Institutional environment for the development of digital economy and blockchain technologies in the Russian Federation

The digital economy, along with new opportunities, presents new challenges. Along with distributed registry technology called blockchain, the economy includes cryptocurrencies. A whole area of cryptoeconomics is emerging, and its development brings new opportunities to reduce the cost of market tran...

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Bibliographic Details
Published in:IOP conference series. Materials Science and Engineering 2019-11, Vol.667 (1), p.12035
Main Authors: Kaluzhnova, Nadezhda, Kosykh, Egor, Frolov, Ilya
Format: Article
Language:English
Subjects:
Blockchain
Cryptography
Digital currencies
Digital economy
Economics
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Summary:The digital economy, along with new opportunities, presents new challenges. Along with distributed registry technology called blockchain, the economy includes cryptocurrencies. A whole area of cryptoeconomics is emerging, and its development brings new opportunities to reduce the cost of market transactions. At the same time, the spontaneous development of cryptoeconomics has negative effects. Regulation of cryptoeconomics meets the problems of understanding the essence and role of cryptocurrency in the economy. The article deals with the directions of regulation and contradictions arising in the regulation of cryptoeconomics. The interrelation of blockchain and cryptocurrencies is considered. The ways of regulating cryptoeconomics in different countries are shown. Unresolved issues and challenges in the development of blockchain technologies and cryptoeconomics are outlined.
ISSN:1757-8981
1757-899X
DOI:10.1088/1757-899X/667/1/012035