Криптоэкономика (Cryptoeconomics)

Криптоэкономика (2019); ISBN 978-5-7749-1441-8

60 Pages Posted: 13 Mar 2019

See all articles by Antonina Levashenko

Antonina Levashenko

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Center of Competence and Analysis of OECD Standards

Ivan Ermokhin

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Center of Competence and Analysis of OECD Standards

Andrey Zubarev

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Institute of Applied Economic Research; Gaidar Institute for Economic Policy

Elena Sinelnikova-Muryleva

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Department of Economics

Pavel Trunin

Gaidar Institute for Economic Policy

Date Written: February 11, 2019

Abstract

Russian Abstract: Криптоэкономика — крупный новый рынок. Сегодня мировой оборот криптовалют находится на отметке около 200 млрд долл. США. В 2017–2018 гг. в рамках ICO-кампаний выходцы из России привлекли в общей сумме 2,3 млрд долл. США, проведя 311 ICO- кампаний. Появляются новые участники этого рынка: криптобиржи и криптообменники, криптофонды, децентрализованные организации, проводящие ICO-кампании из разных секторов экономики. Российской Федерации следует сформировать благоприятные условия для развития нового сектора экономики. В докладе рассмотрены основные подходы к определению и сущности криптовалют, проанализированы выполняемые ими функции, а также вызовы, которые появление криптовалют формирует для традиционной финансовой системы и денежно-кредитной политики. Кроме того, представлен сравнительный анализ регулирования данного нового сектора экономики в странах ОЭСР и Российской Федерации и даны рекомендации по приведению российского законодательства в соответствие с лучшей международной практикой.

English Abstract: Cryptoeconomics is a large new market. Today, the global turnover of cryptocurrency is at around $ 200 billion. In 2017–2018 in the framework of the ICO campaigns, people from Russia attracted a total of $ 2.3 billion, having conducted 311 ICO campaigns. There are new participants in this market: cryptobirds and cryptoexchangers, crypto funds, decentralized organizations conducting ICO-campaigns from different sectors of the economy. The Russian Federation should create favorable conditions for the development of a new sector of the economy. The report examines the main approaches to the definition and essence of cryptocurrencies, analyzes the functions performed by them, as well as the challenges that the emergence of cryptocurrencies forms for the traditional financial system and monetary policy. In addition, a comparative analysis of the regulation of this new sector of the economy in the OECD countries and the Russian Federation is presented, and recommendations are given to bring Russian legislation in line with international best practice.

Note: Downloadable document is in Russian.

Suggested Citation

Levashenko, Antonina and Ermokhin, Ivan and Zubarev, Andrey and Sinelnikova-Muryleva, Elena and Trunin, Pavel, Криптоэкономика (Cryptoeconomics) (February 11, 2019). Криптоэкономика (2019); ISBN 978-5-7749-1441-8, Available at SSRN: https://ssrn.com/abstract=3339286

Antonina Levashenko (Contact Author)

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Center of Competence and Analysis of OECD Standards ( email )

Moscow
Russia

Ivan Ermokhin

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Center of Competence and Analysis of OECD Standards ( email )

Moscow
Russia

Andrey Zubarev

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Institute of Applied Economic Research ( email )

Russia

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

Elena Sinelnikova-Muryleva

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Department of Economics ( email )

Russia

Pavel Trunin

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

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