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Cryptocurrency: Technologies and Prospects
Subject. The article is devoted to the analysis of the cryptocurrency market operation and of the existing problems that impede its development. Goal. The goal of the study is to analyze the current state of the cryptocurrency market and to identify the main problems of its development. Methods. The study was conducted using the methods of synthesis, comparative analysis, and expert assessments. Results. The factors influencing the demand for cryptocurrencies have been identified in the study. The desire of investors to receive one-off profit from the spread in the buy and sell prices, without showing interest in long-term investments in new technology, is one of the most important factors. The regulatory aspects of the cryptocurrency regulation in international space have also been revealed. For example, cryptocurrencies are recognized as legal, regulated means of payment in some developed countries, which is allowed for use when paying for goods and services. The barriers to the market development, including the ban on the turnover in some countries and undeveloped legal aspects, have been identified. Conclusions. In conclusion, the possibilities and prospects of the cryptocurrency development as a medium of exchange have been identified. It has been noted that increasingly more countries are actively interested in the cryptocurrency market and forming some kind of regulatory framework for its regulation. However, the main financial regulator of the Russian Federation continues to adhere to a negative point of view regarding cryptocurrencies at the moment.