Crypto Currencies of Central Banks: Current State and Prospects

#4. Until the Thunder Breaks Out
Crypto Currencies of Central Banks: Current State and Prospects

Meeting of the Bogomolov discussion club chaired by A.G. Aganbegyan, held on February 21, 2018 at the RAS Institute for Economic Strategies, was dedicated to analysis of the current state of the crypto-currencies of central banks and the prospects for financial technologies.

Crypto-Currencies, Markets and Institutions

#1. Event Horison
Crypto-Currencies, Markets and Institutions

Crypto-currency is becoming one of the key factors for competitiveness of major players in national and global monetary and financial markets. Bitcoin has actually become one of the world’s currencies. State regulators’ conceptions about decentralization and autonomy of crypto-currencies create ever greater risks of currency-financial collapses owing to manipulative games and currency attacks of international speculative groups. Real beneficiaries of the crypto-currency volatility, as a rule, remain beyond visibility of the world community. Trends in the development of crypto-currencies as an increasingly important element of the world monetary and financial markets have determined for our country the need to form a mechanism for planning and coordinating the monetary and monetary policy of the EAEU member states with an agreed rate of a single electronic currency, circulation terms and conditions (zones, etc.) applying the principles of forming a transparent and unified organizational structure of financial institutions and markets within the framework of the EAEU.