Multidisciplinary Journal of Science and Technology

Impact of digital currencies and blockchain technology on the financial system

No‘monjonova Shokhsanam Muzaffarovna

Gulistan State University Faculty of digital economy and innovation A student of economics

Keywords: digital technology, blockchain technologyv

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Abstract

In this article, the use of blockchain technologies and decentralized financial instruments creates new opportunities and threats for traditional financial markets. The impact of cryptocurrencies on the modern monetary system is considered, the risks and benefits of economic processes are determined, and the trends and challenges faced by the traditional financial system in the era of cryptocurrency are analyzed.

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