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  3. Volume 12, Number 4 (48), 2025
  4. Formation and Evolution of Financial-Legal Institutions in the Context of Digitalization

Formation and Evolution of Financial-Legal Institutions in the Context of Digitalization

Law.
2025;
Volume 12, Number 48
: 8-15
https://doi.org/10.23939/law2025.48.008

Цитування за ДСТУ: Бліхар М. (2025) Становлення та еволюція фінансово-правових інститутів в умовах цифровізації (англійською)  Вісник Національного університету «Львівська політехніка». Серія: "Юридичні науки". Том. 12, № 4 (48), С. 8-15. DOI: https://doi.org/10.23939/law2025.48.008

Citation APA:  Blikhar M. (2025) Formation and Evolution of Financial-Legal Institutions in the Context of Digitalization. Bulletin of Lviv Polytechnic National University. Series: Legal Sciences. Vol. 12, No 4 (48), pp. 8-15. DOI: https://doi.org/10.23939/law2025.48.008

Authors:
  1. Мaria Blikhar
1
Lviv Polytechnic National University, Educatinoal and Rasearch Institute of Law, Psychology and Innovative Education

The purpose of the article is to examine the features of the formation and evolution of financial-legal institutions in the context of digitalization, as well as to analyze trends and prospects for their development under the influence of contemporary challenges. The article explores the process of formation and evolution of financial-legal institutions within the framework of the digital transformation of society and the economy. Special attention is paid to the specifics of implementing digital technologies in the field of financial law, particularly the development of new legal norms, the modernization of regulatory mechanisms, and changes in approaches to ensuring financial security. The key challenges facing the legal system and financial structures in connection with the introduction of digital technologies, electronic payments, cryptocurrencies, and blockchain technologies are analyzed. The role of digitalization in improving financial control, tax administration, and the regulation of financial services markets in Ukraine is revealed. Based on the conducted analysis, the main strategic prospects for the development of financial-legal institutions in the context of global digital challenges are identified, including the harmonization of national and international legislation, increasing legal certainty in the field of digital finance, ensuring cybersecurity, integrating innovative technologies into the banking and tax sectors, and forming an adaptive system of legal norms capable of responding quickly to changes in the financial market. Particular attention is paid to the need to adapt legal norms to new technological conditions and to establish an effective system for controlling digital financial operations, develop regulatory acts concerning crypto-assets and decentralized financial platforms, and enhance the digital and legal competencies of professionals in the financial sector. The article proposes key directions for modernizing financial-legal institutions to ensure the sustainable development of Ukraine’s economy in the context of digital transformation.

financial law
financial-legal relations
financial-legal institutions
digitalization
financial technologies
blockchain
legal regulation
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