Regulatory and Legal Means and Principles for Regulating Digital Financial Assets and Digital Currencies
DOI:
https://doi.org/10.5377/reice.v12i23.18289Keywords:
Principles of Law, Principles of Financial Law, Financial Law, Digital Financial Assets, Digital Ruble, Digital PlatformAbstract
Digital financial assets, central bank digital currencies, blockchain, and digital platforms determine the modern vector of the development of financial and legal relations. The article aims to analyze the current legislative and regulatory frameworks governing digital financial assets and digital currencies. Its objective is to identify the fundamental principles guiding the regulation of these technologies and to highlight challenges and opportunities within the legal sphere. A systematic literature review is conducted using the Scopus and Web of Science databases. The authors highlight the need to create a system of legal principles for regulating relations in the sphere of digital financial assets, digital currency, and digital ruble. The principles will help digitalize the payment infrastructure and the coordinate system within which the corresponding branch of law develops. This process determines the development of this industry, which is especially relevant for financial legislation in the context of ongoing blockchainization and digital platformization.
Downloads
References
Aliev, V., Valeev, A., Zhirov, R., Nikolaeva, Y., Oliempiev, A. (2023). Fraud as a type of theft: issues of legal regulation. Revista Brasileira de Direito, 19(1). https://doi.org/10.18256/2238-0604.2023.v19i1.4921
Biancotti, C. (2023). Going native? How crypto technology may help regulators. Computer Law and Security Review, 51. https://doi.org/10.1016/j.clsr.2023.105900
Cappai, M. (2023). The role of private and public regulation in the case study of crypto-assets: The Italian move towards participatory regulation. Computer Law and Security Review, 49. https://doi.org/10.1016/j.clsr.2023.105831
Eremeeva, E., Volkova, N., Khalilova, T., Yasnitskaya, Y., & Kurgaeva, Z. (2024). The Influence Of Creative Industries On Their Contribution To The Economy And The Level Of Socioeconomic Development Of The Territory (The Case Of Russia). Revista Gestão & Tecnologia, 24(2), 228-243.
Ferreira, A., & Sandner, P. (2021). Eu search for regulatory answers to crypto assets and their place in the financial markets’ infrastructure. Computer Law and Security Review, 43. https://doi.org/10.1016/j.clsr.2021.105632
Fokina, L., Khasuev, A., Kirillova, E. (2023). Legal Status And Principles Of Cryptocurrency Circulation.. Journal Of Law And Political Sciences, 37(2), 110-129.
Iakhiaev, D., Grigorishchin, A., Voronina, L., Dementeva, D., Ivanova, I. (2023). Conceptual foundations and global challenges in the formation of digital sovereignty of the state. Nexo Revista Cientifica, 36(05), 169-179.
Ketova, N. & Ovchinnikov, V. (2024). Strategic management of innovative changes in the Russian economy: assessments and main approaches. Journal of Management & Technology (Revista Gestão & Tecnologia): Special Edition, 24(2), 258-269.
Kirillova, E. A., Zulfugarzade, T. E. darovich, Blinkov, O. E., Serova, O. A., & Mikhaylova, I. A. (2022). Prospects for developing the legal regulation of digital platforms. Juridicas CUC, 18(1), 35–52. https://doi.org/10.17981/juridcuc.18.1.2022.02
Levin, M., Novikova, M., Filatova, I. (2022). Impact of Global Threats on Economic Security. Revista Electrónica de Investigación en Ciencias Económicas, 10(20), 43-52.
Muradyan, S., Mikhaylenko, N., Skachko, A., Ivanova, Y., Rogachev, E., Alimamedov, E. (2023). Mining of Cryptocurrencies: Analysis of Law Enforcement Practice and Problem Solving in Legal Regulation. Jurnal Cita Hukum (Indonesian Law Journal), 11(1), 21-32.
The Tokenisation of Assets and Potential Implications for Financial Markets. (17 January, 2020). Organisation for Economic Co-operation and Development. Retrieved from: https://www.oecd.org/finance/The-Tokenisation-of-Assets-and-Potential-Implications-for-Financial-Markets.htm
Tokenized non-cash money. (2023). Information and analytical report of the Bank of Russia. Moscow: Bank of Russia. Retrieved from:: https://www.cbr.ru/Content/Document/File/152926/review_token.pdf
UNIDROIT adopts Principles On Digital Assets And Private Law. (July 07, 2023). Dechert. Retrieved from: https://www.dechert.com/knowledge/onpoint/2023/7/unidroit-adopts-principles-on-digital-assets-and-private-law-.html
Zakaznova, A., Nazarov, A., Fedorchuk, L. (2024). Digitalization of Law in The Modern World. Journal Of Law And Political Sciences, 41(2), 136-151.
Zakkaroni, G. (2022). Decentralized Finance and EU Law: The Regulation on a Pilot Regime for Market Infrastructures Based on Distributed Ledger Technology. European Papers, 7(2). 601-613. Retrieved from: https://www.europeanpapers.eu/en/europeanforum/decentralized-finance-eu-law-regulation-on-pilot-regime-for-market-infrastructures-based-on-distributed-ledger-technology
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
