Transformation of Forms of Money in the Era of Digitalization

Abstract

Introduction. The purpose of the article is to develop the doctrine about forms of money, to justify the need to develop new approaches to their delimitation in the era of digitalization. Theoretical Basis. Methods. Doctrinal sources provided the theoretical basis for this article devoted to the study of forms of money from the standpoint of law and econo­mics. The system approach required the analysis of scientific papers on the theory of state and law, as well as philosophy. To achieve this goal, various methods of understanding financial and legal reality were used, namely: dialectical-materialistic, logical, comparative, systemic, formal-legal, methods of analysis and synthesis, interpretation of law, which made it possible to analyze the prevailing scientific ideas about the forms of money, recognize money as a historically variable category, propose a new classification of forms of money, built taking into account the significant impact of digitalization on the organization of money circulation in the state. Results. Forms of money are subject to evolutionary development due to significant changes in the nature of production forces and production relations. Digitalization has contributed to the emergence of a new form of money – digital. Discussion and Conclusion. Money is a historically volatile category. Almost any kind of material and intangible property can act as such, subject to their official recognition by society and the state. It is proposed to distinguish between such forms of money as: material and intangible; commodity, cash (coins and banknotes), conditional (records of cash balances – non-cash, electronic) and digital (digital code).