The crypto currency as money of digital economy

¹ Russian Presidential Academy of National Economy and Public Administration, South-Russian Institute of Management, Rostov-on-Don, Russia
² Suan Sunandha Rajabhat University, Bangkok, Thailand

^* Corresponding author: denis.us@ssru.ac.th

Abstract

The digitalization of monetary and foreign exchange circulation is one of the leading institutional and infrastructural transformations at the beginning of the 21st century, affecting not only the long-term interests and priorities of business development and state progress, but also the very principles of public-private relations within the socio-economic system. The article assess opinions of 350 experts from 8 sectors of the economy of Russia and Thailand for the prospects of cryptocurrency (on the example of Bitcoin) introducing into official calculations, turnover, accumulation, as well as the readiness of business and state for this digital transformation in context of the Digital Economy trend globalization. The research implemented the quantitative methodology throughout using a survey and the data had been treated using SPSS statistical tool for hypotheses validation. The empirical data obtained confirmed the priorities of the factors for accelerating the currencies cryptotization, identified the main problems of Russian and Thai business, pessimizing the potential for using Bitcoins, and the concept of state financial regulation modernizing in the dynamics of digitalization.