E-money as a new object of civil rights in the Russian and international law: restrictions on the turnover and prospects of legal regulation

Purpose: This study aims to research electronic money as a new object of civil rights in Russian and international law and consider the limitations of their turnover. Methodology: The research methodology is based on a system-structural approach using methods of analysis and synthesis, generalization, comparison and analogy. Results: At present, there is a good basis for discussions concerning the differences between the modern understanding of the legal categories of «electronic money» and of «non-cash funds», as well as the possibility of free circulation of e-money and their status as an object of civil rights. The paper also compares the categories of «e-money» and «cryptocurrency». There are many new objects of civil rights that go beyond the generally accepted theories, which is primarily due to the rapid development of digital technologies determining the need to rethink the classical understanding of the category of money. Novelty/originality/value: A new object of civil law is analyzed in the study through the prism of modern market relations and challenges of society in the conditions of its rapid digitalization.