Financial Markets Security: Tax Aspect

DOI

10.2991/aebmr.k.200312.121How to use a DOI?

Abstract

Financial markets are the fundamental of the functioning of the modern economy. The development and globalization of financial markets has made the speed of information presentation, the speed of its processing and security as the main criteria for their functioning. Digital technologies, instantly penetrating into the financial sphere, make the question of interest about the safety protection of the financial market functioning. The author discusses the foundations of the functioning of financial markets, and their tools. Special attention is given to the safety. The focus is on those security threats that carry cryptocurrencies that have appeared relatively recently and are widely used in both national and international markets. In the world community there is no unequivocal understanding of what a cryptocurrency is: a digital commodity, a calculated monetary unit, an investment asset. Due to the lack of consistent approach to the essence of cryptocurrency and its uncertain legislative status in many jurisdictions of the world, the tax aspects of its operation are of great interest and they determine the relevance and novelty of this research. The paper discusses a number of threats in terms of tax administration of operations with cryptocurrencies. There is the assumption that it is necessary to create a model of a financial market along with its convenience, speed and multi-functionality, which would provide the guarantee of security and transparency in financial markets, the safety of clients’ assets and their personal data.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yu B Bubnova
PY  - 2020
DA  - 2020/03/17
TI  - Financial Markets Security: Tax Aspect
BT  - Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)
PB  - Atlantis Press
SP  - 882
EP  - 891
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200312.121
DO  - 10.2991/aebmr.k.200312.121
ID  - Bubnova2020
ER  -