Abstract: The subject of this research is the norms of Russian law mediating investment activity that is carried out using digital technologies, development prospects for Russian legislation, as well as theoretical constructs proposed by Russian and foreign experts in development of the category of investing using digital technologies. Special attention in the process of development of legislation is given to the principle of technological neutrality. This author employed general scientific methods of structural-functional analysis and systemic approach, which allowed verifying the acquired results of the scientific research. This work presents a comprehensive analysis of the legal relations emerging as a result of investing using digital technologies. A conclusion is made that digital technologies develop very rapidly, and thus, the legislator must describe the essential features of the mentioned phenomena and legal relations, and prescind from the current level of technology when possible.

Abstract: The subject of the research is the approaches to legal regulation of initial coin offering (ICO) in the European Union (EU) and Russian Federation. In her article Sundetova carries out their legal analysis and focuses on the degree of applicability of securities regulations to ICO, in particular, whether emitters must publish and register issue prospectus. The researcher focuses on regulation of investment activity using digital technologies in the EU and Russian Federation. The methodological basis of the research includes general research methods such as analysis, synthesis, logical and structured functional analysis as well as special research methods such as formal law, legal modelling and comparative law analysis. The novelty of the research is caused by the fact that the author analyzes such specific form of investment activity as ICO in terms of legal regulation of securities market in the EU and Russian Federation. As a result of the research, the author concludes that today's legal regulation of investment activity associated with the use of digital techhnologies has certain gaps and does not fully defend the rights or interests of investors or entrepreneurs who want to attract funds into their projects via Internet platforms.