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Title:
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EXPLORING BITCOIN: OPPORTUNITIES AND THREATS OF USE IN OMAN |
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Author(s):
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Tahani Al-Hatmi, Razan Al-Rawas, Marwa Al-Noufali, Hajer Al-Buloshi and Yousuf Salim AlHinai |
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ISBN:
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978-989-8533-74-6 |
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Editors:
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Miguel Baptista Nunes, Pedro Isaías and Philip Powell |
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Year:
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2018 |
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Edition:
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Single |
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Keywords:
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Cryptocurrency, Investment, E-payment, Security, Regulations, Blockchain, Bitcoin, Oman |
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Type:
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Short Paper |
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First Page:
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271 |
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Last Page:
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276 |
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Language:
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English |
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Cover:
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Full Contents:
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click to dowload 
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Paper Abstract:
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Bitcoin is a cryptocurrency which operates without any central bank. The main feature is the simplicity of exchange and transfer of money, and all transactions are done automatically. Bitcoin is also open-source, so that no one possesses or controls it and everybody can use it. The main objective of this paper is to understand the opportunity for and threats to Bitcoin in Oman. The research uses two methodologies: primary research interviews with experts and secondary research which consists of existing research papers and research subjects or experiments. The study has found that Bitcoin has an extremely secure database, that there are no international regulations or laws forbidding Bitcoin, that individuals benefit from it more than governments and that the use of Bitcoin in Oman is very low. |
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