Leading problems and prospects in the regulation of the digital economy

DOI

10.2991/icsbal-19.2019.30How to use a DOI?

Keywords

Digital economy, regulation, leadership, cybersecurity, economy and society

Abstract

This paper tackles the issue of problems, experience and the pathways for development for the man and society in the digital economy. In particular, it focuses on the digital technologies and the information society. Moreover, the paper contemplates on the regulatory environment in the digital economy and discusses some of the crucial issues of this phenomenon such as taxation and cryptocurrencies. Our results demonstrate that digital economy requires special measures of regulations due to its specific features and peculiarities. Electric payment systems and cryptocurrencies might speed up the process of money transfers and international payments, yet they pose numerous threats related to the anonymity of such transactions. Moreover, digital economy might bring both benefits and disasters such as cybercrimes and hacker attacks. But the most serious issue is that the development of the digital economy has been so unprecedently fast that the existing legislation is lagging behind its development in enormous proportions. Legislators need to think hard how to set up the limits for the digital economy operation and control without hampering its growth and potentials which are beneficial for the development of the economy and society.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Elena Korneeva
AU  - Marina Voloshinova
AU  - Anna Albaeva
PY  - 2019/10
DA  - 2019/10
TI  - Leading problems and prospects in the regulation of the digital economy
BT  - Proceedings of the 4th International Conference on Social, Business, and Academic Leadership (ICSBAL 2019)
PB  - Atlantis Press
SP  - 170
EP  - 175
SN  - 2352-5398
UR  - https://doi.org/10.2991/icsbal-19.2019.30
DO  - 10.2991/icsbal-19.2019.30
ID  - Korneeva2019/10
ER  -