DIGITAL FINANCIAL ASSETS IN CROSS-BORDER PAYMENTS

Cross-border payments in the modern world are the most relevant means of global settlements. Due to certain limitations, their development is becoming increasingly important and promising for the economies of countries. The key objective of using digital financial assets in cross-border payments is to simplify interactions between countries and create new ways of exchanging goods and services for both legal entities and individuals. Introducing such an instrument as a Digital Financial Asset (DFA) into cross-border payments is especially relevant under current sanctions pressure. It is necessary to assess the experience of their use in international payment systems and analyze the existing legislation regulating national financial flows.