Scenario Approach to the Study of the Directions of Regulation of the Sphere of Cryptocurrencies in the Russian Federation

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Abstract

The paper is devoted to the study of state regulation in the sphere of cryptocurrencies in the Russian Federation (RF). In the course of the study a scenario-cognitive model of the subject area is developed, as well as scenarios of possible options for the implementation of the management of socio-economic systems are obtained. The purpose of modeling is to assess the impact of cryptocurrency on social stability. A number of modifications of the model took into account the proposals of the regulatory authorities of the Russian Federation and the possible directions of legal regulation.

About the authors

Andrey A. Tymoshenko

University of the Prosecutors Office of the Russian Federation

Email: antim1@yandex.ru
ORCID iD: 0000-0003-2562-0022

candidate of legal sciences, associate professor

Russian Federation, Moscow

Vadim R. Feyzov

V.A. Trapeznikov Institute of Management Problems Russian Academy of Sciences

Email: vadimus150@gmail.com
SPIN-code: 9359-1553

junior researcher

Russian Federation, Moscow

Igor V. Chernov

V.A. Trapeznikov Institute of Management Problems Russian Academy of Sciences

Author for correspondence.
Email: ichernov@gmail.com
ORCID iD: 0000-0002-8776-3064
SPIN-code: 1475-7724
Scopus Author ID: 5693813130

leading researcher, candidate of technical sciences

Russian Federation, Moscow

References

  1. Kul’ba VV, Kovalevskii SS. Upravlenie i kontrol’ realizacii social’no-ekonomicheskih celevyh programm. Moscow: Knizhnyj dom Librokom; 2009. 400 p. (In Russ.).
  2. Timoshenko AA. Improvement of cryptocurrency market regulation through the idea of fast law. Russian Journal of Legal Studies. 2022;(1(9)):93–98. (In Russ.), doi: 10.17816/rjls105062
  3. Timoshenko AA. External factors in the transformation of the judicial and law enforcement system and a scenario analysis of judicial reform. Vestnik Voronezh State University. Series: Law. 2019;(1):172–175. (In Russ.).

Supplementary files

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2. Fig. 1. A scenario simulation model for the development of the cryptocurrency sphere in the Russian Federation

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3. Fig. 2. The first scenario, the absence of state regulation

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4. Fig. 3. The second scenario, a complete ban on cryptocurrencies without sanctions

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5. Fig. 4. The third scenario, a complete ban of cryptocurrencies with sanctions

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6. Fig. 5. The fourth scenario is the adoption of cryptocurrencies with ineffective regulation, without taking into account sanctions

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7. Fig. 6. The fifth scenario, the adoption of cryptocurrencies with ineffective regulation, taking into account sanctions

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8. Fig. 7. The sixth scenario, comprehensive and effective regulation of the digital currency sphere, taking into account sanctions

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