Investments In Innovative Technologies And Digital Financial Assets: Problems And Prospects

Abstract

The article is devoted to the research of current trends and tendencies of investments attracted to the digital financial assets industry, in particular, to the field of cryptocurrencies. Modern tendencies of investments in innovative technologies are defined; the statistical analysis of the digital financial assets industry over a period of 2015-2019 is carried out. The aim of the following research is to overview the main spheres of application of cryptocurrency and digital assets; to analyze the impact of factors affecting the adoption of digital assets in different countries; to define the existing obstacles to further attraction of capital to the industry. The legislative aspects of ownership and usage of cryptocurrency in different countries were considered in the course of the research; the statistical model describing the factors influencing the population’s intention to make transactions with cryptocurrencies was built. Based on the results of the research the conclusion was made that the existing legal regulations are focused on restricting the function of the means of payment of cryptocurrencies, which damages the industry and slows its development. Instead of supporting DeFi tools, governments expect to emit their own crypto tokens to reduce the transactional costs. However, the results of the research show that the digital assets industry steadily expands year by year despite restrictive measures and negatively correlates with fiat currencies’ dynamics. The obtained results may be used in predicting further tendencies and prove that the industry will soon have a serious impact on the global financial system.