Russian Federation
UDK 33 Экономика. Народное хозяйство. Экономические науки
The essence of creating a digital currency is that it combines the structure of cash and non-cash money. The features are: the existence of such a currency only in digital format, centralized issue through a state bank, linkage to the value of the national cash currency. The creation of digital currencies represents one of the important steps in the development of the financial sector over the past decade. Digital currencies, often in the form of cryptocurrencies or central bank digital currencies (CBDCs), have the potential to fundamentally change the traditional banking system. This study examines the prospects for the use of digital currencies in global banking practice, as well as the proposal for an effective architecture for carrying out financial transactions with the form of currencies being studied. Digital currency in the world banking system will help expand access to new financial services. This means that financial market entities will be able to easily and safely use their own funds on a digital platform. The development of digital currencies raises important questions for the states of the world; they also apply to interstate associations. This research topic is relevant at the present time. Studying the topic of creating and using digital currency is necessary to further expand integration interaction, simplify cross-border payments and create a modern digital environment.
banks, BRICS, currency, finance, digital currency, central bank digital currency, digitalization
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