Annotation

In the era of digitalization and the widespread adoption of digital instruments, such as digital assets and payment instruments, monitoring compliance with national legislation by relevant executive authorities is particularly important. Competent and consistent application of procedural principles of control and supervision by relevant governmental bodies is essential for achieving a balance in relations between governmental bodies and society, as well as business members, while reducing excessive pressure on business participants. The targeted focus of control and supervision activities by the authorities is demonstrated by the effectiveness of consistently implemented actions by executive bodies and their officials, regulated by administrative procedures and aimed at preventing, detecting, and suppressing violations of legal requirements.