On the Need for State Regulation of Cryptocurrencies: Statistical Justification and Assessment

DOI

10.2991/aebmr.k.201205.028How to use a DOI?

Keywords

Digital currencies, crypto exchanges, legal framework, investors, shadow economy

Abstract

The subject of the research is the statistical characteristics of the cryptocurrency market and the legal framework for its regulation. The purpose of the study is to identify the priority areas of state regulation of the digital cryptocurrency market based on the analysis of statistical data in the area under study. The following general scientific research methods were used in the work: deduction and induction; analysis and synthesis; analogy; description. Moreover, the method of textual information analysis, graphical and tabular methods of data presentation were used. The factors of establishing a system of state regulation of operations with cryptocurrency are identified: price volatility as an indicator of the profitability of cryptocurrency investors, the increasing scale of investments in the digital market, as well as the expansion of the number of professional participants in the digital market. The development trends of the national digital currency market are identified and the modern system of state regulation of cryptocurrency in Russia is analyzed. In the final part of the study, the author has developed the main vectors for the development of legal regulation of the cryptocurrency market.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - A.V. Tikhonova
PY  - 2020
DA  - 2020/12/07
TI  - On the Need for State Regulation of Cryptocurrencies: Statistical Justification and Assessment
BT  - Proceedings of the 2nd International Scientific and Practical Conference on Digital Economy (ISCDE 2020)
PB  - Atlantis Press
SP  - 173
EP  - 178
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.201205.028
DO  - 10.2991/aebmr.k.201205.028
ID  - Tikhonova2020
ER  -