COMPARATIVE REVIEW OF REGULATORY FRAMEWORK OF VIRTUAL CURRENCY (CRYPTOCURRENCY) IN SELECTED COUNTRIES
Marcin Kasprzyk
Ph.D candidate, I Department of Civil Law, Faculty of Law, Canon Law, and Administration at the John Paul II Catholic University of Lublin , Polandhttps://orcid.org/0000-0001-7314-2948
Abstract
In the era of rapid technological progress, the legislators of individual countries face the challenge of submitting new technological phenomena to the legal framework. The business operation in the field of virtual currencies (cryptocurrencies),
widely, in the financial technology sector (hereinafter referred to in as “fintech”), create a chance to attract investors and develop the economy. On the other hand, the same might be misused for illegal purposes, such as, in particular,
money laundering or financing of terrorism. This study provides for an overview of the legal regulations of selected states in the field of virtual currencies (cryptocurrencies). Although, presented laws and regulations herein are in favour of the
cryptocurrencies, the scope of implemented acts varies significantly.
Keywords:
virtual currency, cryptocurrency, distributed ledger technology, regulatory frameworkReferences
Sobiecki, Grzegorz. 2015. Regulowanie kryptowalut w Polsce i na świecie na przykładzie Bitcoina – status prawny i interpretacja ekonomiczna, Problemy Zarządzania (Wydział Zarządzania Uniwersytetu Warszawskiego), vol. 13, nr 3(54), t. 1: 146.
Szostek, Dariusz. 2018. Blockchain a prawo, 129. Warsaw: C.H. Beck. Szymankiewicz, Marcin. 2014. Bitcoin wirtualna waluta Internetu, 102. Gliwice: Onepress.
Zacharzewski, Konrad. 2014. „Bitcoin jako przedmiot stosunków prawa prywatnego”, MoP 21: 1136.
Zacharzewski, Konrad. 2015. „Praktyczne znaczenie bitcoina na wybranych obszarach prawa prywatnego”, MoP 4: 187-195.
Ph.D candidate, I Department of Civil Law, Faculty of Law, Canon Law, and Administration at the John Paul II Catholic University of Lublin https://orcid.org/0000-0001-7314-2948