Model Of The Russian Crypto Currency Exchange Market
In recent years, a new market trading in cryptocurrencies and instruments based on them has been formed. Its participants who are interested in it according to the rules they develop create the market of cryptocurrencies. The goal of this article is to substantiate the possibility of a more organized market of cryptocurrencies with its legitimate exchange in its top with two possible versions: a) as a specific exchange market consisting of an exchange center and decentralized markets (exchanges) of certain cryptocurrencies and b) as a market of cryptocurrencies built in into certain segments of the already existing exchange markets. Functional aspects of creating the cryptoinstruments’ exchange market are considered, and possible models of organizing it are offered. The authors are based on the need to strengthen the regulatory participation of the state during the formation of this market because such participation allows better observance of public interests under the conditions when the private interest is a driving force of the market. The state regulation somehow minimizes financial risks for ordinary participants of the cryptocurrencies’ market, but at the same time limits the impact of the new market towards possible destabilizing effects on the monetary circulation in the country and on the current investment processes in it.
The article presents the review of the liberalization process of the European energy market. We consider the historical backgrounds of the energy industry reforms, main steps taken for the market opening, the current legislation regulating activities on the market. In addition, the market features and developing of main market parameters for Czech Republic are given as an example.
Questions about what the exchange is and what the signs are part of it in the first place, of course, important for legislation. There is a particular need for legal definitions and differentiate various trade meetings, because of their economic importance and efficiency of the exchanges becomes apparent if we turn to the momentum exchanges and compare them with the main macroeconomic indicators of the state's economy (e.g. GDP)). Obviously, that exchange is an economic entity and conducts business (exchange), acting as a mediator between buyers and sellers. In connection with this exchange has certain, but quite specific, rights and responsibilities. The specificity of rights and duties due to the same economic isolation and importance, and hence a special state legal requirements.
Adoption of law about inside - very serious step towards formation of the transparent market, without shadow games and gray transactions. The writing, consideration and acceptance of the given statutory act lasted more than 10 years and here, at last, it is accepted. Author tries to analyze, whether it is necessary to wait from it for real results.
The present study is totally new and unique, it addresses the issues of legal regulation of stock exchange and market and contains virtually all the main legal mechanisms of functioning of this segment of the organized market. Among the most interesting foreign works in this area can be called Cranston R. Principles of Exchange Law. Oxford, 2007, A. M. Khademian, The SEC and Capital Market Regulation. The Politics of Expertise. Pittsburg, 2002, Objectives and Principles of Securities Regulation. International Organization of Securities Commissions. September. 2008
Today the exchange as a trade organizer plays a crucial role in the development of the modern economy and represents a whole system of its internal rules and resolution of disputes in the arbitration committees of stock exchanges.
The study of this system is the purpose of this study on an equal footing with generation of the key proposals for the formation of stock exchange legislation. The practical significance of the study lies primarily in the possibility of provision of market business entities legal framework of doing business that will be unique for all elements of the system of organized trade.
The papers in this special issue focus on the emerging phenomenon of cryptocurrencies. Cryptocurrencies are digital financial assets, for which ownership and transfers of ownership are guaranteed by a cryptographic decentralized technology. The rise of cryptocurrencies’ value on the market and the growing popularity around the world open a number of challenges and concerns for business and industrial economics. Using the lenses of both neoclassical and behavioral theories, this introductory article discusses the main trends in the academic research related to cryptocurrencies and highlights the contributions of the selected works to the literature. A particular emphasis is on socio-economic, misconduct and sustainability issues. We posit that cryptocurrencies may perform some useful functions and add economic value, but there are reasons to favor the regulation of the market. While this would go against the original libertarian rationale behind cryptocurrencies, it appears a necessary step to improve social welfare.
Any object or resource can be attacked. Cyberattacks cover identity theft, fraud, and network or system intrusions. Preventing online fraud, identity theft and hacking is especially important when exchanging information in a blockchain.
The article examines in detail the method of design of an own cryptocurrency with a description of its parameters. At the output, a program is obtained, with the help of which it is possible to mining its cryptocurrency and exchange it among users.