CONCEPTUAL BASES OF VIRTUAL CURRENCY FUNCTIONING
The article identifies three main features of virtual currencies: decentralization, abstractness and irreversibility; Structuring of modern aspects of the application of blockchain technologies in various countries of the world is made; 4 basic concepts of functioning and development of virtual currencies are defined - liberal, abstract-liberal, abstract-conservative and conservative; their characteristic features are highlighted; The most important aspects of the modern development of cryptocurrencies are identified; the main negative aspects of the use of blockchain technologies in international business are highlighted; the need for further economic research, detailing and structuring the concepts of functioning and development of virtual currencies are identified.