Legal Classification of Electronic Money

Student: Berezovskiy Mikhail

Educational Programme: Electronic Business (Master)

Year of Graduation: 2016

This work is devoted to the status of e-money. It describes the evolution of electronic money and classification of electronic money. The most likely potential threats of the uncontrolled emission of electronic money were posed . The difference between electronic money and cryptocurrency was substantiated. The analysis of the existing Russian legislation in the field of electronic money was made and the mechanisms for organizing these services in this country were described. The specific role of electronic money in the legal sphere was substantiated. A comparison of the legal status of electronic money in the United States and the European Union was made. The necessity to improve the existing legislation was revealed. The paper includes a review of the world's handling cryptocurrency laws. The author offered variants of improvment the existing legislation. The current estimation of the legal status of electronic money was given.

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