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.
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