The Role of Legal Regulation of Digital Currency as a Stage in the Development of the Digital Economy
( Pp. 79-83)

More about authors
Aleksandr A. Komlev Postgraduate student, Department of Civil Law and Procedure
International Law Institute
Moscow, Russian Federation
Abstract:
Purpose of the study. Today, more and more citizens and legal entities are using new digital opportunities to carry out their activities, and the introduction of digital currency into circulation is no exception. The emergence of a new form of payment for goods and services gives rise to the need to develop effective legal regulation of digital currency circulation in order to respect the rights and interests of not only society, but also the state. The purpose of this study is to determine the role of legal regulation within the framework of the development of the country's digital economy. Conclusions. As a result of the conducted research, the author concludes that the legislator, on the one hand, seeks to improve the legal framework and develops new legislative provisions aimed at regulating the relations arising in the conditions of evolution. On the other hand, the adoption of the Federal Law of 31.07.2020 № 259 FZ «On digital financial assets, digital currency and on amendments to certain legislative acts of the Russian Federation» did not give the necessary effect, and today there is a need to continue studying such an economic institution as digital currency in order to develop additional, special rules of law that will be able to effectively regulate the circulation of digital currency in the territory of the Russian Federation.
How to Cite:
Komlev A. A. The Role of Legal Regulation of Digital Currency as a Stage in the Development of the Digital Economy // ECONOMIC PROBLEMS AND LEGAL PRACTICE. 2024. Vol. 20. № 4. P. 79-83. (in Russ.) DOI: 10.33693/2541-8025-2024-20-4-79-83. EDN: VPANLL
Reference list:
Aleksandrova N.S. Relationship of the Concepts «Digital Rights», «Digital Currency» and «Digital Financial Assets» // Bulletin of the Moscow University of the Ministry of Internal Affairs of Russia. 2021. № 6. Pp. 28–31.
Geikina I.V. The Concept of Digital Currency and Cryptocurrency, their Difference // Notarial Bulletin. 2023. № 7. Pp. 17–23.
Ilyasov I. Digital Currencies and Digital Financial Markets // IN SITU. 2022. № 12. Pp. 101-103.
Kremleva O.K. Digital Financial Assets and Digital Currency Legal Regime According the Current Russian Legislation // Academic notes of the Faculty of Law. 2021. № 2. Pp. 23–26.
Materova E.S., Zakharov E.G. Digital Currency: Economic Content and Essence of the Concept // Actual problems of science and education in the context of modern challenges. 2022. Pp. 343–348.
Taymasov T.R., Krokhina Yu.A. The Concept and Forms of the Digital Economy and Digital Currency // Alley of Science. 2023. VOL. 1. № 4 (79). Pp. 642–649.
Ahmed H. Elsayed, Muhammad Ali Nasir. Central bank digital currencies: An agenda for future research // Central bank digital currencies: An agenda for future research. 2022. URL: https://www.sciencedirect.com/science/article/pii/S0275531922001246.
Huseyin Oguz Genc, Soichiro Takagi. A literature review on the design and implementation of central bank digital currencies. International Journal of Economic Policy Studies. 2024. P. 197–225.
Guo Wu. Research on factors affecting people’s intention to use digital currency: Empirical evidence from China // ORIGINAL RESEARCH article. 2022. URL: https://www.frontiersin.org/journals/psychology/articles/10.3389/fpsyg.2022.928735/full.
Michael D Bordo Andrew T Levin. Central Bank Digital Currency and the Future of Monetary Policy. National Bureau of Economic Research. 32 p.
Ozili, Peterson K. Central Bank Digital Currency Research Around the World: A Review of Literature (January 5, 2022). Journal of Money Laundering Control, Available at SSRN: https://ssrn.com/abstract=4001852.
Raphael Auer. Central bank digital currencies: motives, economic implications and the research frontier // BIS Working Papers No 976 Central bank digital currencies: motives, economic implications and the research frontier by Raphael Auer, Jon Frost, Leonardo Gambacorta, Cyril Monnet, Tara Rice and Hyun Song Shin. Monetary and Economic Department. 2021. 30 p.
Tobias Johannesson. Performance of Digital Currency and Improvements. School of Electrical Engineering and Computer Science. 2022. 54 p.
Yudina T.N. Digital segment of the real economy: digital economy in the context of analog economy // St.Petersburg State Polytechnical University Journal. Economics. 2019. V. 12. № 2. P. 7–18.
Yinghua Zhong. Review on Digital Currency // Advances in Economics, Business and Management Research, volume 211. Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022). 2022. P. 585–590.
Keywords:
digital economy, digital currency, digitalization, means of payment, currency..


Related Articles

5.2.3. REGIONAL AND SECTORAL ECONOMICS Pages: 16-22 Issue №21250
The Impact of artificial Intelligence on the Investment Climate and Socio-Economic Development of Russia
artificial intelligence investment climate digital economy neural networks additive method
Show more
6. FINANCIAL LAW; TAX LAW; BUDGETARY LAW 12.00.04 Pages: 196-200 Issue №17852
Impact of digitalization on the development of the legal framework for public finance management
digitalization digital economy public finance management financial technology regulation
Show more
2. GENERAL THEORETICAL, CRIMINAL-LEGAL AND OTHER PROBLEMS OF COUNTERING EXTREMISM AND TERRORISM. PROBLEMS OF PREVENTING EXTREMISM AND TERRORISM Pages: 144-147 Issue №21729
The Impact of Digitalization Process on the Extremist Ideology Transformation
extremism digitalization cyber attack cyber extremism counteraction
Show more
9. CRIMINAL LAW AND CRIMINOLOGY; CRIMINAL ENFORCEMENT LAW 12.00.08 Pages: 175-179 Issue №19457
Criminal-Legal Means of Ensuring the Safe Production and Operation of Robots
robotics robot autonomous robot vulnerability undeclared opportunity
Show more
12.00.03 Civil law; business law; family law; private international law Pages: 199-203 Issue №19146
CURRENT RUSSIAN AND FOREIGN MERGERS AND ACQUISITIONS TRENDS IN THE INFORMATION TECHNOLOGY INDUSTRY
M&A mergers and acquisitions measures to support IT companies information technology industry COVID-19 pandemic
Show more
REGIONAL AND SECTORAL ECONOMICS Pages: 197-203 DOI: 10.33693/2541-8025-2024-20-3-197-203 Issue №115847
An Ecosystem Approach to the Interaction of Organizations Providing Medical Care in the Context of Digitalization
ecosystem approach healthcare economics digitalization healthcare management digital technologies.
Show more
ЧАСТНО-ПРАВОВЫЕ (ЦИВИЛИСТИЧЕСКИЕ) НАУКИ (СПЕЦИАЛЬНОСТЬ 5.1.3.) Pages: 182-186 Issue №24364
Limits of Financial and Legal Regulation of Certain Types of Digital Relations
limits of legal regulation digital currency digital ruble digital financial assets.
Show more
4. CRIMINAL LAW (5.1.4.) Pages: 200-205 Issue №22137
Legal Problems of Digitalization of Prosecutorial Supervision over the Observance of Human and Civil Rights and Freedoms
digital transformation prosecutor's office prosecutor's supervision human rights and freedoms digital economy
Show more
12.00.03 Civil law; business law; family law; private international law Pages: 208-212 Issue №19146
ENSURING OF THE COMPETITIVENESS OF THE RUSSIAN EDUCATIONAL SYSTEM WITH REGARD TO THE FOREIGN SYSTEMS
educational process digitalization informatization experience of foreign countries clusters
Show more
FINANCE Pages: 208-214 Issue №46133
On the Issue of Assessing the Effectiveness of Budget Expenditures on Digitalization of the Public Administration System of the Region on the Example of the City of Moscow
digitalization government programs financial support efficiency of public spending public administration.
Show more