Цифрова гривня – становлення
Year: 2022
Type: article
Abstract: Hrytsai S. O. The digital hryvnia – formation. – Article.The article investigates the recent trend in changes in the regulatory framework of Ukraine, aimed at the formation of digital money of the Central Bank of Ukraine. Central banks are the basis of all changes transforming the monetary and financial system. They pave the way for innovation, reinforcing public confidence in money. The role of central banks is to lay the foundations for a sound currency by maintaining the unit of account, guaranteeing payments, providing liquidity, and conducting oversight – elements that can be described as "the public goods of a central bank." Looking ahead, there are many types of payment solutions, including centralbank digital currencies (CBDC), as long as central banks can continue to provide these goods. The purposeof the article is to conduct a study of the regulations of Ukraine, digital money – as a digital currency of thecentral bank, for sufficiency to start their operation. According to the results of the study we can argue thatfor the establishment in Ukraine CBDC – digital hryvnia need to eliminate existing legal defects. And suchpriority, in the opinion of the author, at the time of writing the following two elements of this future innovative financial ecosystem, as the formation of a legal framework for the introduction of special accounts andensuring the security of digital money by the National Bank of Ukraine are considered. What can be donethrough the introduction of amendments to Article 34 "Issue" of the Law of Ukraine "On the National Bankof Ukraine", where, among other things, to specify that: banknotes, coins and digital money of the NationalBank are unconditional obligations of the National Bank and are secured by all its assets. Changes in theCivil Code of Ukraine may look like option by introducing in connection with the adoption of Law 1591 newparagraph 7 "Digital Money Accounts" and new articles to it, in particular the new article 1076-11 "DigitalMoney Account Agreement" and article 1076-12 "Digital Money Account Transactions", which should describe the mechanism of working with digital money.
Source: Актуальні проблеми політики
Author: С. О. Грицай
Language: Ukrainian
Subfield: Law
Field: Social Sciences
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4285608971