Conselho Nacional de Pesquisa e Pos-Graduacao em Direito - CONPEDI
Doi
Abstract
Objective: In recent decades, information technology has become a very significant stimulator of economic growth. The introduction of blockchain technology in the financial sector and its adaptation for cryptocurrencies definitely demonstrate both positive and negative results, which have been discussed in numerous publications.Methodology: The authors use a set of general scientific and private scientific research methods: a comparative legal analysis of scientific literature, legal and other documents on the research topic.Results: The authors analyze the essence of distributed ledger systems and digital currencies, the prospects that open up when they are used, highlight the models for using this innovative technology and the possibilities for synchronizing the legal relations that arise in this case, including, among other things, the recognition of private digital currencies as a means of payment and making decisions on the issuance of state digital currencies.Contribution: The article pays attention to the problem of the influence of digital currencies on the financial stability of both individual states and, due to their widespread use, on a global scale.
