Abstract
The processes of digitalization of public relations are very extensive, and of course, they do not bypass the economic, financial and monetary spheres. First of all, the transformation of monetary circulation affected the institution of money: along with the usual classical forms of money, their digital counterparts - cryptocurrencies - appeared. In modern realities, cryptocurrencies are a very controversial phenomenon. On the one hand, it is a highly effective financial instrument that can be used to quickly and very inexpensively conduct transactions between money market participants. On the other hand, cryptocurrency is a poorly understood economic phenomenon; and in the opinion of a huge number of people, the reckless introduction of cryptocurrencies into the sphere of monetary circulation as a legitimate means of payment threatens the entire economic system. In order to clarify the possible nuances associated with the specifics of cryptocurrency as the most promising alternative to classic money, below are the author's reflections on Decentralized Finance (DeFi), based on the use of blockchain technologies. For greater objectivity, the study is divided into several directions; this will allow a deeper assessment of the national economy's need for modernization through the introduction of a new payment, settlement and financial instrument
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
