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Theoretical and legal advantages of the concept of digital financial assets over various forms of money

https://doi.org/10.35854/2219-6242-2023-1-139-147

Abstract

The authors consider the advantages of the concept of digital financial assets, in particular the digital ruble, over other forms of money. The existing approaches to the implementation of the system of data privacy and consumer protection in the use of the digital ruble by individuals, legal entities, and the state were analyzed. Proposals for further regulation of the digital ruble were formulated.

About the Authors

V. V. Kostikov
St. Petersburg University of Management Technologies and Economics
Russian Federation

V. V. Kostikov — PhD in Veterinary Science, Associate Professor, Associate Professor at the Department of Local Law and Procedure

44a Lermontovskiy Ave., St. Petersburg 190103



I. V. Samotolkov
St. Petersburg University of Management Technologies and Economics
Russian Federation

I. V. Samotolkov — technical director of MediaMetrika LLC, postgraduate student at the Department of Broad Interpretation of Law and Procedure

44a Lermontovskiy Ave., St. Petersburg 190103



A. A. Reznikov
St. Petersburg University of Management Technologies and Economics
Russian Federation

A. A. Reznikov — director of relations with educational institutions of MediaMetrika LLC, postgraduate student at the Department of Broad Law and Procedure

44a Lermontovskiy Ave., St. Petersburg 190103



References

1. The role of the digital ruble in monetary circulation. In: Digital ruble: Report for public consultations. Moscow: Bank of Russia; 2020:5-11. URL: https://cbr.ru/StaticHtml/File/112957/Consultation_Paper_201013.pdf (accessed on 07.02.2023). (In Russ.).

2. The concept of the digital ruble of April 8, 2021: Prepared by the Bank of Russia. Electronic Fund of Legal and Regulatory Documents. URL: https://docs.cntd.ru/document/603273864?ysclid=lg3k7nll6f15655794 (accessed on 07.02.2023). (In Russ.).

3. Brusakova I.A. Tools for system analysis of digital enterprise efficiency. In: System analysis in design and management. Proc. 19th Int. sci.-pract. conf. Pt. 2. St. Petersburg: Peter the Great St. Petersburg Polytechnic University; 2015:16-21. (In Russ.).

4. On answers to questions for the meeting “Regulation by the Bank of Russia of the activities of commercial banks”. Bank of Russia order No. 03-40-4/2915 dated April 5, 2021. Garant.ru. URL: https://base.garant.ru/400691865/?ysclid=lg3kfo5wmx283084891 (accessed on 07.02.2023). (In Russ.).

5. Rozhdestvenskaya T.E., Guznov A.G., Efimova L.G. Private banking law. Moscow: Prospekt; 2020. 776 p. (In Russ.).


Review

For citations:


Kostikov V.V., Samotolkov I.V., Reznikov A.A. Theoretical and legal advantages of the concept of digital financial assets over various forms of money. Sociology and Law. 2023;15(1):139-147. (In Russ.) https://doi.org/10.35854/2219-6242-2023-1-139-147

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ISSN 2219-6242 (Print)