CRYPTOCURRENCY: NEW TRENDS OF FINANCIAL DIGITALIZATION

Аннотация

The active development of information technology and the spread of globalization processes contributed to the emergence of new varieties of digital money, which today has become a new challenge to the customary traditions of money circulation and is transformed into a purely conditional (virtual) reality and a key element of the virtual economy. Among the digital money it is important to distinguish the cryptocurrency – a digital currency protected by cryptographic technology. The urgency of scientific research on the use of cryptocurrency in the monetary sphere is conditioned by the institutional problems faced by society in the process of information economics and e-commerce development. Mainly those are the problem of trust, volatility, determination of the legal status of cryptography, risks of information attacks, bans from individual states, etc.