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Cryptocurrencies and Their Trading Options
Kubík, Lubomír ; Dušková, Monika (referee) ; Luhan, Jan (advisor)
The bachelor thesis focuses on the development and formation of cryptocurrencies especially the most common cryptocurrency Bitcoin. It describes the principles of blockchain and decentralized currencies. It focuses on the comparison of individual kinds of cryptocurrencies which are compared from several points of view, such as their origin, the principle of their functioning and value. Furthermore the possibilities of acquiring and trading cryptocurrencies are analyzed and compared. These options include extraction, purchase through digital currency exchange and exchange trading. Individual solutions are compared in terms of their convenience for a particular user.
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Zdanění kryptoměn
Zelený, Pavel
This diploma thesis focuses on taxation of cryptocurrencies. Aim of this work is to make a proposal for a change to the Czech legislation in the field of cryptocur-rencies and their taxation. Main features of cryptocurrencies and taxation ap-proaches in Czech Republic and selected countries of European union are de-scribed in this thesis. Text also included examples demonstrating main differences between countries in regard to taxation policies. Based on experts opinions and detailed comparison of the taxation approaches to cryptocurrencies in selected countries, suggestion for a change to the Czech legislation in this area is proposed.
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Bitcoin - the legal framework and practical aspects of its use in payment transaction
Pardubický, Jan ; Kotáb, Petr (advisor) ; Kohajda, Michael (referee)
in english The purpose of this theses is to analyse the Bitcoin electronic peer-to-peer payment system, from the view of the legal, regulatory and also purely practical issues surrounding its use as a modern means of payment processing. The reason for choosing this topic is that I find the subject to be very interesting and possibly promising for the future of payments. Also, as the use of Bitcoin payment system spreads across the global population, we can see many of legal questions arising: Is the use of Bitcoin network legal? How is it regulated under existing legal system? Can it be subsumed under any existing legal categories? What are the risks of its misuse for criminal activities? Should new legal rules be enacted to regulate its use, and if so, what should these rules be like? My goal in this paper is to find these relevant questions, elaborate on them and provide as many answers as will be possible. We have to bear in mind the fact, that the technology, underlying the Bitcoin payment systém is very new and many ways path-breaking. As usual, the legal theory lags behing technology here, so many questions still have to be settled before we can give any straight answers. The work is divided into seven chapters, each dealing with different legal or practical aspects connected to the Bitcoin...
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The instruments of monetary policy and their legal regulation
Švestka, Vít ; Kotáb, Petr (advisor) ; Kohajda, Michael (referee)
The instruments of monetary policy and their legal regulation Abstract The goal of this paper was to perform a comprehensive analysis of Monetary Policy Instruments of the Czech Republic and the Eurosystem, including the historical, economic and international aspects of the subject matter. As the topic is significantly overlapping with economic theory, the theoretical grounds were first defined in the parts concerning historical analysis, the scope of the Czech National Bank, monetary policy and economic theory. The legal analysis of the instruments of the Czech monetary policy itself was then carried out especially in a general and special part; a comparative analysis with of the Eurosystem instruments was carried out afterward as well. The purpose of a general analysis of Czech Monetary Policy Instruments was to generalize the findings and the common features of the similar monetary policy instruments and therefore the author chose the procedure consisting in definition of the notion of the monetary policy instrument, the division of the instruments and particular instrument specification. In the following part, the author deals with the legal regime of specified monetary policy instruments. The paper provides concrete insights into the legal regime of individual monetary policy instruments. The research...
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Kryptomeny
Baran, Mojmír
Baran, M. Cryptocurrencies. Bachelor thesis. Brno: Mendel University, 2009. The aim of the bachelor thesis is to evaluate the potential usability of crypto-currencies as a financial instrument. The thesis deals with three selected crypto-currencies: Bitcoin, Litecoin and Ripple. The theoretical basis of work is focused on presentation of each cryptocurrency and the basic principles of their functio-ning. The empirical part of the thesis contains an analysis of the price development on the basis of which the impacts on the value of the cryptocurrencies are identifi-ed along with calculation of the indices of the investment triangle and the sharpe ratio for each of the cryptocurrencies while providing a subsequent evaluation.
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Kryptoměny - faktory, vývoj a rizika
Opršálová, Petra
Bc. Opršálová, P. Cryptocurrencies – factors, development and risks. Diploma thesis, Brno: Mendel university in Brno, 2019. The diploma thesis discusses cryptocurrencies, mostly about bitcoin and factors that influence its price. Firstly, is introduced the basic concepts, history, development, risks and benefits of cryptocurrency. Subsequently, the best-known cryptocurrency of bitcoin is described, and the area of cryptocurrency regulation is analysed worldwide and in the Czech Republic. The core of the diploma thesis is an empirical part, which identify factors by regression analysis and the influence of individual factors on the bitcoin price and assess whether cryptocurrencies behave more like commodities than currency.
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Cryptocurrencies and Their Trading Options
Kubík, Lubomír ; Dušková, Monika (referee) ; Luhan, Jan (advisor)
The bachelor thesis focuses on the development and formation of cryptocurrencies especially the most common cryptocurrency Bitcoin. It describes the principles of blockchain and decentralized currencies. It focuses on the comparison of individual kinds of cryptocurrencies which are compared from several points of view, such as their origin, the principle of their functioning and value. Furthermore the possibilities of acquiring and trading cryptocurrencies are analyzed and compared. These options include extraction, purchase through digital currency exchange and exchange trading. Individual solutions are compared in terms of their convenience for a particular user.
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The instruments of monetary policy and their legal regulation
Švestka, Vít ; Kotáb, Petr (advisor) ; Kohajda, Michael (referee)
The instruments of monetary policy and their legal regulation Abstract The goal of this paper was to perform a comprehensive analysis of Monetary Policy Instruments of the Czech Republic and the Eurosystem, including the historical, economic and international aspects of the subject matter. As the topic is significantly overlapping with economic theory, the theoretical grounds were first defined in the parts concerning historical analysis, the scope of the Czech National Bank, monetary policy and economic theory. The legal analysis of the instruments of the Czech monetary policy itself was then carried out especially in a general and special part; a comparative analysis with of the Eurosystem instruments was carried out afterward as well. The purpose of a general analysis of Czech Monetary Policy Instruments was to generalize the findings and the common features of the similar monetary policy instruments and therefore the author chose the procedure consisting in definition of the notion of the monetary policy instrument, the division of the instruments and particular instrument specification. In the following part, the author deals with the legal regime of specified monetary policy instruments. The paper provides concrete insights into the legal regime of individual monetary policy instruments. The research...
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European regulation of virtual currencies, its shortcomings and future development.
Fišer, Jan ; Vondráčková, Aneta (advisor) ; Kunertová, Tereza (referee)
European regulation of virtual currencies, its shortcomings and future development Abstract This thesis is focused on the European regulation of virtual currencies, meaning the current Union legal regulation of this phenomenon including further European Union institutions' activities in the area. The aim of the thesis is to introduce the existing approach towards virtual currencies as well as to find some of the shortcomings and to outline the future development of European regulation of virtual currencies. As a part of this thesis, relevant activities associated with distributed ledger technology as a technology related to virtual currencies will be introduced. To achieve the mentioned, the thesis analyzes mainly legislative and non-legislative sources issued by competent institutions of the European Union, equally important are the jurisprudential texts from the area of virtual currencies and related fields. The thesis is divided into five chapters which are further divided into topical subchapters. Each of the chapters includes partial identification of shortcomings and presents the future development in the area. The introductory chapter addresses the introduction of virtual currencies as such and in the context of financial law. Further, technological bases of virtual currencies are described, namely...
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Virtual currencies in real economy: Bitcoin
Šafka, Jiří ; Vacek, Pavel (advisor) ; Polák, Petr (referee)
This paper examines the relationship between virtual currency, the Bitcoin, and the real economy. In the first part the description of the term virtual currency is provided with special focus on Bitcoin. Also the legal and taxation issues are discussed. In the main part the volatility of Bitcoin is inspected using various models from Autoregressive heteroskedasticity models family. We found that the volatility of Bitcoin differs significantly through time and that this relation is captured best by T-GARCH (1,1) model. Finally the relationship between Bitcoin and real economy indicators is observed to be inconsistent and mostly insignificant in time. Thus we conclude that the independency of Bitcoin cannot be rejected. Powered by TCPDF (www.tcpdf.org)
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