Legal regulation of digital currencies: foreign experience and positions of international financial organizations

Abstract

Importance: аnalysis of the legal mechanisms used at the international level to regulate the circulation of digital currencies, including cryptocurrencies and tokens. Particular attention is paid to studying the positions and views of international financial organizations, such as the IMF, the World Bank and the FATF, regarding digital currencies. Purpose: is to systematize and analyze legal approaches and recommendations of international organizations on the regulation of the circulation of digital currencies, in order to identify existing trends, problems and potential for harmonization of legal regimes. Research design: the authors collected statistical information on the volume of digital currency transactions, as well as data on the number and type of legal acts regulating this sector in various countries, and a qualitative analysis was carried out, which included the study and comparison of national laws, regulations and regulatory policies the field of digital currencies, as well as analysis of the positions and recommendations of international organizations. Results: the study provides an opportunity to better understand the current state and prospects for the legal regulation of digital currencies at the international level, identifying key challenges and possible solutions to them