IMPACT OF CRYPTOCURRENCY ON THE GLOBAL FINANCIAL SYSTEM

This scientific article analyzes the impact of cryptocurrencies on the global financial system, their role in economic processes and their importance in the formation of modern financial relations. During the study, the emergence of cryptocurrencies, stages of development, the role of blockchain technology in the financial system, their impact on international payment systems and their importance in the investment market were scientifically studied. The advantages, disadvantages, problems of legal regulation and future development trends of cryptocurrencies are also covered. The results of the study show that cryptocurrencies are becoming an important element of the global financial system and may play an important role in shaping a new stage of economic relations in the future.