DIGITAL FINANCIAL ASSETS AS OBJECTS OF CIVIL RIGHTS IN INTERNATIONAL SETTLEMENTS

Abstract

The article examines the prospects for the use of digital financial assets as objects of civil rights in international settlements between Russian and Azerbaijani coal industry companies under sanctions. A comparative analysis of the regulatory framework of Russia and Azerbaijan is carried out, significant differences in approaches to regulating digital assets are revealed. A five-stage scheme for implementing cross-border settlements using digital financial assets is proposed and a risk matrix for its implementation is presented, highlighting high and medium risks. It is established that despite the potential advantages, the practical use of these assets in Russian Azerbaijani coal trade is constrained by high regulatory and sanctions risks, the need to harmonize legislation and create a specialized infrastructure, which requires new economic and legal approaches to the topic under consideration.

Keywords

Digital financial assets, civil rights, international settlements, coal industry, digitalization, legal regulation, blockchain, smart contracts, cross-border transactions, innovative technologies.

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