Prospects for the use of cryptocurrency in public monetary circulation

The modern world is changing rapidly. Digitalization is becoming more and more important and penetrates into all spheres of society. The digital transformation of financial and monetary processes and systems deserves special attention. It is important to determine the place and role of the state in...

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Autores principales:	G. G. Danilyants, M. V. Volik
Formato:	article
Lenguaje:	RU
Publicado:	Publishing House of the State University of Management 2021
Materias:	money circulation electronic money digitalization cryptocurrency bitcoin electronic money platform central bank government regulation economic development Sociology (General) HM401-1281 Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/d720e4952122493db6422c39f616341b
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id	oai:doaj.org-article:d720e4952122493db6422c39f616341b
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spelling	oai:doaj.org-article:d720e4952122493db6422c39f616341b2021-12-03T07:43:36ZProspects for the use of cryptocurrency in public monetary circulation1816-42772686-841510.26425/1816-4277-2021-7-187-192https://doaj.org/article/d720e4952122493db6422c39f616341b2021-09-01T00:00:00Zhttps://vestnik.guu.ru/jour/article/view/2995https://doaj.org/toc/1816-4277https://doaj.org/toc/2686-8415The modern world is changing rapidly. Digitalization is becoming more and more important and penetrates into all spheres of society. The digital transformation of financial and monetary processes and systems deserves special attention. It is important to determine the place and role of the state in the regulation of these processes. This paper examines the current state and prospects of using cryptocurrency as an element of monetary circulation. Analysis of the dynamics of the bitcoin rate showed that the use of cryptocurrencies is promising. However, it is necessary to improve the regulatory framework. The introduction and use of the national cryptocurrency in Russia will stabilize the state of the financial system in relation to the dollar, ensure the safety of economic development and reduce transaction costs.G. G. DanilyantsM. V. VolikPublishing House of the State University of Managementarticlemoney circulationelectronic moneydigitalizationcryptocurrencybitcoinelectronic money platformcentral bankgovernment regulationeconomic developmentSociology (General)HM401-1281Economics as a scienceHB71-74RUВестник университета, Vol 0, Iss 7, Pp 187-192 (2021)
institution	DOAJ
collection	DOAJ
language	RU
topic	money circulation electronic money digitalization cryptocurrency bitcoin electronic money platform central bank government regulation economic development Sociology (General) HM401-1281 Economics as a science HB71-74
spellingShingle	money circulation electronic money digitalization cryptocurrency bitcoin electronic money platform central bank government regulation economic development Sociology (General) HM401-1281 Economics as a science HB71-74 G. G. Danilyants M. V. Volik Prospects for the use of cryptocurrency in public monetary circulation
description	The modern world is changing rapidly. Digitalization is becoming more and more important and penetrates into all spheres of society. The digital transformation of financial and monetary processes and systems deserves special attention. It is important to determine the place and role of the state in the regulation of these processes. This paper examines the current state and prospects of using cryptocurrency as an element of monetary circulation. Analysis of the dynamics of the bitcoin rate showed that the use of cryptocurrencies is promising. However, it is necessary to improve the regulatory framework. The introduction and use of the national cryptocurrency in Russia will stabilize the state of the financial system in relation to the dollar, ensure the safety of economic development and reduce transaction costs.
format	article
author	G. G. Danilyants M. V. Volik
author_facet	G. G. Danilyants M. V. Volik
author_sort	G. G. Danilyants
title	Prospects for the use of cryptocurrency in public monetary circulation
title_short	Prospects for the use of cryptocurrency in public monetary circulation
title_full	Prospects for the use of cryptocurrency in public monetary circulation
title_fullStr	Prospects for the use of cryptocurrency in public monetary circulation
title_full_unstemmed	Prospects for the use of cryptocurrency in public monetary circulation
title_sort	prospects for the use of cryptocurrency in public monetary circulation
publisher	Publishing House of the State University of Management
publishDate	2021
url	https://doaj.org/article/d720e4952122493db6422c39f616341b
work_keys_str_mv	AT ggdanilyants prospectsfortheuseofcryptocurrencyinpublicmonetarycirculation AT mvvolik prospectsfortheuseofcryptocurrencyinpublicmonetarycirculation
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Prospects for the use of cryptocurrency in public monetary circulation

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