Cryptocurrencies as Obligations in Decentralized Payment Systems

Abstract

As a result of the digital transformation of the economy, virtual currencies, and in particular cryptocurrency, are not only a new economic phenomenon. The high degree of anonymity and mobility in movement between countries, the sometimes sharply changing value, and their more reliable safety compared to cash — ensure the growing popularity of virtual currencies. However, the emergence of decentralized payment systems and virtual currencies creates serious problems for government authorities in various countries, which are largely due to the fact that even among international organizations a universal approach to the concept of cryptocurrency and virtual currency has not yet been formed.