Foreign experience of using digital financial assets in civil circulation

The article is devoted to a comprehensive study of international experience in the field of using digital financial assets in civil circulation. The primary focus is on the legal mechanisms of regulation, economic effects, and practical aspects of the implementation and utilization of these assets across various jurisdictions. The relevance of the study is due to the need to effectively adapt international practices to Russian conditions, considering the specifics of the domestic economic system and legal field. In the modern conditions of digital transformation of the financial sector, the study of successful models for regulating digital financial assets is of particular importance. The work provides a detailed analysis of the experience of various states demonstrating a variety of approaches to regulating digital financial assets. Particular attention is paid to the practice of such countries as Switzerland, which has created a progressive system for regulating digital assets, Singapore, which has developed an innovative model for controlling digital financial instruments, the United States of America, which uses a multi-level supervision system, and Germany, which has integrated digital assets into the traditional financial system. The study covers a wide range of government approaches to regulating digital financial assets - from creating favorable conditions for their development and implementing comprehensive regulatory mechanisms to a complete ban on transactions with such assets in some jurisdictions. The legal aspects of regulation are considered in detail, including issues of taxation of transactions with digital assets, mechanisms for protecting consumer rights and ensuring transaction security.