Legal nature of the cryptocurrency

Authors

  • Serhiy CHAPLIAN

Keywords:

cryptocurrency, bitcoin, blockchain, object of civil rights

Abstract

Background. Cryptocurrency is a newly object, which caused a discussion about its’ legal qualification and location in the system of civil rights objects. Today, there is no single approach among scientists to solve this problem.
The analysis of recent researches and publications. The unresolved issue of this issue has led to a lot of research, but at the present time there is no reason to speak about the availability of a consistent approach to this issue.
The aim of the article is to study the legal nature of cryptocurrency as objects of civil rights.
Materials and methods. The methodological basis of the research was, first of all, analysis and synthesis, induction and deduction, in combination with special legal research methods (formal-legal, comparative-legal, method of interpretation of law, etc.).
ResultsProceeding from the features of cryptocurrency as a very specific object of civil rights, it can be stated that the qualification of cryptocurrency as intangible assets is quite reasonable.
ConclusionThe article raises issues of the legal nature of cryptocurrency and its’ place in the system of civil rights objects. To date, this issue remains controversial in view of the lack of a single approach among the researchers as to which groups of civil rights cryptocurrency are belonging. The mentioned problem remains one of the most important topics of scientific publications, both in Ukraine and abroad, among which we distinguish works V. Školnij, U. Melikov, G. Cirpha.

Author Biography

Serhiy CHAPLIAN

Postgraduate Student of the Research Institute of Private Law and Entrepreneurship
named after Acad. F. H. Burchak of the National Academy of Legal Sciences of Ukraine 

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Published

2018-09-05

How to Cite

[1]
CHAPLIAN С. 2018. Legal nature of the cryptocurrency. Foreign trade: economics, finance, law. 99, 4 (Sep. 2018), 74–88.

Issue

Section

THEORY AND HISTORY OF STATE AND LAW