Application of cryptocurrency as an innovative method of payment
DOI:
https://doi.org/10.35774/app2019.04.081Keywords:
method of payment, cryptocurrency, cryptocurrency market, regulation in the area of cryptocurrencies, institutional regime, legal status of cryptocurrenciesAbstract
The problem of the essence of cryptocurrency as a method of payment has been investigated. The absence of a unified legal regulation of the terms "method of payment", "cryptocurrency" is proved. The possibility of cryptocurrencies’ application through the prism of performing the functions of money is analyzed. Attention was drawn to the need for flexible legal regulation to further effective evolve along with the cryptocurrency and technology sector without hindering innovation.
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