Cryptocurrencies as a Threats and Challenges for the Banking System

Due to its alternative nature to financial markets, the crypto asset market is subject to legal, institutional, operational and organizational changes. They affect the security of the transactions carried out, the entities providing services in this area, and the customer, which involves the state's financial security. Due to the nature of the transactions carried out - payment and investment, as well as the specifics of trading, the crypto-assets market depends on and affects other areas of the economy, including the banking sector.