Electronic money: definition and functions

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Abstract


The article reflects the origin of the term «electronic money», as well as the main properties of electronic money; author's definition of electronic money is stated in the article. The author concludes that electronic money from economic and legal point of view could not be qualified as money in its common sense but they comply with certain functions of money.

About the authors

K L Ranchinskiy

Peoples' Friendship University of Russia

Email: rantchinskiy@gmail.com
Кафедра административного и финансового права; Российский университет дружбы народов; Peoples' Friendship University of Russia

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