A Vision Towards the Future of Cryptocurrencies Rooting, its Financial Significance, and Legal Challenges in its Use

Authors

Ali A. Al-jabra, Faculty of Law, Department of Law, Al-Zaytoonah University of Jordan, Amman, JordanFollow
Hend AlNuhait, Faculty of Computer Studies, Department of Computer Studies, Arab Open University, Riyadh, Saudi ArabiaFollow
Sally Almanasra, Faculty of Computer Studies, Department of Computer Studies, Arab Open University, Riyadh, Saudi ArabiaFollow
Haneen A. Al-Khawaja, Faculty of Business, Department of Computer Studies, Amman Arab University, Amman, Jordan\\ Swiss FinTech Innovation Lab, University of Zurich, Zurich, SwitzerlandFollow

Abstract

Encrypted currencies have become an undeniable reality among investors and speculators in various countries around the world, which necessitates standing on the most prominent issues raised by these currencies, so the researchers decided to discuss in detail the theoretical side of encrypted currencies from various perspectives such as the concept, history, reality, future, and the Islamic perspective on it. In this article, we discuss the notion of financial technology, how it began, and where it has reached, coinciding with the business world seeing a new revolution symbolized by the birth of cryptocurrencies and how the world is rapidly approaching it. Furthermore, we discuss the types of currencies and the most famous cryptocurrencies with their advantages and disadvantages in dealing with their applications, their legal regulation, and the extent of legal liability arising from their misuse, followed by a detailed presentation about the blockchain, we also talk about the relationship between cryptocurrencies, their requirements, risks, and struggles, and finally we will talk about cryptocurrencies from the point of view of investors.

Recommended Citation

A. Al-jabra, Ali; AlNuhait, Hend; Almanasra, Sally; and A. Al-Khawaja, Haneen (2023) "A Vision Towards the Future of Cryptocurrencies Rooting, its Financial Significance, and Legal Challenges in its Use," Information Sciences Letters: Vol. 12 : Iss. 8 , PP -.
Available at: https://digitalcommons.aaru.edu.jo/isl/vol12/iss8/11