Legalization of the crypto currency market: opportunities and risks for national economic systems

AutorMarat R. Safiullin - Leonid A. Elshin - Aliya A. Abdukaeva
CargoKazan Federal University. - State Budgetary Institution Center of Perspective Economic Researches of the Academy of Sciences of the Republic of Tatarstan. e-mail: Leonid.Elshin@tatar.ru. Tel.:89872970679 - State Budgetary Institution Center of Perspective Economic Researches of the Academy of Sciences of the Republic of Tatarstan. e-mail: ...
Páginas392-404
Periódico do Núcleo de Estudos e Pesquisas sobre Gênero e Direito
Centro de Ciências Jurídicas - Universidade Federal da Paraíba
V. 8 - 04 - Ano 2019 Special Edition
ISSN | 2179-7137 | http://periodicos.ufpb.br/ojs2/index.php/ged/index
392
LEGALIZATION OF THE CRYPTO CURRENCY MARKET:
OPPORTUNITIES AND RISKS FOR NATIONAL ECONOMIC
SYSTEMS
Marat R. Safiullin1
Leonid A. Elshin 2
Aliya A. Abdukaeva3
Abstract: Today there is a profound
transformation of the traditional money
and finance world. Innovations in the
financial sector, new technologies, tools
and systems entail serious and profound
changes in the financial institutions that
are familiar to us. One of the most
important stages of these transformation
processes was the emergence of crypto
currencies, accompanied by the rapid
development of related technologies and
the lack of a clear picture of the future
landscape of ecosystems.The search for
scientifically grounded mechanisms that
reveal the specific features of the impact
of the crypto currency market
legalization processes on national
economic systems contributes
significantly to an understanding and
objective perception of the prospects for
1 Kazan Federal University.
2 State Budgetary Institution Center of Perspective Economic Researches of the Academy of
Sciences of the Republic of Tatarstan. e-mail: Leonid.Elshin@tatar.ru. Tel.:89872970679
3 State Budgetary Institution Center of Perspective Economic Researches of the Academy of
Sciences of the Republic of Tatarstan. e-mail: Leonid.Elshin@tatar.ru. Tel.:89872970679.
their development. This paper is devoted
to solving this problem. The object of the
study is the global crypto currency
market, which forms the institutional and
conjunctural parameters of the national
economic systems development. As the
subject of the study is the process of
designing and scientific and
methodological justification of the
prospects, opportunities and risks of the
development of the national economy
formed as a result of the legalization of
the crypto currency market.As a result of
the conducted studies and implemented
assessments, scientifically grounded
hypotheses on the influence of the
"digital money" legalization
mechanisms on key macroeconomic
processes have been formed.

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