Proceedings of the 2nd International Scientific conference on New Industrialization: Global, national, regional dimension (SICNI 2018)

Digital investment mechanisms in the cryptocurrency market: content, problems, and development prospects

Authors
Larisa Yuzvovich, Victor Ivanitsky, Tatyana Reshetnikova
Corresponding Author
Larisa Yuzvovich
Available Online January 2019.
DOI
https://doi.org/10.2991/sicni-18.2019.54How to use a DOI?
Keywords
cryptocurrency, investment, digital currencies, digitization.
Abstract
The subject of the study is the economic relations arising in the process of sale and purchase of cryptocurrencies using digital mechanisms. New technologies in the field of currency circulation, the emergence of new types of currencies—cryptocurrency—lead to the emergence of a new economic reality of digitization. Cryptocurrencies change the usual idea of how money can be. In the traditional view, a currency is always emitted by a specific state represented by a national or state bank, but the cryptocurrency is decentralized, it is a non-state, more precisely, supranational structure. It can be said that cryptocurrency is the digital currency of the new industrialization of the cryptocurrency market. In developed countries, state borders are becoming increasingly transparent, the population is becoming more mobile, and the processes of digital finance globalization make universal money in demand that allow instant transactions on the Internet. Thus, the emergence of cryptocurrency is a kind of indicator of digital transformations occurring in the whole society.
Open Access
This is an open access article distributed under the CC BY-NC license.

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Cite this article

TY  - CONF
AU  - Larisa Yuzvovich
AU  - Victor Ivanitsky
AU  - Tatyana Reshetnikova
PY  - 2019/01
DA  - 2019/01
TI  - Digital investment mechanisms in the cryptocurrency market: content, problems, and development prospects
BT  - Proceedings of the 2nd International Scientific conference on New Industrialization: Global, national, regional dimension (SICNI 2018)
PB  - Atlantis Press
SP  - 266
EP  - 271
SN  - 2352-5398
UR  - https://doi.org/10.2991/sicni-18.2019.54
DO  - https://doi.org/10.2991/sicni-18.2019.54
ID  - Yuzvovich2019/01
ER  -