Qarshiyev Avazbek Sa’dullayevich.
Uzbekistan
Abstract: Cryptocurrencies are digital assets created on the basis of blockchain technology and are forming new paradigms in the global financial system.
Keywords: Cryptocurrencies, economic security, blockchain technology, regulation, financial stability, economic crimes, investments, industrial stability.
Cryptocurrencies are digital assets based on blockchain technology, and they are shaping new paradigms in the global financial system.
Cryptocurrencies are decentralized digital currencies that are not controlled by central banks or financial institutions. Their history began in 2009 with the release of Bitcoin, and today there are several thousand different cryptocurrencies. Cryptocurrencies are being considered as innovative approaches to economic systems. Their main advantages are related to the speed of transactions, low costs, and freedom on a global scale. However, there are also risks associated with cryptocurrencies: volatility, counterfeit currencies, financial crime and regulatory issues. This academic work aims to determine how cryptocurrencies affect economic security, and to examine what measures should be taken to ensure economic security by analyzing current policies and regulatory measures in relation to them. In other areas, understanding the role of cryptocurrencies can help improve their place in economic systems and global financial markets.
Literature review
Cryptocurrencies are digital assets created on the basis of blockchain technology, which are shaping new paradigms in the global financial system. In the article “Bitcoin: A Peer-to-Peer Electronic Cash System” by Nakamoto (2008), Bitcoin and its blockchain-based system are introduced, which helps to understand the role of cryptocurrencies in financial security. Due to their decentralized nature, transactions on a decentralized network affect economic security (Nakamoto, 2008).
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