KnE Social Sciences

Published date: Feb 15 2018

Journal Title: KnE Social Sciences

Issue title: III Network AML/CFT Institute International Scientific and Research Conference "FinTech and RegTech"

Pages: 9-14

DOI: 10.18502/kss.v3i2.1518

V. D. FetisovFetisov21@mail.ruProfessor Nizhny Novgorod state University. N. I. Lobachevsky, Nizhny Novgorod, Russia Doctor of economic Sciences, Professor, Corresponding member of the Academy of natural Sciences

The improvement of monetary systems is a topical and controversial issue in contemporary economic science. The article examines the main problems of bitcoin. The focus is on disclosing the economic essence, reasons and results of bitcoin, as well as problems of practical use in Russia. It presents the author's interpretation of the financial aspect of bitcoin and its effect on the financial situation of the individual layers of users. In conclusion, it proposes to implement cryptocurrencies in Russia as an important instrument of economic management and economic growth.

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