Abstract
The article is devoted to the prospects for the integration of cryptocurrencies into the national and world economy. The views of various researchers on the essence of cryptocurrency, its strengths and weaknesses are systematized, the impact of differences in state regulation of cryptocurrency circulation on the nature of its use and the risks of money laundering is assessed, the factors that complicate the implementation of the main functions of money are identified. It has been revealed that in a broad sense, cryptocurrency is a new transaction technology that embodies the properties of money, goods, property, and financial assets but does not fully correspond to any of them. A cross-country analysis of the impact of changes in the economic and political situation on cryptocurrency and financial assets has confirmed a growing interest in investing in cryptocurrency, including institutional investors, which opens up the opportunity to become not just a speculative but also a protective investment asset. Taking into account the identified trends in government regulation of cryptocurrencies creates new opportunities for economic growth.
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Masharsky, A., Skvortsov, I. (2022). Problems and Prospects of Cryptocurrency Development. In: Tonkonogyi, V., Ivanov, V., Trojanowska, J., Oborskyi, G., Pavlenko, I. (eds) Advanced Manufacturing Processes III. InterPartner 2021. Lecture Notes in Mechanical Engineering. Springer, Cham. https://doi.org/10.1007/978-3-030-91327-4_43
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