Harmoni Economics: International Journal of Economics and Accounting
Vol. 1 No. 2 (2024): May: Harmoni Economics: International Journal of Economics and Accounting

The Impact of Digital Currency on Global Trade : A New Frontier in International Accounting

Selvi Octapia Simatupang (Universitas Prasetiya Mulya)
Febry Valentin Zebua (Universitas Prasetiya Mulya)



Article Info

Publish Date
31 May 2024

Abstract

The rise of digital currencies such as Bitcoin and Ethereum has reshaped the landscape of global trade and financial transactions. This study investigates how digital currencies are influencing international accounting practices, focusing on the challenges and opportunities posed by this disruptive technology. By analyzing case studies from major economies, the paper explores the potential for blockchain to enhance transparency, streamline cross-border payments, and ensure better tax compliance. The findings suggest that while digital currencies provide efficiency gains, they also introduce regulatory and volatility risks that must be managed by accounting professionals globally.

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Journal Info

Abbrev

HarmoniEconomics

Publisher

Subject

Description

(Harmoni Economics: International Journal of Economics and Accounting) [e-ISSN : 3063-8712, p-ISSN : 3063-6205] is an open access Journal published by the IFREL (International Forum of Researchers and Lecturers). Harmoni Economics accepts manuscripts based on empirical research results, new ...