GLOBAL EXPERIENCE OF APPLICATION AND PROBLEMS OF IMPLEMENTATION OF CRYPTOCURRENCY AS A FINANCIAL INNOVATION

Abstract

The main advantages of cryptocurrency are justified: confidentiality and, therefore, the security of owner data; independence from the state; absence of territorial and time constraints in transactions; low cost of service, etc. The advantages and disadvantages of using cryptocurrency in the period of exacerbation of economic crisis are presented. The global experience of legal and market regulation of cryptocurrency circulation is considered. Prospects for the further functioning of cryptocurrency as a financial innovation in modern economic systems are outlined.