CIRCULATION MECHANISM OF CRYPTOCURRENCIES AND MONEY TURNOVER
Abstract
The article studies: mechanism of circulation of cryptocurrencies and money turnover, its advantages and shortcomings. The study has been conducted mainly on the basis of literature survey and secondary information. Various journals and research papers, diagnostic study reports and newspaper articles have been surveyed in making this study. Moreover, scientific recommendations are developed to control cryptocurrencies circulation. The issuance of digital money by the central bank is also considered important. Since this will have a positive effect on the implementation of monetary policy in regulating monetary circulation, that is, it will increase the possibility of manipulating the monetary base and money supply.
References
1. Virtual Currencies oath Beyond: Initial Considerations/ IMF Staff Team, IMF Staff Discussion Note, January 2016
2. Bitcoin: A Peer-to-Peer Electronic Cash System/ Satoshi Nakamoto, www.bitcoin.org
3. Virtual Currencies oath Beyond: Initial Considerations/ IMF Staff Team, IMF Staff Discussion Note, January 2016
4. How to Get Started Trading Cryptocurrency With Coinbase.com/ http://cryptocurrencyfacts.com/exchanges/coinbase/
5. Virtual Currencies oath Beyond: Initial Considerations/ IMF Staff Team, IMF Staff Discussion Note, January 2016
6. A critical analysis of the risks associated with crypto-currencies / Caroline Swinton, University of Dundee, 2015
7. Bitcoin: A Peer-to-Peer Electronic Cash System/ Satoshi Nakamoto, www.bitcoin.org
8. Is Bitcoin Legal? / https://www.coindesk.com/information/is-bitcoin- legal/
9. Virtual Currencies and Beyond: Initial Considerations/ IMF Staff Team, IMF Staff Discussion Note, January 2016
