Legal regulation of the use of distributed ledger technologies in the education and economic system of Singapore
Singapore is one of the leading countries in the digitalization of education and the use of blockchain technology. Since 2016, Singapore has been implementing the Ubin project to create a national digital currency. The paper aims to analyse legal regulation of the use of distributed ledger technolo...
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| Format: | Article |
| Language: | English |
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Universidade Estadual Paulista
2022-09-01
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| Series: | Política e Gestão Educacional |
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| Online Access: | https://periodicos.fclar.unesp.br/rpge/article/view/17410 |
| _version_ | 1797360314429210624 |
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| author | Aleksandr P. Alekseenko |
| author_facet | Aleksandr P. Alekseenko |
| author_sort | Aleksandr P. Alekseenko |
| collection | DOAJ |
| description |
Singapore is one of the leading countries in the digitalization of education and the use of blockchain technology. Since 2016, Singapore has been implementing the Ubin project to create a national digital currency. The paper aims to analyse legal regulation of the use of distributed ledger technologies in the education system of Singapore. Based on the analysis, it is concluded that Singapore extends the provisions of securities legislation to digital tokens, which have the characteristics of securities or futures. Singapore has developed a set of rules enshrining requirements for cryptocurrency exchanges, which reduces the risks of fraud and money laundering using cryptocurrencies. The paper also analyses MAS reports on the development of a state's digitalization of education. The paper concludes that Singapore's experience can be used by other states to shape or modernize their education system.
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| first_indexed | 2024-03-08T15:36:33Z |
| format | Article |
| id | doaj.art-6e01209ef81d47069d105e6c66fa0fdb |
| institution | Directory Open Access Journal |
| issn | 1519-9029 |
| language | English |
| last_indexed | 2024-03-08T15:36:33Z |
| publishDate | 2022-09-01 |
| publisher | Universidade Estadual Paulista |
| record_format | Article |
| series | Política e Gestão Educacional |
| spelling | doaj.art-6e01209ef81d47069d105e6c66fa0fdb2024-01-09T18:22:06ZengUniversidade Estadual PaulistaPolítica e Gestão Educacional1519-90292022-09-01260010.22633/rpge.v26i00.17410Legal regulation of the use of distributed ledger technologies in the education and economic system of SingaporeAleksandr P. Alekseenko0Vladivostok State University of Economics and Service Singapore is one of the leading countries in the digitalization of education and the use of blockchain technology. Since 2016, Singapore has been implementing the Ubin project to create a national digital currency. The paper aims to analyse legal regulation of the use of distributed ledger technologies in the education system of Singapore. Based on the analysis, it is concluded that Singapore extends the provisions of securities legislation to digital tokens, which have the characteristics of securities or futures. Singapore has developed a set of rules enshrining requirements for cryptocurrency exchanges, which reduces the risks of fraud and money laundering using cryptocurrencies. The paper also analyses MAS reports on the development of a state's digitalization of education. The paper concludes that Singapore's experience can be used by other states to shape or modernize their education system. https://periodicos.fclar.unesp.br/rpge/article/view/17410EducationEducation systemDigitalizationDigital tokens |
| spellingShingle | Aleksandr P. Alekseenko Legal regulation of the use of distributed ledger technologies in the education and economic system of Singapore Política e Gestão Educacional Education Education system Digitalization Digital tokens |
| title | Legal regulation of the use of distributed ledger technologies in the education and economic system of Singapore |
| title_full | Legal regulation of the use of distributed ledger technologies in the education and economic system of Singapore |
| title_fullStr | Legal regulation of the use of distributed ledger technologies in the education and economic system of Singapore |
| title_full_unstemmed | Legal regulation of the use of distributed ledger technologies in the education and economic system of Singapore |
| title_short | Legal regulation of the use of distributed ledger technologies in the education and economic system of Singapore |
| title_sort | legal regulation of the use of distributed ledger technologies in the education and economic system of singapore |
| topic | Education Education system Digitalization Digital tokens |
| url | https://periodicos.fclar.unesp.br/rpge/article/view/17410 |
| work_keys_str_mv | AT aleksandrpalekseenko legalregulationoftheuseofdistributedledgertechnologiesintheeducationandeconomicsystemofsingapore |