Abstract:

Building a digital economy allows, on the one hand, opening up additional social and economic opportunities for society (the introduction of digital monetary systems), thus increasing the quality of life. However, on the other hand, it may generate various risks and threats to the security of electronic and digital platforms in the form of hacks and cyber-attacks. Electronic money (EM) (or electronic funds (EF)) is one of the most important elements of the current stage of economic development. The relevance of the research topic is due to the insufficient elaboration of the legislative framework for the circulation of electronic money and digital currencies, and, consequently, the possibility of the emergence of various economic and legal risks and threats that reduce the security of electronic money transfer operations.

The purpose of the research paper is to identify and assess the economic and legal risks of the EM system, as well as to develop recommendations for improving the safety of the EM application.

Based on the systematization of the EM regulation models, the authors make a conclusion regarding the need for a special regulatory and legal framework regulating the sphere of circulation of electronic and digital money in Russia. Based on the analysis of the risks and security associated with the emission of electronic and digital money, recommendations for managing these risks are developed.