Transformation of the State Security and Law Enforcement System in the Context of the Introduction of Digital Financial Instruments

Andrey A. Eltsin; Ельцин Андрей Анатольевич

Transformation of the State Security and Law Enforcement System in the Context of the Introduction of Digital Financial Instruments

Authors: Eltsin A.A.¹
Affiliations:
1. Academy of management of the Ministry of internal Affairs of the Russian Federation
Issue: Vol 19, No 6 (2023)
Pages: 219-226
Section: Finance
URL: https://journals.eco-vector.com/2541-8025/article/view/626613
EDN: https://elibrary.ru/WANXGC
ID: 626613

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Abstract
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Abstract

The purpose of the study is to summarize the practice of the world experience in the use of centralized and decentralized finance. The article provides an analysis of the regulatory legal regulation of the activities of states to implement a system of digital circulation of finance. The article assesses the risks of introducing digital finance to increase the crime rate in various countries, and also presents the author's interpretation of the concept of digital sovereignty.

Keywords

centralized and decentralized finance, digital currencies, fiat money, stablecoins, digital sovereignty

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About the authors

Andrey A. Eltsin

Academy of management of the Ministry of internal Affairs of the Russian Federation

Author for correspondence.
Email: aaeltsin@gmail.com
SPIN-code: 4300-7753
Scopus Author ID: 1071442

Cand. Sci. (Econ.), Associate Professor of the Department of organization of financial, economic, material, technical and medical support

Russian Federation, Moscow

References

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Coeuré, B., Loh, J. (2018). Central Bank Digital Currencies. Committee on Payments and Market Infrastructures BIS Report. 34 p.
Edition FINMA du 16 fevrier 2018. —Access mode: https://www.finma.ch/fr/autorisation/fintech, free of charge. (accessed 11.12.2023).
Morhat P.M. Cryptocurrency in the bankruptcy estate of a bankrupt debtor. Zakon i pravo, 2019, №. 4, pp. 19–22. (In Russ.).
Petrova, E.E., Blanche, B.De.T.D. Analysis of the concept of digital currency / Petrova, E.E., Blanche, B.De.T.D. // Innovation and investment foundation for the development of the economy of society and the state, St. Petersburg. —2021. —pp. 71-77.