المستخلص: |
The topic of digital currencies is one of the topics that has received a great deal of attention, and on a wide scale, due to its importance in relation to financial transactions via international network platforms. The history of the emergence of these currencies dates back to the year (1995). Digital currencies are virtual currencies that are used in electronic financial exchanges and transactions such as money transfers and direct electronic payment, meaning that they are used only via the Internet. Statistics have shown that there is a wide demand from investors to invest in these currencies, which led to an increase in their price from (380) dollars to (10,500) dollars in the year (2018). Our research, which aims to highlight the role of digital currencies in daily transactions and sheds light on everything related to these currencies from risks and benefits, especially those related to the Hazm currency as a model, has concluded that investing in these currencies is an illegal procedure carried out by some people because these currencies do not carry the recognition of the Central Bank in them, and presented a number of recommendations that recommend not dealing with such currencies unless they obtain approval and recognition. Official bodies such as the Central Bank, especially with regard to the currency of the package.
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