On the Need for Legal Regulation of Virtual Currencies

The scientific article proves the necessity of legal regulation of relations connected with the use of virtual currencies (crypto-currency). The article examines the constituent elements of the definition of “virtual currency” (crypto-currency) from the position of the object of civil rights. The Au...

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Main Author: E. V. Voskresenskaya
Format: Article
Language:Russian
Published: Omsk Law Academy 2018-06-01
Series:Сибирское юридическое обозрение
Subjects:
Online Access:https://www.siberianlawreview.ru/jour/article/view/28
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author E. V. Voskresenskaya
author_facet E. V. Voskresenskaya
author_sort E. V. Voskresenskaya
collection DOAJ
description The scientific article proves the necessity of legal regulation of relations connected with the use of virtual currencies (crypto-currency). The article examines the constituent elements of the definition of “virtual currency” (crypto-currency) from the position of the object of civil rights. The Author proposes to carry out the legitimation of virtual currency along the way of the object of civil rights and formulates the conclusion that the virtual currency belongs to other property. To construct a definition of a virtual currency, the following constitutive elements should be used: the assignment of a virtual currency to property, the means of payment by an undefined circle of persons, the main functional feature of a virtual currency is the ability to serve as a means of payment on a certain scale, however, this property is not electronic money. Thus, an author's definition of the considered definition of civil law is offered.
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spelling doaj.art-68a811b5baed450d9b4c022b88aba10a2024-03-15T14:13:30ZrusOmsk Law AcademyСибирское юридическое обозрение2658-76022658-76102018-06-0115214815110.19073/2306-1340-2018-15-2-148-15127On the Need for Legal Regulation of Virtual CurrenciesE. V. Voskresenskaya0Peter the Great St. Petersburg Polytechnic UniversityThe scientific article proves the necessity of legal regulation of relations connected with the use of virtual currencies (crypto-currency). The article examines the constituent elements of the definition of “virtual currency” (crypto-currency) from the position of the object of civil rights. The Author proposes to carry out the legitimation of virtual currency along the way of the object of civil rights and formulates the conclusion that the virtual currency belongs to other property. To construct a definition of a virtual currency, the following constitutive elements should be used: the assignment of a virtual currency to property, the means of payment by an undefined circle of persons, the main functional feature of a virtual currency is the ability to serve as a means of payment on a certain scale, however, this property is not electronic money. Thus, an author's definition of the considered definition of civil law is offered.https://www.siberianlawreview.ru/jour/article/view/28virtual currencycrypto-currencydigital economymeans of paymentpropertyobject of civil rights
spellingShingle E. V. Voskresenskaya
On the Need for Legal Regulation of Virtual Currencies
Сибирское юридическое обозрение
virtual currency
crypto-currency
digital economy
means of payment
property
object of civil rights
title On the Need for Legal Regulation of Virtual Currencies
title_full On the Need for Legal Regulation of Virtual Currencies
title_fullStr On the Need for Legal Regulation of Virtual Currencies
title_full_unstemmed On the Need for Legal Regulation of Virtual Currencies
title_short On the Need for Legal Regulation of Virtual Currencies
title_sort on the need for legal regulation of virtual currencies
topic virtual currency
crypto-currency
digital economy
means of payment
property
object of civil rights
url https://www.siberianlawreview.ru/jour/article/view/28
work_keys_str_mv AT evvoskresenskaya ontheneedforlegalregulationofvirtualcurrencies