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Possibilities of Applying the Foreign Experience in Regulation of Digital Currency Circulation in Russia

In: Global Economics and Management: Transition to Economy 4.0

Author

Listed:
  • I. P. Supis

    (National Research Tomsk State University)

  • A. A. Shcherbinina

    (National Research Tomsk State University)

  • S. V. Sevostyianov

    (National Research Tomsk State University)

  • Damian Kaczor

    (Munich University of Applied Sciences)

Abstract

The research is devoted to the study of the phenomenon of digital currencies and their circulation in the world. The work contains a theoretical part explaining the basic terminology associated with digital assetsDigital assets and in particular digital currencies or cryptocurrencies. Based on the study of federal laws, periodical Russian and foreign publications, as well as internet resources, the key points of the legal status of digital currencies and their circulation in Japan, Australia, and the USA were considered. The authors also studied Russia’s current position on the legalization of virtual currencies in the country. The result of the work is the formation of assumptions about the future legal status and regulation of the circulation of digital currencies in Russia and the assessment of the possibility of using some aspects of the legal regulation of these foreign countries in Russian practice. The main goal of this research is to explore how cryptocurrencyCryptocurrency is regulated in foreign countries and to mention the possibilities of using their experience in a field of Russian laws.

Suggested Citation

  • I. P. Supis & A. A. Shcherbinina & S. V. Sevostyianov & Damian Kaczor, 2019. "Possibilities of Applying the Foreign Experience in Regulation of Digital Currency Circulation in Russia," Springer Proceedings in Business and Economics, in: Mikhail Kaz & Tatiana Ilina & Gennady A. Medvedev (ed.), Global Economics and Management: Transition to Economy 4.0, chapter 0, pages 155-164, Springer.
    • Handle: RePEc:spr:prbchp:978-3-030-26284-6_14
    DOI: 10.1007/978-3-030-26284-6_14
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