On specifics of cryptographic currencies and their role in modern financial systems

  • Vyacheslav Voloshin Pryazovskyi State Technical University, Mariupol,
Keywords: crypto currency;, bitcoin;, cybercrime;, risks;, the world financial system;, block-chain operations;, financial pyramids;, cyberspace;

Abstract

The paper presents argumentation on the place of crypto currency in the modern world financial system. Based on direct and indirect data, it is shown that all types of crypto currency contain certain risks for financial and economic systems, in particular those related to cyber fraud. The conclusion is made about the role and place of the crypto currency as a tool for the artificial stabilization of the world currency market through conscious manipulation of people's needs in conditions when the global information space serves as an instrument for achieving the above goals, which refers to the violation of human rights.

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Author Biography

Vyacheslav Voloshin, Pryazovskyi State Technical University, Mariupol,

Doctor of technical sciences, prof., Rector of the Pryazovskyi State Technical University, Mariupol.

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Published
2018-11-26
Cited
How to Cite
Voloshin, V. (2018). On specifics of cryptographic currencies and their role in modern financial systems. Computer Science and Cybersecurity, 9(1), 35-42. Retrieved from https://periodicals.karazin.ua/cscs/article/view/12012
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Статті