The legal regulatory model of virtual currency circulation: A socio-legal study
The article examines a model of legal circulation of virtual currency. The issue of the legal nature of virtual currencies remains controversial. This generates a problem of choosing the most suitable and effective approach to regulation of virtual currencies circulation. The article analyzes approa...
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| Language: | English |
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2020
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| Online Access: | https://dialnet.unirioja.es/servlet/oaiart?codigo=8352860 |
| Source: | Jurídicas CUC, ISSN 1692-3030, Vol. 16, Nº. 1, 2020 (Ejemplar dedicado a: Jurídicas CUC 2020), pags. 127-144 |
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Jurídicas CUC, ISSN 1692-3030, Vol. 16, Nº. 1, 2020 (Ejemplar dedicado a: Jurídicas CUC 2020), pags. 127-144
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English
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Agentes de comercio
instrumentos financieros moneda virtual regulación legal Brokers consumers financial instruments legal regulation virtual currency |
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Agentes de comercio
instrumentos financieros moneda virtual regulación legal Brokers consumers financial instruments legal regulation virtual currency Artemov, Nikolay Mikhailovich Arzumanova, Lana Lvovna Sitnik, Alexander Alexandrovich Smirnikova, Yulia Leontyevna Zenin, Sergey The legal regulatory model of virtual currency circulation: A socio-legal study |
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The article examines a model of legal circulation of virtual currency. The issue of the legal nature of virtual currencies remains controversial. This generates a problem of choosing the most suitable and effective approach to regulation of virtual currencies circulation. The article analyzes approaches to determining the legal nature of cryptocurrencies and the experience of state regulation in Switzerland, Japan, the USA and China. Methods of legal analysis, synthesis, specific scientific methods, and social research survey have been employed in this article. As a result of the conducted socio-legal study, it has been found that there is no unified strategy of legal regulation of virtual currencies, which affects their perception by recipients. This conclusion is based on the comparative analysis of legal regulation of cryptocurrencies circulation in such countries as Japan, the USA, and Switzerland. By contrast with these countries, China has significantly restricted usage of cryptocurrencies, actually having chosen the way of banning virtual currencies. The inconsistency of legal regulation can be observed not only between different countries, but also within one state, which is proved by the situation in the USA and Switzerland. At the present time, the system of government regulation of cryptocurrencies circulation is the most effective in Japan.
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| format |
Article
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| author |
Artemov, Nikolay Mikhailovich
Arzumanova, Lana Lvovna Sitnik, Alexander Alexandrovich Smirnikova, Yulia Leontyevna Zenin, Sergey |
| author_facet |
Artemov, Nikolay Mikhailovich
Arzumanova, Lana Lvovna Sitnik, Alexander Alexandrovich Smirnikova, Yulia Leontyevna Zenin, Sergey |
| author_sort |
Artemov, Nikolay Mikhailovich
|
| title |
The legal regulatory model of virtual currency circulation: A socio-legal study
|
| title_short |
The legal regulatory model of virtual currency circulation: A socio-legal study
|
| title_full |
The legal regulatory model of virtual currency circulation: A socio-legal study
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| title_fullStr |
The legal regulatory model of virtual currency circulation: A socio-legal study
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| title_full_unstemmed |
The legal regulatory model of virtual currency circulation: A socio-legal study
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| title_sort |
legal regulatory model of virtual currency circulation: a socio-legal study
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| publishDate |
2020
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| url |
https://dialnet.unirioja.es/servlet/oaiart?codigo=8352860
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1728035280519168000
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dialnet-ar-18-ART00015189432022-03-19The legal regulatory model of virtual currency circulation: A socio-legal studyArtemov, Nikolay MikhailovichArzumanova, Lana LvovnaSitnik, Alexander AlexandrovichSmirnikova, Yulia LeontyevnaZenin, SergeyAgentes de comercioinstrumentos financierosmoneda virtualregulación legalBrokersconsumersfinancial instrumentslegal regulationvirtual currencyThe article examines a model of legal circulation of virtual currency. The issue of the legal nature of virtual currencies remains controversial. This generates a problem of choosing the most suitable and effective approach to regulation of virtual currencies circulation. The article analyzes approaches to determining the legal nature of cryptocurrencies and the experience of state regulation in Switzerland, Japan, the USA and China. Methods of legal analysis, synthesis, specific scientific methods, and social research survey have been employed in this article. As a result of the conducted socio-legal study, it has been found that there is no unified strategy of legal regulation of virtual currencies, which affects their perception by recipients. This conclusion is based on the comparative analysis of legal regulation of cryptocurrencies circulation in such countries as Japan, the USA, and Switzerland. By contrast with these countries, China has significantly restricted usage of cryptocurrencies, actually having chosen the way of banning virtual currencies. The inconsistency of legal regulation can be observed not only between different countries, but also within one state, which is proved by the situation in the USA and Switzerland. At the present time, the system of government regulation of cryptocurrencies circulation is the most effective in Japan.El artículo considera el modelo de circulación legal de monedas virtuales. El problema de la naturaleza legal de las monedas virtuales sigue siendo discutible. Todo esto causa el problema de elegir el enfoque más óptimo y efectivo para regular la circulación de monedas virtuales. El artículo analiza diferentes enfoques para determinar la naturaleza legal de las criptomonedas y la experiencia de la regulación estatal en Suiza, Japón, Estados Unidos y China. En el artículo se utilizan los métodos de análisis legal, síntesis, especiales y científicos y el método de investigación sociológica. Como resultado de la investigación sociológica y legal, se hizo evidente la ausencia de una estrategia unida para la regulación legal de las monedas virtuales, lo que afecta su percepción por los encuestados. La conclusión se basa en un análisis comparativo de la regulación legal de la circulación de criptomonedas en estados como Japón, Estados Unidos y Suiza. A diferencia de estos países, China ha limitado significativamente el uso de criptomonedas, de hecho, eligió prohibir las monedas virtuales. La fragmentación de la regulación legal existe no solo a nivel de varios estados, sino dentro de un estado. Esto se confirma por la experiencia de los Estados Unidos y Suiza. Actualmente, el sistema de regulación nacional de la circulación de criptomonedas es más efectivo en Japón.2020text (article)application/pdfhttps://dialnet.unirioja.es/servlet/oaiart?codigo=8352860(Revista) ISSN 1692-3030Jurídicas CUC, ISSN 1692-3030, Vol. 16, Nº. 1, 2020 (Ejemplar dedicado a: Jurídicas CUC 2020), pags. 127-144engLICENCIA DE USO: Los documentos a texto completo incluidos en Dialnet son de acceso libre y propiedad de sus autores y/o editores. Por tanto, cualquier acto de reproducción, distribución, comunicación pública y/o transformación total o parcial requiere el consentimiento expreso y escrito de aquéllos. Cualquier enlace al texto completo de estos documentos deberá hacerse a través de la URL oficial de éstos en Dialnet. Más información: https://dialnet.unirioja.es/info/derechosOAI | INTELLECTUAL PROPERTY RIGHTS STATEMENT: Full text documents hosted by Dialnet are protected by copyright and/or related rights. This digital object is accessible without charge, but its use is subject to the licensing conditions set by its authors or editors. Unless expressly stated otherwise in the licensing conditions, you are free to linking, browsing, printing and making a copy for your own personal purposes. All other acts of reproduction and communication to the public are subject to the licensing conditions expressed by editors and authors and require consent from them. Any link to this document should be made using its official URL in Dialnet. More info: https://dialnet.unirioja.es/info/derechosOAI
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