BUSINESS INFORM №12-2017

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Section: Finance, Money Circulation and Credit
UDC 336.027:004.4
Nadievets L. M.
The Economic and Legal Status of Cryptocurrency Both in Ukraine and Abroad (p. 390 - 396)
The article is aimed at disclosing the economic essence of cryptocurrency, researching the foreign experience in the use of digital currency in market economies and the possibilities of its adaptation to the conditions of Ukraine. Attention is focused on the advantages and disadvantages of using cryptocurrency in the development of the modern economy. Definitions of the category of «cryptocurrency» from different literary sources have been generalized. It has been defined that the first and most widespread cryptocurrency in different countries of the world is the Bitcoin. The features of issue and circulation of cryptocurrency both in Ukraine and abroad have been clarified. The international experience of work with cryptocurrency was considered and its potential influence on development of the national economy was determined. The economic and legal status of national and foreign cryptocurrencies was researched. The ways of overcoming the legal vacuum of the mode of work with national and foreign cryptocurrencies have been proposed.
Keywords: cryptocurrency, Bitcoin, legal status.
Fig.: 2. Tabl.: 1. Bibl.: 17.

Nadievets Luidmila M. – Candidate of Sciences (Economics), Associate Professor, Department of Finance, Accounting and Audit, Khmelnitsky Cooperative Trade and Economic Institute (3 Kamianetska Str., Khmelnitsky, 29013, Ukraine)
Email: [email protected]

Article is written in Ukrainian
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Reference to this article:
Nadievets, Luidmila M. (2017) “The Economic and Legal Status of Cryptocurrency Both in Ukraine and Abroad.” Business Inform 12:390–396.

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