Research

This brief discusses money in its general definition and describes new types of money arising in the modern era of digitalization, such as electronic money, cryptocurrencies, Central Bank Digital Currencies (CBDC), etc. It provides an overview of some of the legislative approaches trying to deal with new types of money and outlines the benefits and shortcomings arising from allowing for financial operations with digital currency. It also stresses the necessity of a new integrated approach in national and international regulation of cryptocurrencies.