Issues of Regulation of the Use of Cryptocurrency in the Russian Federation

Authors

  • Verzhevsky P. A. Rosfinmonitoring in the Republic of Crimea and the city of Sevastopol, employee of the interregional directorate, Sevastopol State University, graduate of the Master's Degree of the Department of Finance and Credit, Sevastopol

DOI:

https://doi.org/10.18502/kss.v3i2.1553

Abstract

The paper is devoted to the analysis of issues of regulation of use of cryptocurrency in the Russian Federation and offers the possible measures to solve them. The conclusion is made that the ideal desired result would be the creation of such a controlled financial and economic mechanism based on blockchain technology that would become more attractive for its potential participants than the "usual" cryptocurrencies and smart contract systems.

 

Key words: cryptocurrency, legal regulation, financial system, transactions, financial risks, financial mechanism.

References

Basic manual on the detection and investigation of money laundering committed via the virtual currency. [Electronic resource]. Access mode: http://www.imolin. org/pdf/UNODC_VirtualCurrencies_final_RU_Print.pdf

«Interpol cyber research identifies malware threat to virtual currencies». [Electronic resource]. Access mode: http://www.interpol.int/News-and- media/News/2015/N2015-033

Downloads

Published

2018-02-15

How to Cite

P. A., V. (2018). Issues of Regulation of the Use of Cryptocurrency in the Russian Federation. KnE Social Sciences, 3(2), 267–272. https://doi.org/10.18502/kss.v3i2.1553

Issue

III Network AML/CFT Institute International Scientific and Research Conference "FinTech and RegTech"

Section

Articles