Development of crypto currency in the conditions of globalization

The article considers the current situation around the market of crypto, defines the essence of crypto, advantages and disadvantages of their use. On the basis of virtual money, an incredible market was quickly born. No one sees revenues from the crypto market, funds are in virtual coins and no one except the token holder knows about their availability. In most countries of the world, the issue of state control of the crypto-currency market is on the agenda. In some countries, the digital currency is legalized, in others it is prohibited. The transformation of relations between economic agents and the state is taking place within the framework of the new roles of the parties. The effectiveness of state regulation of cryptocurrency emissions can be called into question. Cryptocurrency is becoming a highly profitable asset; its role in financial regulation is expected to increase.