Analysis of the normative development of cryptocurrencies in the main jurisdictions: Europe, US and Japan

【Author】 Garcia-Ramos Lucero, Miguel Angel; Rejas Muslera, Ricardo

【Source】IDP-INTERNET LAW AND POLITICS

【影响因子】0.000

【Abstract】Cryptocurrencies or digital currencies are a new type of digital asset that can be used in many applications such as transferring money and investing. Unlike most companies you can invest in, cryptocurrencies do not have a specific legal entity in charge of consumer protection. The virtual and decentralized nature of this technology makes it impossible to apply traditional legal frameworks. In addition, the absence of a specific legal entity makes the application of any new legal framework unreliable. For these two reasons, the current regulatory status of cryptocurrencies or digital currencies generates doubt and hesitation. This article seeks to describe analytically the different approaches adopted by legislative entities in the main economies (European Union, United States and Japan) to face the challenges posed by cryptocurrencies. The article aims to show the pros and cons of each approach and exhibit recent discussions in the academic-scientific world.

【Keywords】cryptocurrency; financial market; crypto-legislation; regulation; laws

【发表时间】2022 MAR

【收录时间】2022-03-06

【文献类型】期刊

【主题类别】

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