Cryptocurrencies: highlighting the perspective of Bosnia and Herzegovina

Abstract

Digitalisation creates a new environment in which the development of advanced technology is becoming a reality. In that sense, a system of recording information that makes it difficult or impossible to change, hack or cheat is commonly known under blockchain technology. Recently, there has been much hype around blockchain technology since it became helpful for creating digital money, widely called cryptocurrencies.This article stresses the importance of blockchain technology concerning cryptocurrencies, including its impact on Bosnia and Herzegovina. Finally, this article aims to offer potential solutions that might help regulate the cryptocurrencies concerning entity level in Bosnia and Herzegovina.