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Legal Regulation of the Issue of Digital Financial Assets
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Legal Regulation of the Issue of Digital Financial Assets
Annotation
PII
S1605-65900000622-5-1
DOI
10.61205/jrp.2023.094
Publication type
Article
Status
Published
Authors
Anna M. Lapteva 
ORCID: 0000-0002-9636-0742
Occupation: Head of the Department of Financial Law
Affiliation: Saint Petersburg branch, National Research University “Higher School of Economics”
Address: Saint Petersburg, Russia
Edition
Volume 27 No. 8
Pages
95-108
Abstract

The article comprehensively examines the issues of legal regulation of the issue of digital financial assets. In the legal and economic doctrine, as well as in law enforcement practice, there is no uniform approach to the content of the concepts of “digital law”, “digital financial asset”, “utilitarian digital law”, which predetermined the topic of the study.

The purpose of the article is to study insufficiently developed problems related to the procedure for issuing digital financial assets.

The results of the study. Regulation of issues of digital financial assets consists of two levels: at the legislative level, the legal regime of digital financial assets is determined, the procedure for their issue, accounting and circulation, requirements for entities; at the local level, the operator approves the rules of the information system, coordinated with the Bank of Russia. The study of issued digital financial assets showed that, firstly, they are all related to monetary requirements, which means that digital financial assets are currently used in the money market as a borrowing mechanism. Secondly, despite the availability of digital financial assets declared by information system operators for various investors, a significant part of the issues that took place were intended not for a wide range of people, but for certain investors. This is due to the fact that, in general, all releases can be called “pilot”: operators check the working capacity of their information systems, trying to avoid negative consequences.

Keywords
digital rights, digital financial asset, issue of digital financial assets
Date of publication
29.08.2023
Number of purchasers
12
Views
132
Readers community rating
0.0 (0 votes)
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Additional sources and materials

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