Show simple item record

dc.creatorArtemov, Nikolay
dc.creatorArzumanova, Lana
dc.creatorSitnik, Alexander
dc.creatorSmirnikova, Yulia
dc.creatorZenin, Sergey
dc.identifier.citationArtemov, N., Arzumanova, L., Sitnik, A., Smirnikova, Y., & Zenin, S. (2020). El modelo de regulación legal de la circulación de monedas virtuales: La investigación sociológica y legal. JURÍDICAS CUC, 16(1), 127–144.
dc.description.abstractThe 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 vir-tual currencies. The inconsistency of legal regulation can be observed not only between different countries, but also within one state, which is proved by the situa-tion in the USA and Switzerland. At the present time, the system of government regulation of cryptocurrencies circulation is the most effective in
dc.description.abstractEl 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 le-gal 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 Japó
dc.publisherCorporación Universidad de la Costaspa
dc.rightsCC0 1.0 Universal*
dc.sourceJURÍDICAS CUCspa
dc.subjectFinancial instrumentsspa
dc.subjectLegal regulationspa
dc.subjectVirtual currencyspa
dc.subjectAgentes de comerciospa
dc.subjectInstrumentos financierosspa
dc.subjectMoneda virtualspa
dc.subjectRegulación legalspa
dc.titleThe legal regulatory model of virtual currency circulation: A socio-legal studyspa
dc.title.alternativeEl modelo de regulación legal de la circulación de monedas virtuales: La investigación sociológica y legalspa
dcterms.referencesAbramowicz, M. B. (2015). Cryptocurrency-Based Law. [GWU Law School Public Law Research Paper 2015-9]. Washington, DC: GWU.
dcterms.referencesDwyer, G. P. (2015). The economics of Bitcoin and similar private digital currencies. Journal of Financial Stability, 17, 81– 91.
dcterms.referencesElBahrawy, A., Alessandretti, L., Kandler, A., Pastor-Satorras, R. and Baronchelli, A. (2017). Evolutionary dynamics of the cryptocurrency market. Royal Society Open Science, 4(11), 170623.
dcterms.referencesEyal, I. (2017). Blockchain Technology: Transforming Libertarian Cryptocurrency Dreams to Finance and Banking Realities. Computer, 50(9), 38–49. MC.2017.3571042spa
dcterms.referencesGuadamuz, A. and Marsden, C. T. (2015). Blockchains and Bitcoin: Regulatory Responses to Cryptocurrencies. First Monday, 20(12).
dcterms.referencesHayes, A. S. (2017). Cryptocurrency value formation: An empirical study leading to a cost of production model for valuing bitcoin. Telematics and Informatics, 34(7), 1308–1321. http://
dcterms.referencesHerrera-Joancomartí, J. (2015). Research and Challenges on Bitcoin Anonymity. In: J. Garcia-Alfaro, J. Herrera-Joancomartí, E. Lupu, J. Posegga, A. Aldini, F. Martinelli and N. Suri (eds), Data Privacy Management, Autonomous Spontaneous Security, and Security Assurance. DPM 2014, QASA 2014, SETOP 2014, Wroclaw, Poland. 319-17016-9_1spa
dcterms.referencesKirillova, E. A., Pavlyuk, A. V., Zulfugarzade, T. and Mikhailova I. A. (2018). Bitcoin, lifecoin, namecoin: the legal nature of virtual currency. Journal of Advanced Research in Law and Economics, 9(1), 119–126.
dcterms.referencesLiu, Q. and Li, K. (2018). Decentration Transaction Method Based on Blockchain Technology. Intelligent Transportation Big Data & Smart City, 2018 ICITBS, Xiamen, China. https://
dcterms.referencesMonetary Authority of Singapore (MAS). (June 24, 2009). Payment Services Act no. 54 [PS Act 54]. Retrieved from: https://
dcterms.referencesPeck, M. E. (2017). Blockchains: How they work and why they’ll change the world. IEEE Spectrum, 54(10), 26–35. https://doi. org/10.1109/MSPEC.2017.8048836spa
dcterms.referencesTreleaven, R., Brown, G. and Yang, D. (2017). Blockchain Technology in Finance. Computer, 50(9), 14–17. MC.2017.3571047spa
dcterms.referencesUjiie, J. (ed.). (2002). Japanese Financial Markets. Cambridge: Wood- head
dcterms.referencesWright, A. and De Filippi, P. (2015). Decentralized Blockchain Technology and the Rise of Lex Cryptographia. SSRN. http://
dcterms.referencesSchweizerischen Eidgenossenschaft. (22. Dezember 1999). Bundes- verfassung der Schweizerischen Eidgenossenschaft. [WZG].spa
dcterms.referencesYli-Huumo, J., Ko, D., Choi, S., Park, S. and Smolander, K. (2016). Where Is Current Research on Blockchain Technology? A Systematic Review. PLoS ONE, 11(10), e0163477. https://doi. org/10.1371/journal.pone.0163477spa
dcterms.referencesZheng, Z., Xie, S., Dai, H.-N., Chen, X. and Wang, H. (2018). Block- chain challenges and opportunities: a survey. International Journal of Web and Grid Services (IJWGS), 14(4), 352–375.

Files in this item


This item appears in the following Collection(s)

  • Revistas Científicas
    Artículos de investigación publicados en revistas pertenecientes a la Editorial EDUCOSTA.

Show simple item record

CC0 1.0 Universal
Except where otherwise noted, this item's license is described as CC0 1.0 Universal