Electronic money and its legal nature under the legislation of the Republic of Tajikistan

Abstract

The article is devoted to the study of the legal nature of electronic money and its legal regulation in the Re-public of Tajikistan, as well as the peculiarities of legal relations that develop between providers of electronic payment services and their clients that arise in the process of issuing electronic money within the national payment system. The Civil Code of the Republic of Tajikistan does not define the legal nature of electronic funds, which causes a lot of controversy and discussion in jurisprudence. The authors of this study made an attempt to study the legal nature of electronic money, and also offered their knowledge regarding the essence of this money. Within the framework of this study, general scientific and special legal methods (formal legal and comparative legal) research was used. The authors analyzed the concept of “electronic money”, presented in the Law of the Republic of Tajikistan “On Payment Services and Payment System”, which allows us to draw a conclusion about the legal nature of this phenomenon. Based on the analysis of the concept of elec-tronic money through the prism of identifying differences from other types of money, in the article the au-thors propose to consider electronic money not as a category of money, but as a tool for conducting non-cash payment transactions in money.