This project represents a basic design of a multilateral FX market that synthetically connected to the modern bilateral FX market. The essence of the multilateral FX market is an introduction of the single rates generating by the multilateral FX structures. These single rates are single currency...

After virtual games and friends, the world is using virtual currency. It is an alternative method of payment and digital assets. This digital currency launched in 2009, has created surge in the market and has gained attention across the world. It has gathered all appreciation and criticism. Some...

Distributed ledger technology especially in the form of publicly coordinated validation networks such as Ethereum and Bitcoin with their own monetary circles provide for a revealing litmus test for current financial regulatory schemes. The paper highlights the interrelation between distributed...