Legal Regulation of Digital Currency in Foreign Legislation

Abstract

The analysis of the legal regulation of digital currencies carried out in the article shows the variety of approaches of different jurisdictions to determining their legal nature and principles of inclusion in property turnover. Thus, the global community demonstrates a wide range of approaches to regulating cryptocurrencies, from full legalization to complete prohibition, while the most progressive legal systems strive to find a balance between innovation and regulation to ensure the sustainable development of the financial sector. During the research, special attention is paid to observing the principle of objectivity and a systematic analysis of the phenomena under study, which allows us to obtain reliable results and form informed conclusions about the state and prospects for the development of legal regulation of digital currencies in various jurisdictions. The formal legal method was used to analyze normative legal acts; the comparative legal method was used in the study of foreign experience. Based on the results of the study, it was concluded that it is impossible to unify international legislation in the field of digital currency circulation, due to the lack of well-established models of legal regulation in most countries. In modern conditions, the most promising is the development of flexible regulation, which makes it possible to adapt to rapidly changing technological realities while maintaining the necessary level of control over financial flows.