State Regulation of Cryptocurrencies as a Factor of Regional Development
- DOI
- 10.2991/aebmr.k.200502.131How to use a DOI?
- Keywords
- cryptocurrency, blockchain, digital financial asset, digital rights, token, electronic money
- Abstract
The main attention is paid to the review of prospects in the field of legal regulation of such new financial instruments as cryptocurrencies as a type of electronic money. A number of bills and laws governing the public relations in question are analyzed. The problems that the Russian legislator is required to solve in order to ensure adequate legal regulation of new public relations are highlighted. The experience of some foreign countries in the field of legal regulation of cryptocurrencies is analyzed. It is concluded that today the development of the legal regime of new financial instruments, cryptocurrencies, is an urgent need. The lack of state regulation in the Russian Federation of electronic payments made in payment systems that use cryptocurrency as a means of transactions introduces confusion into society making the use of digital financial assets in the Russian Federation doubtful, which seems like a denial of world technology. Ultimately, the development of the Russian state depends on the fastest solution to this problem.
- Copyright
- © 2020, 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/).
Cite this article
TY - CONF AU - N.N. Kovalyova AU - N.A. Zhirnova AU - M.V. Filimonova PY - 2020 DA - 2020/05/05 TI - State Regulation of Cryptocurrencies as a Factor of Regional Development BT - Proceedings of the 2nd International Scientific and Practical Conference “Modern Management Trends and the Digital Economy: from Regional Development to Global Economic Growth” (MTDE 2020) PB - Atlantis Press SP - 807 EP - 812 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.200502.131 DO - 10.2991/aebmr.k.200502.131 ID - Kovalyova2020 ER -