The Role of Сrypto-Currencies in the Development of the Global Currency System

I.N. Efremenko, T.V. Panasenkova, D.A. Artemenko, V.A. Larionov
European Research Studies Journal, Volume XXI, Special Issue 1, 117-124, 2018
EOI: 10.11214/thalassinos.21.05.012

Abstract:

The world monetary system is in the process of transition to a new level of development under the influence of the process of financial globalization, economic integration, as well as the activation of electronic currencies turnover.In these conditions, it is necessary to understand the causes of the changes and their possible consequences.One of the possible options for the development of the world monetary system can be the use of crypto-currency as international money.


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