DIGITAL CURRENCY: TO BE OR NOT TO BE
Abstract
Cryptocurrency is an innovative achievement of recent years. Currently, cryptocurrencies are taking legal form in various countries. They take their place in financial systems and there are objective reasons for this. This article presents the main economic and legal approaches in determining the status of digital currency. The purpose of the study is to determine the options for the approach to the legislative regulation of the status of cryptocurrencies. The article analyses development and prospects of regulation of blockchain technology in the digital economy, the main advantages and disadvantages of its use. Features of regulation of cryptocurrencies in Kazakhstan are noted, the importance of introduction of digital technologies for business, the state and citizens is revealed.The article uses the methods of comparative analysis, logical research, in order to assess the mechanism of regulation of modern digital money.
About the Authors
I. G. Zvinger
NKSU named after M. Kozybaev
Kazakhstan
Kazakhstan
Petropavlovsk
Yu. V. Foot
NKSU named after M. Kozybaev
Kazakhstan
Kazakhstan
Petropavlovsk
References
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5. Annual report on the activities of the Аstana international financial centre. 2019.Available at: http://www.aifc.kz.
Review
For citations:
Zvinger I.G., Foot Yu.V. DIGITAL CURRENCY: TO BE OR NOT TO BE. Vestnik of M. Kozybayev North Kazakhstan University. 2019;(4 (45)):94-99.
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