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IMPROVEMENT OF REGULATORY AND LEGAL REGULATION OF DIGITAL CURRENCY TURNOVER

DOI: 10.46573/2409-1391-2022-2-92-97

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Authors

A.V. Boykova

Abstract

The article analyzes the points of view on the issue of a complete ban or regulation of cryptocurrencies in connection with the many risks associated with them. The key changes in the mechanism for regulating the circulation of digital currencies are summarized. Critical remarks are systematized, which, in the opinion of the professional community, hinder the development of blockchain technologies in general. It is substantiated that the improvement of the legal regulation of the circulation of digital currencies should be carried out in accordance with international experience and taking into account the opinions of market participants, since adequate legal regulation excludes the possibility of the emergence of a parallel financial system, introduces clear and understandable rules of the game for market participants, rights of investors.

Keywords

financial system, cryptocurrency, digital financial assets, regulator, economic crimes, bank.