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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&apos;s tools has been small for now, however they may still be a tool to develop enreprenur in the financial markets.

  • Czech name

  • Czech description

Classification

  • Type

    D - Article in proceedings

  • CEP classification

  • OECD FORD branch

    50204 - Business and management

Result continuities

  • Project

  • 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

  • e-ISSN

  • 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