CRYPTOCURRENCY AS A PHENOMENON IN THE MODERN ECONOMY
Published: 2025-12-21
Abstract
The article considers cryptocurrency not as an "Internet coin", but as a combination of technologies, market practices and institutions that change the ways of issuing, circulation and accounting of value. The material is devoted to three topics: demand factor - institutionalization through exchange-traded funds and use in cross-border settlements, main risks - price volatility, operational disruptions, and external environmental impacts, regulatory responses - the EU MiCA system, and the Central Bank's interest in digital currencies.
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This work is licensed under a Creative Commons Attribution 4.0 International License.
