Cryptocurrencies: A Solution of the Future or a Trap?
Cryptocurrencies: A Solution of the Future or a Trap?

Summary/Abstract: Our society has evolved and the need to simplify modern payment methods is a reality today. The transition from money in the form of coins to paper money, plastic, has been replaced by payment by card, which in this piece of plastic is embedded, if there is, in the personal account the amount of money needed, from the value of a loaf of bread to the value of a car, or a home. Gradually, cryptocurrencies or virtual currencies have taken a steady rise in the world, and they can be manipulated very easily, as the evolution of the markets already shows us. Optimists believe this isthe future, while skeptics rejoice at every fall in the cryptocurrency markets and make predictions about a return to gold bullion as the only universal currency that will revive the international financial system after the fall and elimination in the future of cryptocurrencies. Until then, however, we live in a time when alternative payment systems are entering the financial markets more and more abruptly and playing the game of those who like risk, despite warnings from authorities around the world, urging those who want to be careful of quick gains and very high values. This study proposes a practical economic and legal approach to the current state of the presence of cryptocurrencies on international markets, on the one hand, and their regulation in the European Union, on the other. The interdisciplinary approach is required, being generated by the rapidity of the expansion of these new forms of transactions in the virtual space, but also by the increasingly present risks on the financial markets of evaporation of real sums of money, in favor of virtual money, stock markets and capital markets, generating artificial crises.

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