Transformation of the Financial Law Method in Conditions of Digitalization of Economy

Abstract

The paper examines the influence of digitalization on the method of financial law. The recent widespread introduction of new digital technologies leads to a change in the internal essence of the processes of influencing public relations, to the expansion and transformation of ways of influencing the behavior of participants of such relationships. By supplementing traditional ways of legal regulation by technical means of ensuring their implementation, the State increases the effectiveness of the mechanism of legal regulation. Digital technologies provide law with the possibility of regulating public relations in fundamentally new ways, expanding the variability of the tools of the method of financial law. This also causes increased discretion (dispositivity) in the process of regulating financial relations. Digital technologies also contribute to the regulation of cross-border relations, in particular information exchange between different jurisdictions. The author believes that the trends discussed in the paper will only increase, leading to a change in the content of the method of financial law.