Legal regulation of the turnover of cryptocurrency in the Russian Federation: expert opinion

The study reviews the possibilities of legal regulation of cryptocurrency turnover in the Russian Federation. It investigates the successful legal regulation of digital currency turnover in foreign countries (Japan, Canada, Singapore). The research highlights the following Russian approaches to dealing with the legal regulation of this economic and legal phenomenon: 1) a complete ban on the issue and circulation of cryptocurrency; 2) the regulation of the turnover of cryptocurrency through the adoption of new legal instruments imposing significant restrictions on it; 3) the regulation granting maximum rights to market players. The author has developed a balanced legal framework for the regulation of digital currency which considers all sorts of risks. In conclusion, the research presents the concept of legal regulation in the field of the turnover of digital assets developed by the expert community under the State Duma of the Russian Federation.