Cryptocurrencies as a New Type of Money
Revolutionary development of digital technologies, including in monetary circulation, allows to build and structure differently payment and settlement operations, but also puts absolutely other philosophy in economic development. Fundamental difference of digital money from now in use is not their p...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
President of the Russian Federation, Russian Academy of National Economy and Public Administration, North-West Institute of Management
2019-06-01
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| Series: | Евразийская интеграция: экономика, право, политика |
| Subjects: | |
| Online Access: | https://www.eijournal.ru/jour/article/view/132 |
| _version_ | 1797214351670640640 |
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| author | S. Y. Glazyev R. S. Glazyev |
| author_facet | S. Y. Glazyev R. S. Glazyev |
| author_sort | S. Y. Glazyev |
| collection | DOAJ |
| description | Revolutionary development of digital technologies, including in monetary circulation, allows to build and structure differently payment and settlement operations, but also puts absolutely other philosophy in economic development. Fundamental difference of digital money from now in use is not their paperless (electronic) form, and absence of banks as their issuers. Their address is provided not with banks, but computer network (now, as a rule, the Internet) by means of repeated fixing of all operations in the distributed register (blockchain). The new technology seizing minds and administrative structures around the world allows to avoid excessive costs in monetary conductings, to make public administration transparent and responsible. |
| first_indexed | 2024-03-08T15:15:17Z |
| format | Article |
| id | doaj.art-56aa9a6cc52c4ad195e39ac2afe499f5 |
| institution | Directory Open Access Journal |
| issn | 2073-2929 |
| language | English |
| last_indexed | 2024-04-24T11:12:48Z |
| publishDate | 2019-06-01 |
| publisher | President of the Russian Federation, Russian Academy of National Economy and Public Administration, North-West Institute of Management |
| record_format | Article |
| series | Евразийская интеграция: экономика, право, политика |
| spelling | doaj.art-56aa9a6cc52c4ad195e39ac2afe499f52024-04-11T12:16:03ZengPresident of the Russian Federation, Russian Academy of National Economy and Public Administration, North-West Institute of ManagementЕвразийская интеграция: экономика, право, политика2073-29292019-06-01012235131Cryptocurrencies as a New Type of MoneyS. Y. Glazyev0R. S. Glazyev1University at MPA of EurAsECAutonomous nonprofit organization “Scientific Center of the Euroasian Integration”Revolutionary development of digital technologies, including in monetary circulation, allows to build and structure differently payment and settlement operations, but also puts absolutely other philosophy in economic development. Fundamental difference of digital money from now in use is not their paperless (electronic) form, and absence of banks as their issuers. Their address is provided not with banks, but computer network (now, as a rule, the Internet) by means of repeated fixing of all operations in the distributed register (blockchain). The new technology seizing minds and administrative structures around the world allows to avoid excessive costs in monetary conductings, to make public administration transparent and responsible.https://www.eijournal.ru/jour/article/view/132blockchaindigital technologiescryptocurrenciesmonetary circulationfiatny moneypayment and settlement operations |
| spellingShingle | S. Y. Glazyev R. S. Glazyev Cryptocurrencies as a New Type of Money Евразийская интеграция: экономика, право, политика blockchain digital technologies cryptocurrencies monetary circulation fiatny money payment and settlement operations |
| title | Cryptocurrencies as a New Type of Money |
| title_full | Cryptocurrencies as a New Type of Money |
| title_fullStr | Cryptocurrencies as a New Type of Money |
| title_full_unstemmed | Cryptocurrencies as a New Type of Money |
| title_short | Cryptocurrencies as a New Type of Money |
| title_sort | cryptocurrencies as a new type of money |
| topic | blockchain digital technologies cryptocurrencies monetary circulation fiatny money payment and settlement operations |
| url | https://www.eijournal.ru/jour/article/view/132 |
| work_keys_str_mv | AT syglazyev cryptocurrenciesasanewtypeofmoney AT rsglazyev cryptocurrenciesasanewtypeofmoney |