To amend the legislation

Implementation of monitoring activities related to electronic money, and with it - creating a regulatory framework that would facilitate the identification of the potential benefits of electronic money and meet the needs of electronic commerce in Ukraine. In the active development of electronic technology, since the mid-nineteenth century, some economists have suggested a gradual disappearance of cash and its replacement by electronic counterparts - payment cards, electronic purses (set on computers and mobile phones). According to them, ostensibly for a future tech, cheaper, more convenient and safer means of payment than cash. However, even in developed countries where electronic payments are a few decades, the potential of cash has not been exhausted. For example, the proportion of cash in the structure of the payment instruments used by people in the calculations in the retail sector, is extremely high: in the U.S. it is about 75% in Europe - 76-86%, in Japan - 90%. In Russia, this figure is much higher and reaches 97%, due to the late emergence of electronic means of payment (mid-90s of last century). Russian citizens now prefer to use cash as the primary means of payment. According to independent experts, in 2011 cash to serve more than two thirds of retail payments in the world. Dominant position in the structure of the cash payment instruments is also associated with the psychological aspect: people accustomed to pay cash and can not imagine existence without them. According to Canadian researchers, if the size of the transaction operations less than 10 USD, 90% of taxpayers prefer to pay cash, and only when the size of the transaction exceeds U.S. $ 50, is sufficient (65%) wishing to use credit cards. According to European researchers, in 2005, with transactions of more than 100 euro share of cash used for payment was 49%, whereas in 2003 - 46%. The share of payment cards has remained unchanged and amounted to 36%. Topic: A PRACTICAL ANALYSIS OF MONETARY ISSUE | Tags: Legislation