Legal status of crypto currencies
Journal Title: БАЛТИЙСКИЙ ЮРИДИЧЕСКИЙ ЖУРНАЛ - Year 2018, Vol 50, Issue 3
Abstract
The cryptocurrency is a cryptographically protected decentralized digital currency used as means of exchange. Due to development of new technologies and innovations, the rate of using of cryptocurrency is rapidly increasing throughout the globe, replacing not only cash payment and payments by bank transfer, but also electronic payments. The law scholars have not yet reached a consensus regarding the nature and legal status of the virtual currency. The cryptocurrency possesses both the nature of obligations rights and property rights, since it may be both a commodity and means of payment. In some countries the approach to definition of cryptocurrencies is different.
Authors and Affiliations
Irina Cvetkova
Keywords
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