Issues of Regulation of Blockchains in the Digital Economy and World Experience in Reducing, Preventing the "Hidden Economy"

Avazov Ergash Khidirberdievich, Ziyodullayev Sodiqjon Mamadillayevich

Abstract


This article describes the circulation of cryptocurrencies, its characteristics, international regulatory practices, as well as the attitude of Central Banks to cryptocurrencies. In our country proposals for regulating the circulation of cryptocurrencies have been developed. Ensuring regional economic security is an important aspect of regional policy. The main goal in this regard is to increase the competitiveness of the country and its regions. This article analyzes the main factors influencing the "hidden economy", its formation and development.


Keywords


Digital Money; Private Money; Virtual Currency; Cryptocurrency; Bitcoin; Blockchain; Distributed Registry; Electronic Wallet; "Shadow Economy"; Penalties and Other Legal Measures; Cash Payments; Liability; Preventive Measures

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DOI: http://dx.doi.org/10.18415/ijmmu.v8i7.2928

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