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The State’s Attitude to Cryptocurrency as an Indicator of Its Trust in Society

Author

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  • O. A. Antoncheva
  • T. E. Apanasenko

Abstract

It is proposed to justify the applicability of indicators of state confidence in civil society, that is, the state’s faith in the loyalty of society to it and in the ability to maintain its own legitimacy. The first indicator is the legalization of cryptocurrency, the second is the creation of a state cryptocurrency.There is a direct connection between the degree of legalization of cryptocurrency and the level of state confidence in the loyalty of society to it. The creation of state national cryptocurrency is a signal of a drop in state confidence in its own legitimacy.

Suggested Citation

  • O. A. Antoncheva & T. E. Apanasenko, 2021. "The State’s Attitude to Cryptocurrency as an Indicator of Its Trust in Society," Administrative Consulting, Russian Presidential Academy of National Economy and Public Administration. North-West Institute of Management., issue 11.
    • Handle: RePEc:acf:journl:y:2021:id:1573
    DOI: 10.22394/1726-1139-2020-11-130-139
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