ACCOUNTING ASPECTS OF CRYPTOCURRENCY OPERATIONS MANAGEMENT

Abstract

The information technology development results in the origin of new types of cryptocurrency. Main advantages of the cryptocurrency use are decentralization and freedom of transactions. Cryptocurrency acts worldwide as the inexpensive technological means of payment as well as special form of investment. Nowadays, there is no shared idea as for the interpretation of the “cryptocurrency” concept. On the one hand, it is considered as the “virtual currency” and called both a special payment network and a new type of monetary means. On the other hand, it is called a “digital asset”, which can be exchanged for other assets. Cryptocurrency is characterized by a free market rate formed on the demand-supply basis.