Cryptocurrency – Money of the Digital Economy

Abstract

The study considers modern aspects of the digital economic development based on cryptocurrencies. The above problems are analyzed using qualitative and quantitative methods for assessing the use of cryptocurrencies in the national economy and in international relations. The study covers the period of 2013–2019. The author assesses the influence of positive and negative factors of international economic and financial cooperation. An analysis of the practice of applying digital currencies allowed justifying the need for urgent innovative solutions in the field of macro-prudential regulation of the cryptocurrency turnover. The gradual transition to a new model of economic growth implies a more intensive use of new digital technologies. The study presents debatable issues of the possibility and feasibility of using collective cryptocurrencies and illustrates the author’s position on the prospects and risks of using blockchain technologies and global digital currencies, which is a key issue in the international cooperation of countries. In the context of the global information space, the first steps to achieve a balance of currency relations and trade exchange are to develop national monetary systems based on national digital currencies and their gradual integration into the global currency system in the future.