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Russian Legal Policy Regarding Digitalization

The importance of understanding digital technologies and their interaction with the law is evidenced by the fact that a number of processes remain unregulated, thus, persons participating in them are deprived of legal guarantees. It is also important that not only the conclusion of contracts, but also the use of virtual currencies as a means of payment is moving into the virtual sphere. It is obvious that transactions which are not under the control of the state can undermine the financial system of any country. So, the issues of using virtual currency for making investments become topical. Also, technologies that rely on the use of self-learning artificial intelligence to make deals may actualize some questions. Thus, the issue of legal regulation of digital economy was raised at the highest level. This article analyzes named Decree and the main directions of legal regulation of digitalization in Russia. The author identified the risks that accompany the establishment of a digital economy on the territory of the Russian Federation, including those related to the sphere of investment. The article points out that unregulated character of cryptocurrency in Russia leaves investors without legal protection. At the same time, the legalization of smart contracts without their standardization, on the contrary, may violate the legitimate interests of investors, including in the retail segment of the financial market.