Regulatory Challenges and Consumer Protection in the Context of the Growth of Electronic Money in Ukraine: A Literature Review

Abstract

The introduction of digital signatures covers many business areas, including supply chain management, creating benefits and regulatory challenges. The article analyses the digital contract and its implications in the light of existing research, interviews with practitioners, and surveys of organisations that use such agreements. Among the issues highlighted are the obstacles arising from competing jurisdictions, the absence of adequate laws, and the restrictions placed on the green aspects of digital contracts that instil fear in corporations and prevent their use in supply chains. Regular policy review addresses the existing policies that seek to improve the regulations and management of economic activities. Still, in a more specific way, those policies that the authors consider ought to be integrated into the concerned economic regulation. The rationale behind this is that restricting such ways of doing business can lead to further positive results from electronic contracting systems, particularly concerning their implications for supply chain management. They also saw the need to promote regulatory convergence so that the narratives on the effects of digitisation on supply chain development could be more robust, leading to greater productivity levels and innovation.