POTENTIAL RISKS OF THE MODERN CRYPTOCURRENCY MARKET AND OPPORTUNITIES FOR MANAGING THEM

Abstract

The article analyzes potential risks existing in the cryptocurrency market and studies the possibilities of managing them. The authors consider such risk groups as: related to the turnover and use of cryptocurrencies, as well as ICO and initial circulation. Particular attention is paid to potential threats of expanding the influence of cryptocurrency assets on the growth of the shadow economy, financial stability, welfare of citizens and other aspects of public life. The possible consequences of the expansion of cryptocurrencies and further development of this market are specified. In addition, possible ways of managing the most significant risks through the introduction of effective mechanisms of control, regulation and improvement of the regulatory framework are considered. Based on the analysis of modern trends and research, the authors characterize and evaluate practical recommendations of the Bank of Russia to reduce risks in the cryptocurrency market and ensure financial stability. This study will help to better understand the complex nature of cryptocurrencies and develop risk management strategies in the context of the modern financial environment.