Digital investment mechanisms in the cryptocurrency market: content, problems, and development prospects
Larisa Yuzvovich, Victor Ivanitsky, Tatyana Reshetnikova
Available Online January 2019.
- https://doi.org/10.2991/sicni-18.2019.54How to use a DOI?
- cryptocurrency, investment, digital currencies, digitization.
- 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.
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 -