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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

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

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authors

  • Verzhevsky P. A.

    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

Published Date

  • Feb 15, 2018

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

KnE Social Sciences / III Network AML/CFT Institute International Scientific and Research Conference "FinTech and RegTech" / Pages 267-272

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
[1] 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


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