title: Digital assets, crypto-assets and digitаl currencies: Economic content and potential of convergence
metadata.name: dc.contributor.author
metadata.value: Kochergin, Dmitry А.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Andryushin, Sergey A.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2024-03-27T17:24:05Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2024-03-27T17:24:05Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2023-12
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Kochergin, D. A. and Andryushin, S. A. (2023) ‘Digital assets, crypto-assets and digitаl currencies: Economic content and potential of convergence’, St. Petersburg University Journal of Economic Studies, 39 (4), pp. 496–533. https://doi.org/10.21638/spbu05.2023.403 (In Russian)
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: https://doi.org/10.21638/spbu05.2023.403
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/45138
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: The article is devoted to researching the nature of new economic categories (digital assets,
  cryptoassets and digital currencies) and identifying their essential features and functional relationships
  between them. The study developed an original interpretation and classification of
  cryptoassets and digital currencies, proposed a decision tree for attributing a digital asset to a
  particular type, identified the features of issuance and circulation of various cryptoassets and
  digital currencies. The study showed that not all digital assets are cryptoassets or digital currencies.
  Cryptoassets should be considered as the most important and most numerous type
  of digital assets. According to the author’s classification, cryptoassets can be categorized into
  two main types: virtual currencies and digital tokens. The former perform mainly a payment
  and/or savings function, while the latter perform an investment and/or utilitarian function.
  The two main subspecies of virtual currencies are cryptocurrencies and stablecoins. Cryptocurrencies
  have neither an identifiable issuer nor collateral, but are characterized by intrinsic
  value (bitcoin) or imputed value (altcoins). Stablecoins typically have an identifiable issuer
  and use various reserve assets to maintain a stable market value. In terms of functionality,
  virtual currencies, like new digital forms of fiat money issued by central banks (central bank
  digital currencies) or commercial banks (tokenised deposits), can perform all or some monetary
  functions. The latter becomes possible due to the public consensus reached by users even
  in the absence of regulation of virtual currency circulation. According to the authors, modern
  digital currencies exist in four main forms: central bank digital currencies, tokenised deposits,
  stablecoins and cryptocurrencies. The potential of convergence between crypto assets and
  digital currencies is revealed at the instrumental, infrastructural, consumer, institutional and
  regulatory levels.
metadata.lang: en_GB
metadata.name: dc.description.sponsorship
metadata.value: The research was carried out with the support of the Russian Science Foundation grant No. 23-28-
  00398, https://rscf.ru/en/project/23-28-00398.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: ru
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: St Petersburg University Journal of Economic Studies;Volume 39; Issue 4
metadata.lang: -
metadata.name: dc.subject
metadata.value: digital assets
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: crypto-assets
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: digital money
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: digital currencies
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: central bank digital currencies
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: tokenised deposits
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: virtual currencies
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: stablecoins
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: cryptocurrencies
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: digital tokens
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Digital assets, crypto-assets and digitаl currencies: Economic content and potential of convergence
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 03.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/45138/1/03.pdf
resources.format: Adobe PDF
resources.size: 1,92 MB