THE CRYPTOCURRENCY MARKET: THE DEVELOPMENT FORECAST
This article presents the analyze of the cryptocurrency market, the practice of state regulation of the cryptocurrency. During the market research of the cryptocurrency and the experience of its regulation, author identified certain similarities. First, each state strives to create a favorable clima...
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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2018-04-01
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| Series: | Вестник университета |
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| Online Access: | https://vestnik.guu.ru/jour/article/view/1011 |
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| author | V. Shaydullina |
| author_facet | V. Shaydullina |
| author_sort | V. Shaydullina |
| collection | DOAJ |
| description | This article presents the analyze of the cryptocurrency market, the practice of state regulation of the cryptocurrency. During the market research of the cryptocurrency and the experience of its regulation, author identified certain similarities. First, each state strives to create a favorable climate for the development of new technologies (blockchain), seeing a great potential for using technology in the public and private sectors. Secondly, there is a rapid growth of the cryptocurrency market, and the state, not adapting the existing national legislation to the existing challenges of the digital economy, faces a lack of revenue to the budget, since the cryptocurrency is outside the legal jurisdiction. Third, today there are over a thousand different cryptocurrencies, accordingly, unified standards for their regulation should be developed. |
| format | Article |
| id | doaj-art-3579b1133ab448ef839e103a99139a02 |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2018-04-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-3579b1133ab448ef839e103a99139a022025-02-04T08:27:55ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152018-04-010414014410.26425/1816-4277-2018-4-140-1441011THE CRYPTOCURRENCY MARKET: THE DEVELOPMENT FORECASTV. Shaydullina0Financial University under the Government of the Russian FederationThis article presents the analyze of the cryptocurrency market, the practice of state regulation of the cryptocurrency. During the market research of the cryptocurrency and the experience of its regulation, author identified certain similarities. First, each state strives to create a favorable climate for the development of new technologies (blockchain), seeing a great potential for using technology in the public and private sectors. Secondly, there is a rapid growth of the cryptocurrency market, and the state, not adapting the existing national legislation to the existing challenges of the digital economy, faces a lack of revenue to the budget, since the cryptocurrency is outside the legal jurisdiction. Third, today there are over a thousand different cryptocurrencies, accordingly, unified standards for their regulation should be developed.https://vestnik.guu.ru/jour/article/view/1011cryptocurrencyblockchaindigitizationdigital economylegal regulationinstitutionalization |
| spellingShingle | V. Shaydullina THE CRYPTOCURRENCY MARKET: THE DEVELOPMENT FORECAST Вестник университета cryptocurrency blockchain digitization digital economy legal regulation institutionalization |
| title | THE CRYPTOCURRENCY MARKET: THE DEVELOPMENT FORECAST |
| title_full | THE CRYPTOCURRENCY MARKET: THE DEVELOPMENT FORECAST |
| title_fullStr | THE CRYPTOCURRENCY MARKET: THE DEVELOPMENT FORECAST |
| title_full_unstemmed | THE CRYPTOCURRENCY MARKET: THE DEVELOPMENT FORECAST |
| title_short | THE CRYPTOCURRENCY MARKET: THE DEVELOPMENT FORECAST |
| title_sort | cryptocurrency market the development forecast |
| topic | cryptocurrency blockchain digitization digital economy legal regulation institutionalization |
| url | https://vestnik.guu.ru/jour/article/view/1011 |
| work_keys_str_mv | AT vshaydullina thecryptocurrencymarketthedevelopmentforecast AT vshaydullina cryptocurrencymarketthedevelopmentforecast |