Article title: THE PROBLEM OF LEGAL UNCERTAINTY OF CRYPTOCURRENCY CIRCULATION IN THE RUSSIAN FEDERATIO

Article author: Ageeva Galina Evgenievna

Number of pages: 7

Contact mail: galinaageevva@mail.ru

Аbout the author:

Annotation:
The paper deals with the problems of uncertainty of the legal status of cryptocurrency and its circulation in the territory of the Russian Federation. In the conditions of digitalization and the modern level of information and communication methods of interaction of legal entities, the use of digital currency is necessary. The author emphasizes the lack of legal regulation of virtual money, which is why they are outside the legal field, respectively, their circulation is not defined. At the legislative level, cryptocurrency is not perceived as a legal means of payment due to its illegality. In addition, for a long time domestic courts have ignored the virtual currency, refused to regard it as a financial instrument, and sometimes even perceived as evidence of the Commission of certain types of crimes. However, due to the fact that virtual money is actually still used by legal entities, in the process of law enforcement practice, they were given a place in the list of other objects of civil rights. However, the order of circulation of such an object is also very uncertain. All transactions related to the circulation of such a financial instrument as cryptocurrency are anonymous. Moreover, they are not controlled by anyone. Even if the virtual currency is used for legitimate purposes, neither an erroneous transaction nor a bona fide loss of the crypto wallet is refundable. It is impossible to guarantee any security and ensure normal functioning in the legal space in these conditions. In view of this, we believe that for the effective circulation of cryptocurrency in our country and its full use as a means of payment, it is also necessary to ensure the possibility of foreclosure on it. According to the author, in modern conditions, the concept of cryptocurrency, giving it a specific legal status are priorities for domestic legislators. Law enforcement practice is not just ready for this, but is actively being formed without legal regulation. The course to build a digital society in the Russian Federation has been firmly outlined in recent years, which is why the formation and development of digital currency turnover in our country is very relevant, significant and in demand by the subjects of legal relations.