Cryptocurrencies: new challenge for Ukraine’s financial system
Journal Title: Формування ринкових відносин в Україні. Збірник наукових праць - Year 2017, Vol 12, Issue 12
Abstract
The development of technology in many ways simplifies everyday life, so the emergence of electronic payments and electronic money was expected. It is determined that to date there is no regulatory framework that would regulate relations between users, on the basis of which the standpoint of the necessity of not only detailed scientific study of cryptography, but also the need for the development of institutional norms, is defended. It is noted that the cryptocurrency market should be considered as an open, complex, stochastic, dynamic, controlled economic system with a number of inputs and outputs. Emphasized that integration occurs between virtual and real sectors of the economy, and institutions should use adaptive approach to ensure the success of future activities. The article deals with the concept, essence and history of the appearance of bitokin, the main question is whether the bitcoins are a full–fledged money patron. Considered the possibility of creating a sufficiently strong fundamental legal basis for the use of this type of currency.
Authors and Affiliations
V. HALASIUK
Keywords
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