LEGALIZATION OF THE CRYPTO CURRENCY MARKET: OPPORTUNITIES AND RISKS FOR NATIONAL ECONOMIC SYSTEMS

Autores

  • Marat R. Safiullin Kazan Federal University.
  • Leonid A. Elshin State Budgetary Institution Center of Perspective Economic Researches of the Academy of Sciences of the Republic of Tatarstan
  • Aliya A. Abdukaeva State Budgetary Institution Center of Perspective Economic Researches of the Academy of Sciences of the Republic of Tatarstan

DOI:

https://doi.org/10.22478/ufpb.2179-7137.2019v8n4.48424

Palavras-chave:

crypto currency, national economic system, risks and opportunities, macroeconomic and social effects, legalization of the crypto currency market

Resumo

Today there is a profound transformation of the traditional money and finance world. Innovations in the financial sector, new technologies, tools and systems entail serious and profound changes in the financial institutions that are familiar to us. One of the most important stages of these transformation processes was the emergence of crypto currencies, accompanied by the rapid development of related technologies and the lack of a clear picture of the future landscape of ecosystems.The search for scientifically grounded mechanisms that reveal the specific features of the impact of the crypto currency market legalization processes on national economic systems contributes significantly to an understanding and objective perception of the prospects for their development. This paper is devoted to solving this problem. The object of the study is the global crypto currency market, which forms the institutional and conjunctural parameters of the national economic systems development. As the subject of the study is the process of designing and scientific and methodological justification of the prospects, opportunities and risks of the development of the national economy formed as a result of the legalization of the crypto currency market.As a result of the conducted studies and implemented assessments, scientifically grounded hypotheses on the influence of the "digital money" legalization mechanisms on key macroeconomic processes have been formed

Downloads

Não há dados estatísticos.

Referências

Elshin L.A., Abdukaeva A.A., Prospects for generating business activity using digital money / Methods, mechanisms and factors of international competitiveness of national economies. 2017, p.91-94

Cocco L., Concas G., Marchesi M. Using an artificial financial market for studying a crypto currency market, Journal of Economic Interaction and Coordination - 2017. - Vol.12, Is.2. - pp. 345-365.

Elshin L.A., Abdukaeva A.A., Financial instruments for energizing business activity: features and prospects / The problem of risk in the current crisis conditions of the world economy. 2017, p.74-77.

Savelichev M.V. Determination of potential and perspective directions of introduction of corporate calculations based on electronic cryptographic transactions / Electronic economic bulletin of Tatarstan. 2017, p.51-75

Draft Federal Law "On Digital Financial Assets" URL: https://www.minfin.ru/ru/document/?id_4 = 121810 & area_id = 4 & page_id = 2104 & popup = Y% 20% 20% 20% 20% 20 #

Service for statistical information on bitcoin URL: https://coin.dance/volume/localbitcoins/USB

Hayes A. Crypto currency value formation: An empirical study leading to the cost of the production model for valuing bitcoin // Telematics and Informatics - 2017. - Vol.34, Is.7. - pp. 1308-1321.

Koblitz N. Menezes A.-J. Cryptocash, crypto currencies, and cryptocontracts // Designs, Codes and Cryptography - 2016.- Vol.78, Is.1. - pp. 88-102.

Pieters G., Vivanco S. Financial regulations and price inconsistencies across the Bitcoin markets // Information Economics and Policy- 2017.- Vol.39. - pp. 1-14.

Sauer B. Virtual Currencies, the Money Market, and Monetary Policy. International Advances in Economic Research 2016. Vol.22, Is.2. - pp. 117-130

Downloads

Publicado

2019-10-02

Como Citar

SAFIULLIN, M. R.; ELSHIN, L. A.; ABDUKAEVA, A. A. LEGALIZATION OF THE CRYPTO CURRENCY MARKET: OPPORTUNITIES AND RISKS FOR NATIONAL ECONOMIC SYSTEMS. Gênero & Direito, [S. l.], v. 8, n. 4, 2019. DOI: 10.22478/ufpb.2179-7137.2019v8n4.48424. Disponível em: https://periodicos.ufpb.br/ojs/index.php/ged/article/view/48424. Acesso em: 17 out. 2021.

Edição

Seção

Seção Livre