THE CURRENT STATE AND PROSPECTS FOR THE DEVELOPMENT OF DIGITAL FINANCIAL ASSETS

Abstract

The twenty-first century has brought humanity a large number of experiences. Every year, the development of relations in each area undergoes significant changes. After the end of the great crisis of 2007-2010, the financial services industry began a process of accelerating change. New business models based on convergent technological developments have been developed and implemented, challenging long-established and traditional sectors of the economy. The COVID-19 coronavirus pandemic has further accelerated the development and introduction of new technologies into the business processes of companies, the public sector and the financial relations sector of business entities.

Currently, there is a digital orientation, that is, thoughtful strategic positioning to take advantage of the opportunities provided by digital technologies. Digital technology products have also penetrated the financial sector - digital financial assets (CFA-hereinafter). The most common types of CFAs are cryptocurrencies, tokens, and digital currencies of central banks.

Any change has both positive and negative consequences. In this regard, it is necessary to assess the dynamics of the spread of CFAs, identify the main risks of using CFAs in economic activity and make a forecast for the further development of these tools.