GLOBAL PANORAMA OF CRYPTOCURRENCIES AND THEIR DEVELOPMENT IN PANAMA

Abstract

Cryptocurrencies can be defined as an asset created outside the traditional financial system, based on the trust and acceptance of its users as a result of a cryptographic system that allows monetary transactions between members of the community. Through this article we expose the positions of both regulatory entities and experts of economic and financial systems who advocate the elimination and / or regulation of digital currencies considering them insecure or lacking in faculties that classify them as real currencies. As well as the opinion of various professionals who defend the implementation of cryptocurrencies as a form of payment and transfer worldwide more secure than the physical currency, thus generating an alternative to inflationary policies and an escape to obsolete technologies and regulations. of the financial markets. In addition, the current situation of Panama in terms of cryptocurrencies is presented. It is a bibliographic review where several authors were consulted such as: Samuelson, Andrei Boar, Juan Verodio, Andréa Maechler among others. It was evidenced that, although many countries agree with the adoption of this virtual currency, there is a lot of insecurity on the part of other nations due to the lack of experience in the management, the lack of legal regulations, their low intrinsic value and the null guarantee for the consumer when fraud occurs.