcoin has had a volatile journey since it was launched in 2009, attracting attention among conventional investors as well as the black market. Regulators and policy makers are also following Bitcoin, raising the occasional eyebrow as they evaluate Bitcoin's risks and benefits and how to regulate this little understood virtual currency. Some media reports have confused Bitcoin with more popular electronic money (e-money) schemes used in many low-income countries to reach the unbanked. But the two are markedly different and should not be conflated. This brief provides information about Bitcoin and contrasts Bitcoin with e-money to avoid alarm about the former to the detriment of the latter.
format	Publications & Research :: Brief
author	Rotman, Sarah
author_facet	Rotman, Sarah
author_sort	Rotman, Sarah
title	Bitcoin Versus Electronic Money
title_short	Bitcoin Versus Electronic Money
title_full	Bitcoin Versus Electronic Money
title_fullStr	Bitcoin Versus Electronic Money
title_full_unstemmed	Bitcoin Versus Electronic Money
title_sort	bitcoin versus electronic money
publisher	World Bank, Washington, DC
publishDate	2014
url	http://documents.worldbank.org/curated/en/2014/01/19539082/bitcoin-versus-electronic-money http://hdl.handle.net/10986/18418
_version_	1764442402123153408

Bitcoin Versus Electronic Money

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