Problems of legal regulation of digital currencies in Russia and abroad: comparative analysis

UDC 339

Authors

Aliev R. R.
Moscow State University M.V. Lomonosov, Moscow, Russia

Abstract

This article discusses the problems related to the legal regulation of digital currencies in the Russian Federation and abroad. In particular, the issues related to the status of digital currencies as an object of civil rights and as a means of payment, issues related to the practical difficulties of taxation of digital currencies are considered. The author makes a theoretical conclusion that there are currently three approaches to digital currency as a means of payment: a complete ban on using it in this form (Russia), the introduction of digital currency by a single centralized authority (the European Union, and Sweden, in particular), or the recognition of cryptocurrencies on a par with the national currency (El Salvador). The author also concludes that it is necessary to tax digital currency and the method of its extraction (mining) in the Russian Federation.

Keywords

cryptocurrency, taxation, means of payment, digital currencies.