Innovative Instruments Research Articles

CROWDFUNDING AND FUNDRAISING AS INNOVATIVE FINANCIAL TOOLS IN PROVIDING ALTERNATIVE ENERGY SOURCES

Objectives. Search and substantiation of directions for investing investment resources in alternative energy sources using crowdfunding and fundraising mechanisms. Method. Research methods in this scientific article are statistical, logical, historical, graphic, as well as general methods of scientific thinking: analysis, synthesis, induction, deduction. The results. The existence of the problem of insufficient financial instruments for building a system of alternative regenerative energy sources is substantiated. The necessity of an in-depth study and analysis of the financial tools of crowdfunding and fundraising for more effective provision of financial resources for the production of alternative renewable energy sources has been proven. Scientific novelty. The need for innovative financial instruments for "green" projects of renewable sources of energy resources has been identified. It is proposed and justified to use fundraising and crowdfunding start-up projects for the most optimal financing of social, so-called "green" investments in renewable energy sources at the current stage of the military crisis. Practical significance. The practical implementation of the proposed measures for the development of innovative projects based on fundraising and crowdfunding in the system of alternative renewable energy sources in the conditions of a crisis state of the economy will save financial resources and increase the profitability of domestic enterprises in the energy sector, which will have a positive effect on the general macroeconomic situation in the state.

The Discursive Evolution of Human Rights Law: Empirical Insights from a Computational Analysis of 180,000 UN Recommendations

Abstract Building on an independent database of 180,000 UN recommendations and a novel computational method, we present the most comprehensive study of human rights (HR) debates to date. We develop a unique empirical model that measures topical density of discourse. This innovative instrument measures the discursive activity of UN HR bodies through a machine-learning textual analysis of their outputs, offering a dynamic map of evolving trends in human rights, both over time (diachronically) and across different mechanisms (synchronically) within the UN HR ecosystem. Leveraging this comprehensive dataset and sophisticated computational methodologies, we identify which protected groups are central to different mechanisms’ attention and highlight the major human rights issues that have witnessed significant changes in attention. Our research presents significant findings on the density of UN HR discourse and its implications for two major debates in the field of HR law—HR proliferation and the structural critique of UN HR bodies.

STABILIZATION MECHANISMS OF EU MONETARY POLICY IN THE CONTEXT OF INTERACTION WITH THE FINANCIAL SPHERE OF UKRAINE

Existing classic methods of analysing the monetary policy of the central bank, such as the aggregate response function, explain the behavior of the ECB in a rather simplified way. This is the result of the fact that classical methods do not consider the regional features of the members of the European Monetary Un ion and the structure of the system of central banks. The study of monetary policy with the involvement of macroeconomic theories of organization, theories of teams and coalition behavior, which are new for a macroeconomic subject, can make a significant contribution to the research process of European monetary integration. Since European integration is declared as a strategic direction of Ukraine’s economic development, the analysis and generalization of the problem of the modern European economy in the context of the impact of Russia’s war against Ukraine from 2022 is relevant. Therefore, in order to understand the problems and prospects of modernization of the functioning of the monetary and credit system in the EU, it is important to research and scientifically substantiate the stabilization mechanisms for Ukraine. The article investigates some stabilization mechanisms that are Ukraine Facility and Multi-Agency Donor Coordination Platform. Funding by Ukraine Facility is analysed through its pillars, components and implementation of main conditions for receiving benefits on the way of Ukrainian economy recovery. MultiAgency Donor Coordination Platform for Ukraine, as innovative instrument for coordinating activities of its members, is researched on the base of its existing funding mechanisms: the G7 Finance Track, the G7+ Coordination Group on energy infrastructure and the International Financial Institutions (IFIs) Coordination Group.

Globalisation and Regulatory Strategies: Adapting to Changes in International Business

This article examines the interrelations between globalisation, economic development, and ecological sustainability. It analyses the role of financial innovations in promoting sustainable development and focuses on strategies that help companies adapt and thrive in the face of globalisation, turning challenges into opportunities. Given the complexity of the global business environment, success on the international level depends not only on the speed of changes but also on compliance with various regulatory standards. Regulatory strategies are crucial for mitigating risks and leveraging new opportunities. Therefore, companies must have a thorough understanding of their internal processes and the external regulatory and political environment. The research suggests that the integration of advanced financial instruments and effective political strategies can optimise the impact of globalisation, fostering economic growth and ecological sustainability. It is important to maintain a balanced and objective tone when presenting research findings. The importance of further analysing mechanisms for regulating globalisation processes and developing innovative financial instruments to stimulate environmentally sustainable investments is underscored, emphasising the need for international cooperation and adaptation to climate change. The study concludes that achieving harmony between economic progress and environmental protection requires economic measures, such as carbon taxes and emission quota systems, that embody the principle of pollution responsibility. Legislative initiatives that set limits on emissions and regulate resource use, as well as voluntary initiatives such as corporate social responsibility programs and eco-production criteria, are also necessary. The range of approaches reflects different methods of implementation, levels of compulsion, and stakeholder involvement. The implementation of a particular strategy depends on the economic context, political climate, level of public awareness, and technical readiness of a given country or region.

Использование финансовой информации в сотрудничестве государств по выявлению и пресечению преступлений

The use of financial information in investigations plays the key role in crime combating. Efficient application of data on financial transactions facilitates identification and prevention of activities of transnational and organized criminal networks. However, limited opportunities of law enforcement authorities and the absence of access to centralized bank account registers can hinder such investigations. Enhancement of international cooperation and information exchange between law enforcement authorities and financial intelligence units (FIUs) can substantially increase the efficiency of investigations. Such cooperation includes training and professional development of employees (it is critically important to teach them contemporary financial data analysis methods and how to use cutting-edge technologies), development of new technologies. Innovative instruments of analysis of financial information are required for timely and accurate identification of criminal acts. Creation of flexible mechanisms of access to information requires development of international data exchange systems, which will enable law enforcement authorities to receive information on bank accounts without delay.

Fostering Superior Characters: Development of Innovative Instruments for Critical Reasoning and Independent Character in the Realm of Science Topic

The purpose of this study was to develop a critical reasoning and independent character instrument on the topic of human blood circulation. The method used was research and development (R&D) with a 4D model (Define, Design, Develop, and Disseminate). The results showed that the validity value of the content of critical reasoning instruments obtained a final value of 0.97, while independent instruments obtained a value of 1, which was perfect. Judging from empirical validity, vital and independent reasoning instruments were declared valid because they had a value above 0.355 from 31 students tested. Critical and independent reasoning instruments were declared reliable. The Alpha Cronbach value >0.70 had good distinguishing power because the value of the Corrected Item-Total Correlation did not exceed the Alpha Cronbach value. Developing assessment instruments for a critical and independent character in human blood circulation for fifth-grade elementary students was successful, demonstrating high validity and reliability, and held the significant potential to enhance science education through technology integration.

Transforming Financial Systems: The Role of Time Banking in Promoting Community Collaboration and Equitable Wealth Distribution

The existing global multi-crises have generated significant transformations in the architecture of financial systems, impacting local communities. Furthermore, the digital era has created a conducive environment for the development of financial innovations that can generate financial instruments supporting financial inclusion. Our research aims to identify and develop innovative financial instruments that foster closer collaboration within communities and promote a more equitable distribution of wealth and resources, directly impacting financial inclusion and well-being. The methodology used in our study is based on existing empirical research in the specialized scientific literature, as well as on identifying variables within existing models. Additionally, the use of bibliometric analyses and research tools based on artificial intelligence allows us to structure the innovative financial instruments found in the scientific databases. Building on the existence of innovative financial instruments, our paper specifically explores the concept of time banking as an innovative financial instrument, offering a new approach to economic exchange and the construction of financial mechanisms at the local community level. By using technology, especially in digital and ecological eras, time banks can be efficiently managed through online platforms where individuals can register their contributed hours and access the services they need. This study’s conclusions emphasize that time banks have the potential to serve as innovative financial instruments. Furthermore, through the analysis conducted in this study and the identified models, this study contributes to redefining the concept of time banking as an innovative financial instrument. Time banks focus on the productivity and efficiency of local community activities, with direct implications for reducing dependence on traditional currency and promoting an equitable distribution of labor. This innovative approach is promising, especially in an increasingly digitized financial landscape. Our paper seeks to capture this transformative potential and highlight our personal contributions to redefining the time bank as an innovative financial instrument.

Closure methods for large defects after gastrointestinal endoscopic submucosal dissection.

Nowadays, endoscopic submucosal dissection (ESD) is commonly performed for the removal of large gastrointestinal lesions. Endoscopic mucosal defect closure after ESD is vital to avoid adverse events. In recent years, many innovative instruments have emerged and proved to be beneficial. In this paper, we conducted a thorough literature review and summarized the closure methods for large-size post-ESD mucosal defects over decades. We separated these methods into five categories based on the operational principle: "side closure" method, "ring closure" method, "layered closure" method, "hand suturing closure" method, and "specially designed device closure" method. Side closure with clips assisted by instruments such as threads or loops is applicable for each segment of the gastrointestinal tract to prevent postoperative bleeding. If the defect tension is too large to close with the traditional side closure methods, zigzag closure and ring closure could be applied to gather the bilateral defect edges together and achieve continuous closure. In the stomach and rectum with a high risk of submucosal dead space between the submucosa and muscular layers, side closure methods with muscle layer grasping clip or layered closure methods could enable the involvement of the deep submucosa and muscle layers. The ring closure method and specially designed devices including over-the-scope clip, Overstitch, and X-tack could resolve perforation effectively. Individual closure method requires endoscope reinsertion or sophisticated operation, which may be limited by the deep location and the narrow lumen, respectively. Although specially designed devices are expected to offer promising prospectives, the cost-effectiveness remains to be a problem.

Innovation and challenges of artificial intelligence technology in personalized healthcare

As the burgeoning field of Artificial Intelligence (AI) continues to permeate the fabric of healthcare, particularly in the realms of patient surveillance and telemedicine, a transformative era beckons. This manuscript endeavors to unravel the intricacies of recent AI advancements and their profound implications for reconceptualizing the delivery of medical care. Through the introduction of innovative instruments such as virtual assistant chatbots, wearable monitoring devices, predictive analytic models, personalized treatment regimens, and automated appointment systems, AI is not only amplifying the quality of care but also empowering patients and fostering a more interactive dynamic between the patient and the healthcare provider. Yet, this progressive infiltration of AI into the healthcare sphere grapples with a plethora of challenges hitherto unseen. The exigent issues of data security and privacy, the specter of algorithmic bias, the requisite adaptability of regulatory frameworks, and the matter of patient acceptance and trust in AI solutions demand immediate and thoughtful resolution .The importance of establishing stringent and far-reaching policies, ensuring technological impartiality, and cultivating patient confidence is paramount to ensure that AI-driven enhancements in healthcare service provision remain both ethically sound and efficient. In conclusion, we advocate for an expansion of research efforts aimed at navigating the ethical complexities inherent to a technology-evolving landscape, catalyzing policy innovation, and devising AI applications that are not only clinically effective but also earn the trust of the patient populace. By melding expertise across disciplines, we stand at the threshold of an era wherein AI's role in healthcare is both ethically unimpeachable and conducive to elevating the global health quotient.

Development and prospect of acoustic reflection imaging logging processing and interpretation method

Acoustic reflection imaging logging technology can detect and evaluate the development of reflection anomalies, such as fractures, caves and faults, within a range of tens of meters from the wellbore, greatly expanding the application scope of well logging technology. This article reviews the development history of the technology and focuses on introducing key methods, software, and on-site applications of acoustic reflection imaging logging technology. Based on the analyses of major challenges faced by existing technologies, and in conjunction with the practical production requirements of oilfields, the further development directions of acoustic reflection imaging logging are proposed. Following the current approach that utilizes the reflection coefficients, derived from the computation of acoustic slowness and density, to perform seismic inversion constrained by well logging, the next frontier is to directly establish the forward and inverse relationships between the downhole measured reflection waves and the surface seismic reflection waves. It is essential to advance research in imaging of fractures within shale reservoirs, the assessment of hydraulic fracturing effectiveness, the study of geosteering while drilling, and the innovation in instruments of acoustic reflection imaging logging technology.

Renewable energy in India: key trends, drivers and prospects

The article examines the features and trends in the development of renewable energy in India in the context of the modern transformation of the global energy economy. The dynamics of growth of installed capacity in the country’s energy sector by type of generation sources has been analyzed, and stable trends in changes in the structure of primary energy consumption have been identified. The main factors for the successful development of key areas of renewable energy have been identified. Particular attention is paid to the analysis of innovative schemes and instruments of public-private partnership in the development of renewable energy. The main government documents that determine the vector and pace of transformation of the Indian energy sector taking into account the global climate agenda are considered. It is concluded that with undeniable successes in the development of renewable energy and favorable conditions for its further growth, in the foreseeable future in India, traditional energy will not lose its significant importance due to the role that it and the infrastructure created for it play in ensuring economic growth and well-being population, sustainable energy supply and energy security of the country in the context of increasing turbulence in the global energy market.

Can Chirality Answer Whether We Are Alone?

Detecting biosignatures of life in extraterrestrial environments remains one of the primary objectives of scientific inquiry. Currently, both remote and direct detection methods are primarily aimed at identifying key molecular classes fundamental to terrestrial biology. However, a more universally applicable spectroscopic approach could involve searching for homochiral molecules. Thus, this perspective delves into the significance of homochirality as a critical factor in the origin of life. Without homochirality, the formation of self-recognizing and self-replicating complex molecules would be hindered. The various hypotheses concerning the origin of homochiral molecules have been explored and analyzed within this context. This perspective emphasizes the potential for discovering extraterrestrial microscopic life through the detection of homochiral molecules using chirodetecting methods such as chromatography and chiroptical spectroscopy or circular polarimetry as a promising remote technique. This discussion highlights the importance of homochirality in the broader search for life beyond Earth and underscores the need for innovative methodologies and instrumentation in astrobiological research. These techniques can be an effective method for detecting homochirality on future planetary missions.

Socioeconomic challenges and opportunities in renewable energy transition

The global transition to renewable energy is a multifaceted endeavor that entails profound socioeconomic transformations. This study aimed to explore the socioeconomic challenges and opportunities inherent in this transition. By leveraging a comprehensive review of existing literature and case studies, this research provides insights into the economic, social, technological, and policy dimensions of renewable energy adoption. The study employed a mixed-methods approach, combining qualitative analysis of policy frameworks with quantitative assessment of economic impacts. Key findings indicate that while renewable energy technologies, such as solar and wind, are increasingly cost-competitive, high initial capital costs and long payback periods remain significant barriers. Social and cultural resistance also poses challenges, particularly in communities with strong ties to traditional energy sources. Policy inconsistencies and regulatory uncertainties further complicate the adoption of renewable energy technologies. Conversely, the study highlights numerous opportunities. Renewable energy deployment can drive substantial job creation, stimulate local economies, and enhance energy security by diversifying energy sources. Technological advancements in energy storage and smart grids are crucial for integrating renewable energy into existing systems, thereby ensuring reliability and stability. Effective policy frameworks, such as feed-in tariffs and carbon pricing, are essential for fostering investment and innovation in the renewable energy sector. The study concludes that a holistic approach, integrating economic incentives, social engagement, and robust policy frameworks, is vital for overcoming challenges and maximizing the benefits of renewable energy. Recommendations for future research include exploring innovative financial instruments, advancing energy storage technologies, and enhancing public engagement to increase social acceptance of renewable energy projects. Keywords: Renewable Energy, Socioeconomic Challenges, Energy Policy, Technological Innovation, Energy Transition, Sustainable Development.

Literature Review on Islamic Monetary Policy: Theory, Implementation and Impact

Study This study about policy Islamic monetary , which includes base theoretical , implementation in various countries, as well its impact and effectiveness . Policy Islamic monetary , which is based on principles sharia like prohibition usury , emphasis on sectors real , and principle for result , aim For create stability economy and justice socio-economic . The implementation varies in different countries, with some countries implement it system Islamic finance​ full and others using a hybrid model. Research methods used​ is review literature , which involves collection , analysis , and synthesis various source secondary like books , articles journals , and reports relevant research .​ Research result show that policy effective Islamic monetary in control inflation , pushing growth sustainable economy , and improve stability finance . However , challenges still There is in matter standardization practice between countries and integration with system global finance . This study emphasize importance innovation instrument finance sharia and improvement Work The same international For increase effectiveness policy Islamic monetary future .

Reforming Sustainability-Linked Bonds by Strengthening Investor Trust

This paper explores the emergence of sustainability-linked bonds (SLBs) as an innovative instrument to finance sustainability objectives. SLBs are any type of bond instrument for which the financial characteristics vary depending on whether the issuer achieves predefined sustainability objectives. SLBs were launched in 2019, represent 7% of labeled bonds, and now exceed USD 250 billion. In the context of the growth of sustainable finance and concerns of greenwashing, this paper asks whether SLBs are an effective mechanism to attract sustainable finance. Drawing on a complete revision of the literature and interviews with practitioners, the findings highlight the potential of SLBs to contribute to sustainability financing, especially in hard-to-abate sectors. Recommendations include defining standardized KPIs based on a materiality assessment, requesting SPTs to be supported by science, and tailored step-up mechanisms. The academic literature and experts converge in their description of greenwashing risks posed by SLBs, their signaling effect, and the lack of sophistication in SLB pricing, in particular the optionality represented by step-ups. The literature differs from the practitioners’ perception on the existence of an issuance premium. Enhancing the design of SLBs represents an opportunity to add rigor to sustainable finance and better price externalities, where material topics have an explicit impact on the cost of funding.

TSC-1 Offner Spectrometer Prototype Characterization

The Thai Space Consortium (TSC) has undertaken the development of an Offner spectrometer prototype for the TSC-1 satellite mission, aiming to enhance Earth observation capabilities. Through systematic parameter selection and radiometric analyses, optimal performance of the hyperspectral imager within established specifications was achieved in the previous study. The design phase involved selecting a two-mirror off-axis telescope coupled with the Offner spectrometer for its diffraction-limited performance. Rigorous testing validated the prototype’s alignment with simulated performance, affirming its ability to meet demanding Earth observation requirements. The experimental results demonstrate that the Offner spectrometer prototype has been successfully developed. The spatial resolution ranges between 21.0 and 24.1 µm, and the spectral resolution ranges between 7.3 and 8.7 nm, with no significant distortion. Furthermore, the signal-to-noise ratio at 550 nm is 100. This achievement positions the TSC at the forefront of innovative Earth observation instrumentation in Thailand, with implications for future space missions requiring precise and efficient hyperspectral imaging.

Evaluation of the Efficacy of Mini Percutaneous Nephrolithotomy in Comparison with Standard Percutaneous Nephrolithotomy for the Management of Large Renal Stones, a Randomized Controlled Clinical Trial

Abstract Background Management of renal calculi targets complete clearance without any residual fragments, along with pain relief and eradication of the causative micro- organisms. Percutaneous nephrolithotomy (PNL) is currently the standard treatment option for patients with complex and large renal stones. However, innovations in instruments and techniques have resulted in “miniperc”, which was found to be safe and effective. Aim and Objectives to compare between mini PNL and the standard PNL in management of renal stones (20-40 mm) regarding operative time, fluoroscopy time, blood loss, stone free rate, and postoperative complications according to modified Clavein system. Subjects and Methods This prospective randomized comparative study was carried out at Urology department Ain Shams University hospitals, from 2019 to 2022 on 93 patients coming for renal stone management. Patients were divided into 2 groups: Group A included 44 patients who underwent standard PNL, whereas Group B included 49 patients who underwent mini PNL. Result The standard PNL yielded shorter operating time 70.1 ± 13.9 min vs 96.4 ±14.3 min,p <0.001) Patients in the standard PNL group also had longer hospitalization time, nephrostomy time and catheterization time(4 vs 3 days, 36 vs 24 hours and 5 vs 4 days respectively, p < 0.001). The mean drop in hemoglobin level that necessitated blood transfusion was significantly lower in the mini PNL group (0.7 vs 1.6 gm/dl, p < 0.0001). Although the stone-free rate was higher in the standard PNL group, but this was statistically insignificant (79.5 vs 61.2%, p = 0.054) According to modified Clavien–Dindo classification, no statistical difference was detected between the 2 groups in terms of complication rates The postoperative pain and the need for postoperative analgesia were significantly more in standard PNL patients. Visual Analogue Score (VAS) was 7.4 and 5.2 in standard PNL and mini PNL respectively. Conclusion We compared the standard PNL and mini PNL regarding the safety and efficacy in management of large renal stones. Standard PNL achieved higher stone free rate and shorter operative time while mini PNL has the advantage of shorter hospitalization time and low incidence of postoperative complications and pain.

Do firms’ performance act as a catalyst of innovation: empirical evidence from innovative Indian manufacturing firms

PurposeThis paper aims to explore whether firms’ performance determines innovation using a sample of Indian manufacturing firms. The impact of innovation on firms’ performance across specific countries has been discussed in the literature. However, the effect of firms’ performance on innovation output, especially for a developing country like India, remains an open question. Against this backdrop, this paper investigates whether firms’ performance determines innovation in Indian manufacturing firms.Design/methodology/approachThe authors use patent filing information to instrument innovation and total factor productivity to instrument firms’ performance. The patent data are collected from the Patent Search and Analysis Software database and firm-level data from the Centre for Monitoring Indian Economy’s Prowess database. The study uses a sample of 309 Indian manufacturing firms from 2005 to 2021. Given the count nature of the data set used in this study coupled with over-dispersion issues, the authors have used the negative binomial regression to estimate the empirical specification of the models. There could be a possible problem of endogeneity due to the contemporary nature of innovation and firms’ performance. Therefore, to address the possible issues of endogeneity in the model, the authors have used the Generalized Method of Moments (GMM) estimators for more robustness checks of the empirical results.FindingsThe empirical results exhibit a positive and significant impact of firms’ performance on the innovation output, validating that firms’ performance determines innovation in Indian manufacturing firms. The posterior estimation results using GMM estimation also corroborate that firms’ productivity is a determining factor for the innovation output of Indian manufacturing firms. Furthermore, empirical results exhibit that the ex ante innovativeness of the firms substantially affects the current innovation. This validates that the firms’ prior experience, learning by doing and past innovative efforts are more likely to precipitate more innovation in the current period.Originality/valueThis paper’s main contribution is empirically estimating whether firms’ performance determines innovation, which is hardly discussed in the existing innovation literature, specifically using Indian manufacturing industries. Further, it adds to the existing literature in two other prominent ways. First, this paper investigates whether firms require ex ante expertise to innovate or if a firm starting from scratch can innovate significantly without any hindrances. Second, it enriches the literature by instrumenting innovation in output terms with the patent application against input measures of innovation, such as research and development expenditures, acquisition of machinery and equipment, while discussing the relationship between firms’ performance and innovation, specifically in the context of a developing economy like India.

Optimalization of Green Sukuk as an Effort to Develop Sustainable Development (SDGs) in Review of Maqashid Sharia

Rapid economic development contributes to environmental sustainability. Some of the negative impacts caused by irresponsible economic activity are air pollution, water pollution, and damage to biodiversity, which ultimately contribute to climate change. This study aims to determine the role of green sukuk in sustainable development efforts in the Maqasid Sharia review. Green Sukuk is an innovative financial instrument based on Sharia principles to support Indonesia's commitment to address climate change. Awareness of the sustainability of nature is the basis for environmentally sound development. This research uses descriptive qualitative research methods with data collection techniques, namely literature and research studies obtained from scientific journals, scientific articles, books, and research reports that contain information on green sukuk, sustainable development, Sustainable Development Goals (SDGs), and Maqasid Sharia. The results of this study explain that the integration of green sukuk in sustainable development efforts is in line with Maqasid Sharia, which aims to provide benefits for the community. There are still relatively few studies that discuss the Maqasid Sharia perspective about green sukuk. Thus, this study contributes to the literature on Islamic finance and sustainable development by offering a new perspective on the potential of green sukuk in supporting SDGs and addressing the challenges of climate change in accordance with Sharia principles.

Криптовалюты: учет и аудит в цифровой экономике

The article examines the impact of cryptocurrencies on the field of accounting and auditing, emphasizing the need to update existing methodologies in light of the digitalization of the economy. The development of the digital economy leads to the widespread use of electronic currencies. In the modern world, cryptocurrency is not only relevant as a form of electronic payments, but also promising for investments in the international market. In recent years, there has been an unprecedented increase in interest in cryptocurrencies as an innovative financial instrument, which has caused significant changes in traditional accounting and auditing approaches. The development of blockchain technology and an increase in the volume of transactions using cryptocurrencies stimulate the need to adapt accounting systems and audit procedures to new economic conditions. The article is dedicated to analyzing the advantages and disadvantages of cryptocurrencies, as well as developing new audit procedures adapted to the specifics of cryptocurrency transactions. The relevance of the topic is determined by the rapid penetration of crypto assets into the financial world and the challenges they pose for traditional accounting systems. It also necessitates the adaptation of accounting standards and auditing practices to new economic realities. The work uses a comprehensive approach, including the analysis of academic sources, regulatory documents, as well as expert opinions and practical case studies. The results show that the integration of cryptocurrencies requires standardization of accounting and updating of audit approaches, as well as raising the level of specialists' knowledge. The article offers recommendations that contribute to increasing the transparency of financial operations and strengthening investor confidence. This research is of interest to professionals in the field of financial accounting and auditing, as well as researchers studying the impact of digital technologies on economic processes.