FEATURES OF THE LEGAL STATUS OF VIRTUAL ASSETS AS OBJECTS OF CIVIL RIGHTS UNDER THE LEGISLATION OF THE KYRGYZ REPUBLIC

This scientific article presents a comprehensive analysis of the legal status of virtual assets as objects of civil rights within the legal framework of the Kyrgyz Republic. It examines the statutory definition of a virtual asset established by the Law of the Kyrgyz Republic “On Virtual Assets,” and its correlation with the categories of property and intangible goods in the civil law system. The article reveals the features of the legal nature of secured and unsecured virtual assets, as well as their classification either as independent objects of rights or as instruments for certifying property rights. It analyzes the specific legal regime of possession, use, and disposal of virtual assets, including restrictions on their turnover. A comparative legal overview is provided regarding the regulation of virtual assets in the Kyrgyz Republic and the Russian Federation. Certain aspects of law enforcement and state oversight of participants in the virtual asset market within the territory of the Kyrgyz Republic are considered. Based on the conducted research, proposals are substantiated to improve the legislation, aimed at strengthening the legal foundations of the digital economy and developing the circulation of virtual assets within the legal system of the Kyrgyz Republic.

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