Digital Financial Assets as a Digital Civil Commerce Item

The article examines the features of the involvement of digital financial assets in civil circulation in their comparison with traditional objects of civil law. The author refers to the procedure of giving classical material and other property objects a “digital” attribute, noting that virtual space acts only as a means of consolidating traditional objects. The main feature of the turnover of digital financial assets has been identified — their accounting in a special information system. Exploring the concepts of “digital financial asset” and “digital law”, the author comes to the conclusion about their relationship as a private and a whole, i.e. digital financial assets represent certain digital rights issued under a special procedure within a special information system. The use of general and private methods of scientific knowledge allowed the author to formulate the rules of civil turnover of digital financial assets: such turnover is formalized in electronic and digital form; objects of digital turnover are created, alienated and terminated in the information system. At the same time, the current legislation does not fix special rules for the introduction of digital objects into civil circulation.

Authors

Publication Details

Journal
CIVIL LAW
Published
2024-11-28
DOI
https://doi.org/10.18572/2070-2140-2024-6-9-12
Citations
1
Primary Topic
Economic and Technological Developments in Russia
Type
article
Field-Weighted Citation Impact
1.40
Controls
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article

Digital Financial Assets as a Digital Civil Commerce Item

Albert V. Tumakov
1 citations
CIVIL LAW
Economic and Technological Developments in Russia
1.40
article

Digital Financial Assets as a Digital Civil Commerce Item

Albert V. Tumakov
article en
1 citations

Abstract

The article examines the features of the involvement of digital financial assets in civil circulation in their comparison with traditional objects of civil law. The author refers to the procedure of giving classical material and other property objects a “digital” attribute, noting that virtual space acts only as a means of consolidating traditional objects. The main feature of the turnover of digital financial assets has been identified — their accounting in a special information system. Exploring the concepts of “digital financial asset” and “digital law”, the author comes to the conclusion about their relationship as a private and a whole, i.e. digital financial assets represent certain digital rights issued under a special procedure within a special information system. The use of general and private methods of scientific knowledge allowed the author to formulate the rules of civil turnover of digital financial assets: such turnover is formalized in electronic and digital form; objects of digital turnover are created, alienated and terminated in the information system. At the same time, the current legislation does not fix special rules for the introduction of digital objects into civil circulation.

CIVIL LAW
Openalex Percentile: Top 13%
Economic and Technological Developments in Russia
1.40
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