Actual Issues of Risk Management in the Market of Digital Financial Assets

Abstract

Digital financial assets hide many of the risk management problems that emerged with the birth of the first digital currency, Bitcoin. The article discusses specific risks in the market of digital financial assets and elements of a system for managing such risks. The analysis of the survey data of professional market participants was carried out and the main risk groups in the digital financial assets market were identified, while for the purposes of comparison, the classic market of financial assets was considered. The system of digital financial assets market management system proposed at the legislative level will allow broadcasting and effective implementation of market regulation measures proposed by the state and the Central Bank. At the same time, a system of commercial and nonprofit organizations that will carry out their activities or will be involved as suppliers (performers, contractors) for implementing state programs providing the conditions for the development of the digital financial assets market can become a market development infrastructure.