Kiril Jovanovski – Ss Cyril and Methodius University in Skopje, Faculty of Economics – Skopje, bul. Goce Delcev 9v, Skopje, North Macedonia
Learta Jusufi – Ss Cyril and Methodius University in Skopje, Faculty of Economics – Skopje, bul. Goce Delcev 9v, Skopje, North Macedonia
Keywords:
Cryptocurrency;
Advantages;
Disadvantages (of
cryptocurrency);
Financial instruments;
Financial markets;
Regulatory framework;
North Macedonia;
Western Balkans
Abstract: Cryptocurrency as a novel concept in finance, has lately attracted wide attention in the financial market. However, there is a divided opinion when it comes to embracing or ignoring them. Some are optimistic about their future, and others believe that the skepticism that surrounds them will strongly contribute to their disappearance from the market. The first part of the paper will give a brief background about cryptocurrencies and their associated advantages and disadvantages. The second part of the paper will focus on providing an overview of the cryptocurrency situation in North Macedonia, where they are currently unregulated. Since no legislation would protect consumers in case of fraud, the proper regulatory framework in this sphere is an urgent problem that requires immediate attention. Additionally, this paper will offer a small insight into other Western Balkan countries in this regard, where the situation is like in North Macedonia.
6th International Scientific Conference on Recent Advances in Information Technology, Tourism, Economics, Management and Agriculture – ITEMA 2022 – Conference Proceedings, Hybrid (University of Maribor, Slovenia), October 27, 2022
ITEMA Conference Proceedings published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia
ITEMA conference partners: Faculty of Economics and Business, University of Maribor, Slovenia; Faculty of Organization and Informatics, University of Zagreb, Varaždin; Faculty of Geography, University of Belgrade, Serbia; Institute of Marketing, Poznan University of Economics and Business, Poland; Faculty of Agriculture, Banat’s University of Agricultural Sciences and Veterinary Medicine ”King Michael I of Romania”, Romania
ITEMA Conference 2022 Conference Proceedings: ISBN 978-86-80194-63-9, ISSN 2683-5991, DOI: https://doi.org/10.31410/ITEMA.2022
Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission.
Suggested citation
Jovanovski, K., & Jusufi, L. (2022). Cryptocurrency: Evidence from North Macedonia. In V. Bevanda (Ed.), International Scientific Conference ITEMA 2022: Vol 6. Conference Proceedings (pp. 25-32). Association of Economists and Managers of the Balkans. https://doi.org/10.31410/ITEMA.2022.25
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Additional reading
Bunjaku, F., Gjorgieva Trajkovska, O., & Miteva Kacarski, E. (2017). Cryptocurrencies – Advantages and Disadvantages. Journal of Economics 2.
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