Cryptocurrency as a Threat to the Russian Financial Market Security

Autor: Tatyana Yakhno, Vyacheslav Bubnov
Rok vydání: 2020
Předmět:
Zdroj: Proceeding of the International Science and Technology Conference "FarEastСon 2019" ISBN: 9789811522437
Popis: The Russian financial market is nowadays at the stage of transformation caused by international sanctions and trade wars between the world leading national economies. One of the consequences of the international financial policy of the last decade is the demand for financial assets that are not controlled by state authorities. As a result, a cryptocurrency based on Internet technologies and blockchain technology appeared. Consequently, financial systems are being distorted, and the scientific and financial community cannot decide on the blockchain policy, nor even on its definition generally accepted and fixed by law. Financial institutions and large corporations begin actively using blockchain technology in their commercial and financial activities under high risks and legal uncertainty. The attempt to consider this phenomenon and its influence on the national and global financial systems is of undoubted scientific and practical interest.
Databáze: OpenAIRE