Legal Regulation of Electronic Money Turnover: Global Trends


Raiymbergenova K.T. Aigarinova G.T. Atakhanova S.K. Saparov B.Z. Nakisheva M.K.
October 2023Universidade de Brasilia

Revista de Direito, Estado e Telecomunicacoes
2023#15Issue 21 - 15 pp.

[Purpose] To analyse the existing trends in the turnover of electronic money, and their relationship with the conventional cash turnover on the territory of the Eurasian Economic Union (EEU), in particular, in the legal system of the Republic of Kazakhstan (RK). [Methodology/Approach/Design] Deduction, content analysis, comparative analysis, and other general and special research methods were used. [Findings] As a result, the existing problems in the functioning of the type of money considered in this study were analysed. The study includes recommended measures to introduce amendments to legislation aimed at removing barriers to the functioning and circulation of electronic money, which will benefit the economic system of the given state. [Practical Implications] The information presented in this article can be useful material for representatives of public authorities in the implementation of reforms to modernise the economic system, for a wide range of readers interested in the development of digital technologies and their impact on the commercial activities of subjects of the economic life of society.

Bank , Currency , Economy , Financial Organisation , Payment System

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Department of Customs, Financial and Environmental Law, Al-Farabi Kazakh National University, Almaty, Kazakhstan
Department of Civil Law and Civil Procedure, Labor Law, Al-Farabi Kazakh National University, Almaty, Kazakhstan
The Administrative Department, Abai Kazakh National Pedagogical University, Almaty, Kazakhstan

Department of Customs
Department of Civil Law and Civil Procedure
The Administrative Department

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