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Characteristics and Development Trends of the Digital Assets Segment in Modern Practice in Russia and Abroad
Journal of Corporate Finance Research. 2024. Vol. 18. No. 2.
Pastukhov E.
Баширов М. Ф., Кулешова Е. П., Бизнес. Общество. Власть 2025 № 1 (55) С. 119–127
The article analyzes the key aspects of the digital ruble, outlined in the official concept published by the Bank of Russia. The possible advantages for business, the state and society noted in the document are considered, and a number of recommendations are proposed that will allow realizing all the positive aspects of the new monetary ...
Added: August 10, 2026
Lapteva A., Вестник Санкт-Петербургского университета. Серия 14. Право 2026 Т. 17 № 2 С. 353–370
The article deals with the issues of the protection rights of holders of digital financial assets. The digital financial assets (hereinafter referred to as CFAs) are used in various economy sectors, as a result, the number of their issues is growing every year. The legal framework for the turnover of these objects was established in ...
Added: July 20, 2026
Дергилёва А. А., Добрынская В.В., Gurov S. et al., Journal of Applied Economic Research 2026 Т. 25 № 1 С. 249–282
The cryptocurrency market has been considered until recently a market for private, non-portfolio investors, and the research focus has been on volatility. However, gradual institutionalization and creation of ETFs have highlighted new characteristics, including the asymmetry of trade behavior. Our research aims to analyze the relationships between asymmetric risk indicators and the returns of portfolios ...
Added: June 14, 2026
Юргелас М. В., Авдеевич О. А., Разумовская К. В., Бизнес. Общество. Власть 2025 № 3 (57) С. 202–217
The current economic and political situations in the world determine a special vector of development of new technologies, including digital financial assets, which, in turn, attract more and more attention from issuers and investors. The regulator, represented by the Bank of Russia, has been actively supporting this topic throughout the formation of the Russian digital ...
Added: February 24, 2026
Salamatov V., Базелюк В. Н., Бизнес. Общество. Власть 2025 № 3 (57) С. 218–238
The article is dedicated to analyzing the experience of the Islamic Republic of Iran under prolonged sanction pressure that has been ongoing since 1979. The main focus is on three key aspects: historical stages of sanctions implementation, their impact on the economy, politics, and social sphere of the country, as well as Iran's methods of ...
Added: February 13, 2026
Kuninets A., Malygina E., Nesterenko A. et al., Journal of Computer Virology and Hacking Techniques 2026 No. 22
This work describes a post-quantum lattice-based linkable ring signature scheme over NTRU lattices, constructed within the Raptor framework. Our design incorporates the Ducas–Prest Gaussian sampler, the signature generation and verification algorithms from the Falcon scheme, and the key generation algorithm from the Mitaka scheme. This hybrid approach combines Falcon’s compact signatures and fast verification with ...
Added: January 23, 2026
Victoria Dobrynskaya, Strelnikov V., Quarterly Journal of Finance 2025 Vol. 15 No. 4 Article 2640001
We study financial returns on videogame attributes as alternative investments, using CS:GO skins as an example. Using an extensive dataset of monthly returns on 4,565 skins for 2013-2024, we find that these niche investments outperform most traditional and alternative assets with the average return about 40% pa and provide diversification benefits. The time-series analysis indicates ...
Added: January 21, 2026
Ионцев М. А., Инновации и инвестиции 2025 № 7 С. 43–46
The article examines the volatility of the BTC digital currency against the background of volatility indicators of traditional securities. A comparative analysis was conducted, which revealed that the level of price instability of BTC is generally comparable to the volatility of a number of stocks and other financial instruments. Particular attention is paid to factors ...
Added: November 10, 2025
Ионцев М. А., Финансовая экономика 2025 № 6 С. 32–34
Despite the instability of the digital financial system, the extent of the impact of the cryptocurrency ecosystem on systemic risk depends on the likelihood that adverse shocks occurring in the system may hinder the provision of financial and payment services to the real sector of the economy. Since the provision of financial services directly from ...
Added: November 10, 2025
Ионцев М. А., Финансовый бизнес 2025 № 6 (264) С. 120–127
This article proposes a methodology for systemic risk assessment within a conventional financial system adapted to the specifics of the digital asset ecosystem, which distinguishes between vulnerabilities and shocks. Thus, shocks are sudden or unexpected events that have a negative impact on the financial system, while financial vulnerabilities are factors that increase the negative impact ...
Added: November 10, 2025
Ионцев М. А., Евразийский юридический журнал 2025 № 2 (201) С. 158–162
The article provides an in-depth analysis of the current state of digital currency regulation at the international and national levels. With the rapid development of technologies and financial markets, digital currencies are becoming more relevant for both settlements and investment strategies. The author considers the main legal categories relating to digital currencies, including their classification, ...
Added: November 10, 2025
Ионцев М. А., Евразийский юридический журнал 2025 № 1 (200) С. 237–240
This article explores the legal nature of digital currencies and their legal definition in the context of Russian laws. The rapid development of blockchain and cryptocurrency technologies makes the importance of clear regulation of these legal relations especially relevant. The article analyses existing approaches to the legal nature of digital currency considering it as property, ...
Added: November 10, 2025
Ионцев М. А., Евразийский юридический журнал 2024 № 12 (199) С. 205–207
The article considers the peculiarities of the adoption of Part 5 of Article 14 of the Digital Financial Assets Act, which introduces a ban on the execution of transactions the subject of which is the digital currency. The author considers the concept of counter-provision in connection with the theory of synallagmatic relations, defines payment as ...
Added: November 10, 2025
Ионцев М. А., Государственная служба 2024 Т. 26 № 4 (150) С. 83–99
The paper discusses the peculiarities of adopting Part 5 of Article 14 of the Law on Digital Financial Assets,which prohibits digital currency transactions.The author defines payment as a form of counter-provision and examines the idea of counter-provision concerning the theory of synallagmatic relations.The article clarifies the definition of terms «payment» and «means of payment» and ...
Added: November 10, 2025
Ионцев М. А., Юридическая наука 2025 № 2 С. 151–155
The article addresses topical issues related to the peculiarities of the legal regime of certain types of digital financial assets. First, the author pays attention to the absence of special regulation of tokens certifying monetary claims, due to which this type of tokens allows to build both simple contractual relations, mediating debt relations, and complex ...
Added: November 10, 2025
Ионцев М. А., Предпринимательское право 2025 № 1 С. 2–8
The article discusses topical issues related to the specifics of making payments using digital financial assets and foreign digital rights as a means of payment under foreign trade agreements. Firstly, the author pays attention to the ways of making such calculations through atomic swaps with digital rights and foreign digital rights. Special attention is paid ...
Added: November 10, 2025
Ионцев М. А., Инновации и инвестиции 2024 № 12 С. 440–445
With the help of a new series of digital shocks, we have revealed that the assets of money market funds (MMFs) under management and traditional financial market variables do not respond to digital shocks in a broader sense, while the market capitalization of steablecoins reacts. The shocks of US monetary policy, on the contrary, stimulate ...
Added: November 10, 2025
Ионцев М. А., Вестник Университета имени О.Е. Кутафина 2024 № 9 (121) С. 114–122
The article discusses topical issues related to the nature of tokens. First, the author pays attention to the proximity of the legal nature of tokens to uncertified securities, which are also a mechanism for accounting for property rights, and not an independent type of property right. Secondly, the author resorts to a comparative legal method ...
Added: November 10, 2025
Volkova O. N., Финансы: теория и практика 2025 Т. 29 № 5 С. 21–33
Cryptocurrencies are a type of financial instrument that has been widely used by financial market participants since
the early 2010s. Despite their growing popularity, their status within financial systems across different countries
remains a topic of ongoing discussion. There is still no consensus on how to best understand the economic nature of
these digital assets. This paper uses ...
Added: November 5, 2025
Khusainov G., Теоретическая и прикладная юриспруденция 2026 № 1 С. 184–197
Introduction. The swift evolution of digital asset technologies continues to outpace the development of comprehensive regulatory frameworks. In this context of legislative gaps, court rulings play a pivotal role in shaping the legal status of cryptocurrencies and mining, underscoring the relevance of a comparative analysis of their impact across different legal systems.
Methodology and materials. This ...
Added: October 28, 2025