Digital Ruble: Theory and Perspectives of Legal Regulation

Abstract

This article focuses on the transformation of the classic legal tender - money. The world space is trying to find an alternative to cash and non-cash payments. We are talking about cryptocurrency and other forms of virtual currencies, which are based on a distributed ledger for storing information about transactions. In connection with the growing popularity of cryptocurrencies, the question of public confidence in the state arises. Analysts associate this situation with various factors, including the fact that citizens did not have broad alternatives in choosing legal means of payment. The authors in the article set out their views on this matter. In addition, the issue of issuing national digital currencies is being considered. The authors analyze the prospect of legal consolidation of the digital ruble as a new type of national payment unit, note its advantages and disadvantages, as well as risks. The authors analyze the discussion about the advisability of legislative consolidation of the digital ruble. The article discusses the contradictions in approaches to the definition of concepts used in the field of regulation of digital currencies. We are also talking about the legal nature of the digital ruble and its relationship with cryptocurrency. The research topic is new for scientific legal literature due to the novelty of relations arising in the field of digital currencies. This factor determines the relevance of the study. The article discusses the issues of the ratio of the digital ruble and cryptocurrency, and draws conclusions regarding the essence of the digital ruble.