The Cryptocurrency as an Innovative Instrument of the International Settlements in Conditions of Global Financization

Анотація

The article is aimed at researching the world-wide experience of using cryptocurrency as an innovative instrument of the international settlements in conditions of global financization, development the scientific-practical recommendations concerning its assimilation by Ukraine. The evolution of the cryptocurrency implementation into the modern system of international settlements is explored, the main tendencies of its further use and legal regulation in the conditions of the global financial space are determined. The advantages associated with the recognition of cryptocurrency as a means of payment in terms of development of the innovation sphere of international settlements in Ukraine are allocated. It is proved that use of cryptocurrency as an innovative instrument of settlements is possible only under the condition of preliminary legislative determination of the status of the latter as a financial asset and payment means. The possibilities of using cryptocurrency as an innovative instrument of the international settlements in Ukraine are suggested. Prospects of further researches in this direction are determination of the level of attraction of cryptoassets into the State budgets of developed countries, research of development of cryptocurrency transfers in the international settlements and their influence on the processes of fluctuation of business activity and the leveling of the global financial imbalances.

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