The use of cryptocurrency in enterprises in Czech republic
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F18%3A10241048" target="_blank" >RIV/61989100:27510/18:10241048 - isvavai.cz</a>
Result on the web
<a href="https://imes.vse.cz/wp-content/uploads/2018/07/Conference_Proceedings_IMES_2018.pdf" target="_blank" >https://imes.vse.cz/wp-content/uploads/2018/07/Conference_Proceedings_IMES_2018.pdf</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.18267/pr.2018.dvo.2274.0" target="_blank" >10.18267/pr.2018.dvo.2274.0</a>
Alternative languages
Result language
angličtina
Original language name
The use of cryptocurrency in enterprises in Czech republic
Original language description
Purpose: The aim of this paper is to show the potential use and possibilities of cryptocurrencies for enterprises. This includes the accounting and legal aspects of this new phenomenon. The application will focus on one of the ways to exploit cryptocurrencies, namely CFD contracts. Design/methodology/approach: The article describes the capabilities and tools for using cryptocurrency for entrepreners. Selected cryptocurrencies are subjected to statistical analyzes, and so analyze the daily values of the exchange rates from the time of the occurrence of the given cryptochange. Based on the data of selected cryptocurrencies, the possibilities of speculation with cryptocurrency for entrepreneurs are subsequently proposed in the article. Findings: Entrepreneurs can also use cryptocurrencies to pay for ordinary businesses in a number of ways without the use of above-standard computing. At the present time, the greater spread of cryptocurrencies payments defends them high volatile and relatively large charges. The cryptocurrencies can be use entrepreneurs for trading. Research/practical implications: In the Czech Republic there is a relevant legal regulation that allows transactions to be carried out in cryptocurrencies in accordance with Czech law, using appropriate electronic sales records. The issue contains many other topics for research. Originality/value: Cryptocurrencies are considered the biggest innovation in the financial markets over the last 20 years. The use of these entrepreneur's tools has been small for now, however they may still be a tool to develop enreprenur in the financial markets.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50204 - Business and management
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Innovation Management, Entrepreneurship and Sustainability (IMES 2018) : proceedings of the 6th international conference : May 31 - June 1, 2018, Prague
ISBN
978-80-245-2274-6
ISSN
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e-ISSN
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Number of pages
12
Pages from-to
541-552
Publisher name
Vysoká škola ekonomická v Praze
Place of publication
Praha
Event location
Praha
Event date
May 31, 2018
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000461375200045