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Essence of cryptocurreccy and historical prerequisites of development abstract liabilities as condition of bank emission of credit money

Journal: Management of the economy: theory and practice (Vol.10, No. 10)

Publication Date:

Authors : ;

Page : 47-55

Keywords : credit money as universal unconditional financial liabilities and requirements; cryptocurrency as a digital commodity; miner; banking system; abstract liability; simple liability; bill; regress; protest;

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Abstract

The article is devoted to comparative analysis of the essence of cryptocurrency and fiduciary money in context historical prerequisites of development abstract liabilities as condition of emission credit money. Miner produces cryptocurrency as a digital goods for sale for commodity market. A problem of revealing the economic meaning of cryptocurrency for the purpose of juristic legalization in economy of Belarus and its normative legal identification in legislation system is up to date issue.

Last modified: 2019-10-24 22:48:58