IDEAS home Printed from https://ideas.repec.org/a/ers/journl/vxxy2017i1p36-48.html
   My bibliography  Save this article

Electronic Currency: The Potential Risks to National Security and Methods to Minimize Them

Author

Listed:
  • Natalia G. Vovchenko
  • Evgeniy N. Tishchenko
  • Tatiana V. Epifanova
  • Mark B. Gontmacher

Abstract

The article reveals the essential characteristic of virtual currencies. The estimate is given to the development of risks and threats to national security, combating laundering of criminal money and terrorism financing, which are formed under the conditions of the growing interest in virtual currencies, including Bitcoin. It is suggested to minimize negative effect arising in this relation. Methods are proposed to adapt the management center in the virtual currency infrastructure.

Suggested Citation

  • Natalia G. Vovchenko & Evgeniy N. Tishchenko & Tatiana V. Epifanova & Mark B. Gontmacher, 2017. "Electronic Currency: The Potential Risks to National Security and Methods to Minimize Them," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 36-48.
    • Handle: RePEc:ers:journl:v:xx:y:2017:i:1:p:36-48
    as

    Download full text from publisher

    File URL: http://www.ersj.eu/repec/ers/papers/17_1_p3.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. E. Thalassinos, 2007. "Trade Regionalization, Exchange Rate Policies and EU-US Economic Cooperation," European Research Studies Journal, European Research Studies Journal, vol. 0(1-2), pages 111-118.
    2. E.S. Akopova & N.V. Przhedetskaya, 2016. "Imperative of State in the Process of Establishment of Innovational Economy in the Globalizing World," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 79-85.
    3. Besnik Fetai, 2015. "Financial Integration and Financial Development: Does Financial Integration Matter?," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 97-106.
    4. Florin Teodor Boldeanu & Ileana Tache, 2015. "The Financial System of the EU and the Capital Markets Union," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(3), pages 41-51.
    5. Eleftherios Thalassinos & Theodore V. Stamatopoulos, 2015. "The Trilemma and the Eurozone: A Pre-announced Tragedy of the Hellenic Debt Crisis," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(3), pages 27-40.
    6. Ramona Rupeika-Apoga & Roberts Nedovis, 2015. "The Foreign Exchange Exposure of Non-Financial Companies in Eurozone: Myth or Reality?," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 54-66.
    7. Eleftherios I. Thalassinos & Bozhana Venediktova & Daniela Staneva-Petkova & Vicky Zampeta, 2013. "Way of Banking Development Abroad: Branches or Subsidiaries," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(3), pages 69-78.
    8. E.V. Dmitrishina & D.A. Uskov, 2015. "The Issues of Covering Science and Technical Policy of Modern Russia in the Strategic Planning Documents," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 57-74.
    9. Tatiana Epifanova & Nikolay Romanenko & Tatiana Mosienko & Tatyana Skvortsova & Alexandr Kupchinskiy, 2015. "Modernization of Institutional Environment of Entrepreneurship in Russia for Development of Innovation Initiative in Small Business Structures," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 137-148.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. repec:ers:journl:v:special_issue:y:2018:i:1:p:397-406 is not listed on IDEAS
    2. Ibrahim Elsiddig Ahmed, 2020. "The Qualitative Characteristics of Accounting Information, Earnings Quality, and Islamic Banking Performance: Evidence from the Gulf Banking Sector," IJFS, MDPI, vol. 8(2), pages 1-16, May.
    3. Kristina Bojare & Inna Romanova, 2017. "The Factors Affecting the Profitability of Banks: The Case of Latvia," European Research Studies Journal, European Research Studies Journal, vol. 0(3A), pages 905-919.
    4. Aleksey Vladimirovich Gribanov & Vladimir Vladimirovich Mitrokhin & Mariya Viktorovna Vilkova, 2017. "Innovation as the Main Factor for Sustainable Development of a Commercial Bank," European Research Studies Journal, European Research Studies Journal, vol. 0(4A), pages 408-416.
    5. Rizal Edy Halim, 2018. "The Economic Impact of Relationship Bonding Tactics: A Research Agenda," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 65-81.
    6. Irina Japparova & Ramona Rupeika-Apoga, 2017. "Banking Business Models of the Digital Future: The Case of Latvia," European Research Studies Journal, European Research Studies Journal, vol. 0(3A), pages 846-860.
    7. Cicih Ratnasih, 2017. "How Financial Sector and Social Overhead Capital Determine GDP Growth," European Research Studies Journal, European Research Studies Journal, vol. 0(3A), pages 660-672.
    8. repec:ers:journl:v:volumexxi:y:2018:i:issue4:p:435-458 is not listed on IDEAS
    9. Oxana Leonidovna Chulanova & Gulnara Hamitovna Kucherenko & Dmitry Viktorovich Chulanov & Andrey Vladimirovich Kirillov & Aleksandr V. Melnichuk, 2017. "Crowd-Technology in the Selection of Personnel," European Research Studies Journal, European Research Studies Journal, vol. 0(4B), pages 380-397.
    10. R.M. Mahboub, 2018. "The Impact of Information and Communication Technology Investments on the Performance of Lebanese Banks," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 435-458.
    11. Victor Ivanovich Tkach & Sergey Nikolaevich Shchemelev, 2017. "Development of Digital (Engineering) Entity's Capital Management Frameworks," European Research Studies Journal, European Research Studies Journal, vol. 0(3B), pages 326-332.
    12. Rudi Bratamanggala, 2017. "Implications of Tax Receivables and Retribution for the Economic Growth of Indonesia," European Research Studies Journal, European Research Studies Journal, vol. 0(3A), pages 570-579.
    13. Svetlana Saksonova & Irina Kuzmina-Merlino, 2017. "Fintech as Financial Innovation - The Possibilities and Problems of Implementation," European Research Studies Journal, European Research Studies Journal, vol. 0(3A), pages 961-973.
    14. T.V. Shatkovskaya & A.B. Shumilina & G.G. Nebratenko & Ju.I. Isakova & E.Yu. Sapozhnikova, 2018. "Impact of Technological Blockchain Paradigm on the Movement of Intellectual Property in the Digital Space," European Research Studies Journal, European Research Studies Journal, vol. 0(Special1), pages 397-406.
    15. Andrei V. Vlasov, 2017. "Pension System as a Demographic Recession Factor," European Research Studies Journal, European Research Studies Journal, vol. 0(3B), pages 443-452.
    16. Klarin, Anton, 2020. "The decade-long cryptocurrencies and the blockchain rollercoaster: Mapping the intellectual structure and charting future directions," Research in International Business and Finance, Elsevier, vol. 51(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. V.M. Dzhukha & A.N. Kokin & A.S. Li & T.Yu. Sinyuk, 2017. "Research and Development Intensity in Business: Russia and EU," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 64-76.
    2. Faris Nasif Al Shubiri & Syed Ahsan Jamil, 2017. "Assessing the Determinants of Interest Rate Spread of Commercial Banks in Oman: An Empirical Investigation," European Research Studies Journal, European Research Studies Journal, vol. 0(2A), pages 90-108.
    3. R.V. Shekhovtsov & M.A. Ponomareva & S.G. Yaroshenko & L.R. Khaibullin, 2017. "Instruments of Investment Attraction in Order to Fulfill the Structural Priorities of Sustainable Regional Development (Study Based on the Rostov Region)," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 337-349.
    4. Andrei V. Vlasov, 2017. "The Evolution of E-Money," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 215-224.
    5. M.A. Surzhikov & C.G. Abazieva & M.T. Belov & S.N. Goncharova, 2017. "Social and Economic Diagnostics of Foreign Economic Activity of the Rostov Region," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 172-187.
    6. T.V. Shatkovskaya & N.G. Romanenko & Y.A. Naumenko & E.A. Parshina, 2017. "The Problem of Individualization of Legal Entities in Terms of Innovative Development of the Russian Federation and the European Union Economy," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 162-171.
    7. Ismail Magerramovich Aliev & Viktor Ivglafievich Sigov, 2017. "Creating a Learning Organization as an Increase in the Adaptability of a Company's Human Capital to the Volatility of the External Environment," European Research Studies Journal, European Research Studies Journal, vol. 0(4B), pages 57-69.
    8. Nikolay Tikhomirov & Tatiana Tikhomirova & Eldar Khamitov & Vladimir Ponomarev, 2017. "Models of Assessment of the Influnce of Insurance Assets Securitization on Stability of Mutual Insurance Societies," European Research Studies Journal, European Research Studies Journal, vol. 0(2B), pages 321-333.
    9. Grigory Viktorovich Prytkov & Natalia Yurievna Tsvetus & Artem Alexandrovich Balyakin & Andrey Sergeevich Malyshev & Sergey Borisovich Taranenko, 2017. "Scientific Cooperation between Russia and the EU in the Development and Use of Large Research Infrastructure," European Research Studies Journal, European Research Studies Journal, vol. 0(3A), pages 338-353.
    10. Kamil Ramisovich Bibarsov & Galina Ivanovna Khokholova & Dilara Ramisovna Okladnikova, 2017. "Conceptual Basics and Mechanism of Innovation Project Management," European Research Studies Journal, European Research Studies Journal, vol. 0(2B), pages 224-235.
    11. N.A. Dimitriadi & O.N. Voronkova & S.S. Galazova, 2019. "Strategic Instruments to Choose Foreign Target Markets," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(Special 2), pages 100-107.
    12. Faisal Santiago, 2017. "Trade Secret Protection on Globalization Era," European Research Studies Journal, European Research Studies Journal, vol. 0(4A), pages 66-76.
    13. Bilgehan Tekin, 2021. "Modeling the Relation of Financial Integration-Economic Growth with GMM and QR Methods," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 8, pages 32-47.
    14. Nadezhda A. Serebryakova & Tatiana I. Ovchinnikova & Irina N. Bulgakova & Svetlana V. Sviridova & Tatiana O. Tolstykh, 2017. "Innovational Methods of Development of Intellectual Labor for Economy's Security," European Research Studies Journal, European Research Studies Journal, vol. 0(3B), pages 556-569.
    15. Sergey Mikhailovich Vasin & Leyla Ayvarovna Gamidullaeva & Tamara Kerimovna Rostovskaya, 2017. "The Challenge of Social Innovation: Approaches and Key Mechanisms of Development," European Research Studies Journal, European Research Studies Journal, vol. 0(2B), pages 25-45.
    16. repec:ers:journl:v:xx:y:2017:i:2b:p:397-411 is not listed on IDEAS
    17. P. Purwanto & Jillian Agustin, 2017. "Financial Performance towards Value of Firms in Basic and Chemicals Industry," European Research Studies Journal, European Research Studies Journal, vol. 0(2A), pages 443-460.
    18. Valeriy Vladimirovich Shlychkov & Ilgam Kiyamovich Kiyamov & Asya Shamilevna Khasanova & Sergey Mikhaylovich Kulish & Diana Rustamovna Nestulaeva, 2017. "Hands-on Management: Theoretical and Methodological Approaches and Russian Practice of State and Municipal Management," European Research Studies Journal, European Research Studies Journal, vol. 0(2B), pages 200-223.
    19. Liudmila Vasilevna Nikolova & Dmitriy Grigorievich Rodionov & Natalya Vladimirovna Afanasyeva, 2017. "Impact of Globalization on Innovation project Risks Estimation," European Research Studies Journal, European Research Studies Journal, vol. 0(2B), pages 396-410.
    20. Simon Grima & Inna Romanova & Frank Bezzina & Frank Chetcuti Dimech, 2016. "Alternative Investment Fund Managers Directive and its Impact on Malta’s Financial Service Industry," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 70-85.
    21. Kamil R. Bibarsov & Natalia V. Kretova & Elena Yu. Popova, 2017. "Improvement of Innovative Forms as a Tool for Effective Development of Small Business," European Research Studies Journal, European Research Studies Journal, vol. 0(2B), pages 98-110.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ers:journl:v:xx:y:2017:i:1:p:36-48. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marios Agiomavritis (email available below). General contact details of provider: https://ersj.eu/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.