Show simple item record

dc.contributor.authorLubogo, Isaac Christopher
dc.date.accessioned2022-02-02T21:09:19Z
dc.date.available2022-02-02T21:09:19Z
dc.date.issued2022
dc.identifier.citationLubogo, I. C. (2022). Digital money : the law of crypto currency and cryptography in Uganda. Kampala: Jescho Publishing House
dc.identifier.urihttps://hdl.handle.net/20.500.11951/958
dc.description.abstractOrdinarily, a cryptocurrency is a digital currency. Crypto currencies are digital assets that are designed to effect electronic payments without the participation of a central authority or intermediary such as a Central Bank or licensed financial institution. It is a medium of exchange that is in the form of digital asset and is designed to use strong cryptography in securing financial transactions; the control of creating additional units; and verifying asset transfer. Put more simply, it is a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority. Cryptocurrencies’ may have an effect of bypassing the traditional established centralized systems of money transaction control and this factor has to some minor extent contributed to the skepticism that some economies have towards adopting this trend. In the making of Bit coins, the framers envisioned a world here people would use this digital currency for almost all transactions. No wander still, that the traditional banking system wants to control or eliminate bitcoin. Despite the skepticism surrounding Bitcoins, some countries have endorsed it. El Salvador was the first country to use bitcoin as legal tender, alongside the US dollar.1 Japan and the U.K have also gone miles in promoting the using of bitcoins. Bitcoins being virtual and secured by cryptography, gives another important bypass to common day challenges in the money market like counterfeiting and double spending. They fall under a decentralized system based on block chain technology.en_US
dc.language.isoenen_US
dc.publisherJescho Publishing Houseen_US
dc.subjectCryptocurrency lawen_US
dc.subjectCryptocurrency law - Ugandaen_US
dc.subjectDigital money - Legal aspectsen_US
dc.subjectCryptography
dc.titleDigital Money: the law of cryptocurrency and cryptographyen_US
dc.typeBooken_US


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record