Abstract
In conjunction with the emergence of new types of currency, central banks around the world face the challenge of developing an approach to cryptocurrencies in general and to bitcoin in particular. Many participants in the financial markets already actively use Cryptocurrencies, and their popularity is growing rapidly, especially among currency speculators. It is no longer possible to ignore the emergence of new monetary instruments, and regulators need to respond to the situation (Dubyansky, 2017a).
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Notes
- 1.
Ministry of Finance of the Russian Federation https://www.minfin.ru/ru/document/?id_4=121810, retrieved on October 29th, 2020.
- 2.
Информационный портал «Майнинг Криптовалюты» at https://mining-cryptocurrency.ru/minfin-zakon-o-kriptovalyute-i-majninge/ retrieved on Apr. 29th, 2019.
References
Dubyansky, A. N. (2017a). Theory of the origin of money and cryptocurrency. Money and Credit, 12, 97–100. [Dubjanskij A.N. Teorija proishozhdenija deneg i kriptovaljuty// Den'gi i kredit 2017. #12. S.97-100].
Dubyansky, A. N. (2017b). Local currencies as a way of money circulation decentralization. Vestnik Saint Petersburg. UN TA. Episode 5. Economy, 33(1), 104–118. [Dubjanskij A. N. Mestnye valjuty kak sposob decentralizacii denezhnogo obrashhenija // Vestnik Sankt-Peterburg. unta. Serija 5. Jekonomika. 2017. T. 33. # 1. S. 104–118].
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2021 The Author(s), under exclusive license to Springer Nature Switzerland AG
About this chapter
Cite this chapter
Dubianskii, A.N. (2021). Cryptocurrencies in Russia. In: Medinskaya, O., Randau, H.R., Altmann, C. (eds) Russia Business. Springer, Cham. https://doi.org/10.1007/978-3-030-64613-4_11
Download citation
DOI: https://doi.org/10.1007/978-3-030-64613-4_11
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-64612-7
Online ISBN: 978-3-030-64613-4
eBook Packages: Business and ManagementBusiness and Management (R0)