The Role of Legal Regulation of Digital Currencyas a Stage in the Development of the Digital Economy

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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.

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About the authors

Aleksandr A. Komlev

International Law Institute

Author for correspondence.
Email: komlevalexander@gmail.com
SPIN-code: 2857-3092

Postgraduate student, Department of Civil Law and Procedure

Russian Federation, Moscow

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