MECHANISMS FOR FINANCING DIGITAL TRANSFORMATION AND INDICATORS OF GOVERNMENT AUTOMATION
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Abstract
In a world undergoing rapid digital evolution, digital transformation is no longer a strategic choice but a legal necessity imposed by the demands of e-governance, the digital economy, and individuals’ rights to secure and efficient digital services. However, this transformation faces significant legislative hurdles and a lack of comprehensive legal frameworks, creating a regulatory void that threatens sovereign data security and undermines investor confidence in the digital landscape.
Governments now bear a critical legal responsibility: either they adapt with agile legislation that balances innovation with rights protection, or they face legal disputes, cyber threats, and the risk of falling behind in the global digital race. Delayed legislation offers no shield, and weak digital governance exposes nations to the peril of losing digital sovereignty, where data, digital currencies, and artificial intelligence become instruments of control in the hands of dominant global powers.
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