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Trading Commission (CFTC) approved the launch of cryptocurrency futures (in 2015, bitcoin was allowed for trading at cryptocurrency exchanges in certain states of the USA

anti-terrorist financing. On 14 August 2017, the Italian Competition Au- Regulation of cryptocurrency thority (Autorita Garante della Concorrenza e del operations Mercato) imposed a penalty

circulation of unsecured cryptocurrency, which is not guaranteed by any state, is highly risky both for consumers and investors. Transactions involving cryptocurrency are prone to

Cryptocurrency Market Risks and demand shock. Supply may be increased by a more rapid growth in production of energy resourc- Intense activity in the cryptocurrency

possibility of money laundering and terrorism financing. Besides, a high volatility on cryptocurrency market were also stated. Participants agreed to elaborate on this subject by

they operate within a decentralised network. Therefore, investors in any type of cryptocurrency should be aware that they assume all the risks of potentially losing

the cryptocurrency market and working out approaches to defining and regulating cryptocurrencies in the Russian Federation. As in most countries, the majority of cryptocurrency transactions

of risk as a result of expansion in The own value of cryptocurrency equals zero, and the number of service providers, emergence of its current

8. Virtual currencies schemes: bitcoin Currently, the most famous and popular cryptocurrency is bitcoin1. Cryptocurrency is a conventional money unit which ownership rights shall be