Prospects for the use of artificial intelligence in money circulation

The development of artificial intelligence technology is one of the priority, yet not fully explored, areas of scientific and technological development. In this regard, the article analyzes the issues of implementing and using artificial intelligence technology in monetary circulation. The approaches to defining the concept of "artificial intelligence technology" in legislation and scientific literature are analyzed. Categories of artificial intelligence and the specifics of their potential use are identified and analyzed. The concepts of "monetary circulation" and its structural elements are studied. Approaches to determining the place and role of legal regulation of monetary circulation within the system of financial law are analyzed. The article examines the features and prospects of using artificial intelligence technology in the processes of cash circulation, non-cash circulation, and digital monetary circulation. General scientific methods (dialectical method of scientific cognition, systemic method, methods of analysis, synthesis, generalization, induction, deduction, observation, explanation, interpretation and classification, description of concepts and terms) and special legal methods (in particular, formal legal method) were used in the course of this research. As a result of the study on the promising directions for using artificial intelligence technology in cash circulation, non-cash circulation, and digital monetary circulation, it was found that a risk-oriented approach should be adhered to when implementing and utilizing artificial intelligence technology in monetary circulation processes to ensure a balance between the development of this technology and the prudent management of associated risks. The lack of clear regulatory legal regulation concerning the use of artificial intelligence in monetary circulation processes leads to uncertainty and problems regarding the responsibility for decisions made by artificial intelligence. It is concluded that, in this regard, there is a need to develop new regulatory frameworks that take into account the specifics of artificial intelligence operations and ensure a balance between innovation and the protection of societal and state interests.

money circulation, artificial intelligence, public interests, private interests, financial law, digitalization, money, digital technologies, AI, digital ruble