THE EVALUATION OF CRYPTOCURRENCY
Abstract and keywords
Abstract (English):
The article estimate some aspects of the functioning of cryptocurrency, as a relatively new financial market instrument, the main participants in this market segment, cryptocurrency exchanges, taking into account key criteria: accessibility, mobility, operational efficiency. The aspects of regulation at the world and national levels are investigated. The authors give an assessment of the mechanism for regulating cryptocurrencies in separate countries ,which recognize this instrument and actively regulate it (Ar-gentina, Canada, Japan, Malazia, Switzerland),as well as countries, which reject (Vi-etnam) or just tolerate cryptocurrency, but do not have the regulatory framework for it use. Obviously, cryptocurrency is a relatively new instrument of the financial market, but its value not depend with amount of labour invested, as it is traditionally charac-teristic for conventional goods and services. The research shows that bitcoin still remains the most widespread type between other different kinds of cryptocurrencies. A significant aspect of cryptocurrencies functioning is their regulation. In our country there is no legislative certainty yet, but some steps have been made in this di-rection. In the long term, cryptocurrencies will be regulated at the international level, and the emphasis will be on preventing the use of their illegal financial transactions and for money laundering.

Keywords:
Cryptocurrency, characteristics, capitalization, regulation, cryptocurrency exchanges
References

1. Official Internet portal of legal information [Electronic resource] // URL: http://www.pravo.gov.ru

2. International information agency "LetKnow News" [Electronic resource] // URL: http://www.letknow.news

3. Information resource "TTRCoin.com" [Electronic resource] // URL: http://www.ttrcoin.com

4. Service capitalization cryptocurrency “Coinmarketcap” [Electronic resource] // URL: http://www.coinmarketcap.com

5. Rossiyskaya Gazeta, 10.01.2019, №4 (7762), p.3

6. Arieff A. The New York Times. - 2015. - 5 September.

7. Nelson A. Swiss regulator gives ICOs / Financial Times. - 2018. - 16 February.

8. Tapscott D., Tapscott A. Blockchain revolution: how the technology behind is changing money, business, and the world. - New York: Penguin, 2016. - 324 p.

9. Electronic Resource / ESMA - European Securities and Markets Authority: website. - 2018. - 12 February. - URL: https://www.esma.europa.eu/press-news/esma-news/esas-warn- consumers-risks-in-buying-virtual-currencies (accessed: 04/27/2019).

10. Financial measures to curb speculation in cryptocurrency trading. Press Re-lease 23 January 2018 [Electronic resource] / Financial Services Commission. - URL: https: // -wwww.fsc.go.kr/downManager?bbsid=BBS0048&no= 123388 (accessed: 04/27/2019).

11. Frisby D. Bitcoin: the future of money? - [S. 1.]: Random House, 2014.

12. McKinnom J.D., Tracy K IRS says bitcoin is property, not currency / Wall Street Journal. - 2014. - 25 March.

13. Phillips K.D. The ultimate bitcoin business guide: for entrepreneurs and business advisors. - North Charleston: CreateSpace Independent Publishing Platform, 2015. - 330 p.

14. Vigna P., Casey M.J. The age of cryptocurrency: How are the global eco-nomic order. - London: Bodley Head, 2015. - 384 p.

15. Duggal P. Blockchain contracts and cyberlaw. - New Delhi: Saakshar Law Pub-lications, 2015. - 39 p.

16. Halpern S. Bitcoin mania / New York Review of Books. - 2018. - Vol. 65, No. 1 (18 January).

17. Dendrinou V. EU cautions banks over virtual currencies / Wall Street Journal. - 2014.-4 July.

18. Jenkins Y. Bitcoin: money without borders. - Oxford: Ethical Financial Ser-vices Ltd, 2014. - 51 p.

Login or Create
* Forgot password?