o:29120 Are Cryptocurrencies a Sustainable Alternative to Traditional Currencies? Da li su kriptovalute održiva alternativa tradicionalnim valutama? en Abstract: The great economic crisis has shown that the global financial system primarily protects those who are ,,too big to fail“. In order to provide the common man at least a partial liberation from the hegemony of this bureaucratized and undemocratic system, Bitcoin was created, the first cryptocurrency that functions in a decentralized monetary system based on the blockchain. The emergence of cryptocurrencies, which are beyond the control of the traditional political and economic structures, has raised hopes that the world monetary system can be democratized and freed from the influence of inefficient regulatory institutions. This paper analyzes how realistic the scenario is that in the foreseeable future cryptocurrencies will prevail over traditional currencies, starting from the basic characteristics of cryptocurrencies, regulation of their accounting and tax status, mutual influence of monetary policy and cryptocurrency system, potential benefits that cryptocurrencies can offer to developing countries, as well as a summary of the advantages and disadvantages of cryptocurrencies and recommendations for their improvement. Sažetak : Velika ekonomska kriza je pokazala da globalni finansijski sistem prevashodno štiti one koji su ,,preveliki da bi propali“. Da bi se običnom čoveku omogućilo bar delimično oslobađanje od hegemonije ovog birokratizovanog i nedemokratskog sistema, kreiran je Bitcoin, prva kriptovaluta, koji funkcioniše u decentralizovanom monetarnom sistemu, baziranom na blockchainu. Pojava kriptovaluta koje su van kontrole tradicionalnih političko-ekonomskih struktura, pobudilo je nadu da se svetski monetarni sistem može demokratizovati i osloboditi od uticaja neefikasnih regulatornih institucija. U ovom radu analiziraćemo koliko je realan scenario da u doglednoj budućnosti kriptovalute prevladaju u odnosu na tradicionalne valute, polazeći od osnovnih karakteristika kriptovaluta, regulisanja njihovog računovodstvenog i poreskog statusa, međusobnog uticaja monetarne politike i kriptovalutnog sistema, potencijalnih koristi koje kriptovalute mogu ponuditi zemljama u razvoju, kao i sumarnog pregleda prednosti i nedostataka kriptovaluta i preporuka za njihovo unapređenje. Keywords: cryptocurrencies, blockchain, bitcoin, traditional currencies, digital banking Ključne reči: kriptovalute, blokčejn, bitkoin, tradicionalne valute, digitalno bankarstvo 1552099 10.5937/EKOPRE2206335L 1552101 0353-443X 2023-05-06T10:50:09.830Z 44 no 46 Ahmedin Lekpek Državni univerzitet u Novom Pazaru 0000-0002-7243-7725 application/pdf 326293 https://phaidrabg.bg.ac.rs/o:29120 no yes 1 70 92000001 20A01 Ekonomika preduzeća 70 5-6 335 345 2022