An attitude of the world countries to the use of cryptocurrency and analysis of the situation in Kazakhstan

Abstract

Cryptocurrency is a digital currency that uses only encryption technology to transfer values over
the Internet. Today, cryptocurrency trading meets the needs of modern society. But this currency and its market
can not be called perfect. Cryptocurrencies are at high risk due to their volatile nature, illegal financing of
activities and lack of a central issuer. In the event of bankruptcy, the lack of a formal legal body as a guarantee
center is still a threat to users. The study found that although bitcoin was introduced to the market in 2008, many
countries still do not have open systems that regulate, restrict or prohibit cryptocurrencies. Many countries are
still analyzing ways to regulate cryptocurrencies. In general, bitcoin remains unknown to most of the world.
The purpose of the article is to study the possibility of using cryptocurrencies in the economy of Kazakhstan,
analyzing the experience of foreign central banks, international and private financial organizations in the use
and regulation of cryptocurrencies.