CRYPTOCURRENCY: NATURE AND STAGES OF EVOLUTION

Author:

Maksym Dubyna, Chernihiv National University of Technology (95 Shevchenka Str., Chernihiv, Ukraine).

Kholiavko Nataliya, Chernihiv National University of Technology (95 Shevchenka Str., Chernihiv, Ukraine).

Morotchenko Iryna , Chernihiv National University of Technology (95 Shevchenka Str., Chernihiv, Ukraine).

Language: ukrainian

Annotation:

The article reveals the essence of the concept of “cryptocurrency”. The main stages of the formation and development of cryptocurrency in the world are determined. The authors provide a brief overview of foreign experience in using digital currencies; and also identify the positions of the National Bank of Ukraine, the Ministry of Finance of Ukraine, the National Commission for Securities and Stock Market, the State Fiscal Service of Ukraine on determining the legal status and features of cryptocurrency. The main advantages and disadvantages of the cryptocurrencies functioning in Ukraine and in the world are highlighted in the article.

Key words:

cryptocurrency; mining; e-business; bitcoin; blockchain

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