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ABSTRACT
If we look at the real world today, we can see the effects of digitalization in all areas. But are we ready for all aspects of digitalization? Because of the digitalization of traditional money that we use today is an actual issue, extensive research is needed in this area. This article will focus on many nuances, such as the transformation of money, created as a human activity reciprocal, to digital money, the positive and negative results of digital money and the prohibition of the use of cryptocurrencies in many countries. As we know, money is the driving force behind economic factors, an asset used in the settlement of transactions and also the equivalent of the service provided by the employment of labor. But if money is digitized, will it make us more free-or less? Although there are some organizations that support the cryptocurrency, most central banks tend to be cautious considering the extreme volatility of the market. Because of that, some countries of the world are taking a number of measures to limit the use of digital money. These measures can have a negative impact on the emergence of digital money. But we currently see new cryptocurrencies created by the different companies. If there are prohibitions on the use of cryptocurrencies, what are the reasons for new cryptocurrencies to create? It is essential to implement tracking process of illegal activities to eliminate the expression "black e-commerce". Research on the availability of certain mechanisms to control cryptocurrencies will be included in the article.
Keywords: cryptocurrency, digital money, prohibitions on cryptocurrency use, transformation of money
1.INTRODUCTION
Digital transformation is an irresistible and inevitable process to adapt to new conditions in the 21st century. In this new digital governance and economy, it would be surprising to assume that traditional models, methods and processes will work with the same efficiency. For this reason, the positive and negative consequences of increasing digitalization in all areas provide a basis for greater research. As we know, in the modern world, countries that use the latest forms of digitalization and attach great importance to the application of technology in various processes are able to move forward economically. Unfortunately, it is still impossible to avoid the negative aspects of digitalization. It is...