DIGITAL RUBLE ISSUE
The state economies of our time are faced with the urgent task of developing innovative campaigns to address issues of digital financial asset management. This trend is caused by the development of technological systems for providing financial services and products on the world market. The proposed instrument for regulating digital banking is the integration into the domestic economy of a new form of money - the digital currency of the central bank (digital ruble). The purpose of the study is to form an idea about the issue of digital financial assets and, as a result, to develop an effective way to introduce digital financial assets "digital ruble" into the domestic financial infrastructure. The shortcomings of the existing domestic legislation regarding the regulation of exchange processes and regulation of the turnover of digital financial assets are revealed. The concepts of "issue of digital financial assets", "digital ruble" are disclosed. The processes of issuing the digital ruble, the planned turnover in the domestic financial system, the possibility of converting digital financial assets being introduced into cash and non-cash money are considered. The position of the digital ruble in the structure of the domestic money supply is determined. Potential problems in the economic system in the process of integrating the digital ruble into it are noted. The processes of pricing and fixing the value of digital financial assets are considered. The analysis of the issue of digital financial assets showed a technical flaw and a general limitation in the functionality of the digital ruble, which is supposed to be integrated.
Keywords: digital financial assets, digital ruble, digital currency, ICO project, cryptocurrency, issue, internet banking.
Highlights:
♦ the digital ruble planned by the Central Bank of Russia to be introduced into the domestic economic system is not a full-fledged digital financial asset;
♦ the digital ruble, in the process of being introduced into the domestic economic field, acquires properties characteristic of another type of fiat money;
♦ the introduction of the central bank`s digital currency (digital ruble) into the Russian financial system will lead to a change in the structure of the money supply, reducing the volume of aggregators M0, M1.
Viktor N. Terentyev, post-graduate student, Volga State Technological University.; Konstantin G. Petrov, postgraduate student, Samara National Research University named after Academician S.P. Korolev (Samara University)