The Legal Status of Cryptocurrencies as an Element of the Digital Ecosystem
https://doi.org/10.26794/1999-849X-2023-16-5-150-159
Abstract
The subject of the study is regulatory legal acts regulating the use of cryptocurrencies. The object of the study is a set of legal and regulatory rules that determine the mode of using cryptocurrencies in Russia and foreign countries.
The purpose of the work is based on a comprehensive analysis of the scientific works of leading scientists and practitioners, Russian and foreign judicial practice, legal experience of other states to consider the theoretical and legal foundations of the nature of cryptocurrency and mining, to analyze their legal status in modern Russian civil and information law, to put forward proposals to solve existing problems in the field of regulation of cryptocurrency and mining, and making international transactions using crypto assets. As a result of the study, conclusions were drawn that the definition of digital currency given in the Federal Law “On Digital Financial Assets, Digital Currency and on Amendments to Certain Legislative Acts of the Russian Federation” requires adjustments, and the definition of a separate concept of cryptocurrency due to the fact that from the position of Article 128 of the Civil Code of the Russian Federation, it must be recognized as other property, and its consolidation in the system of civil rights is carried out by other legislative and other regulatory legal acts. In this approach to the interpretation of the concept of cryptocurrency, the agreement on the transfer of cryptocurrency in exchange for receiving other property has the legal nature of a barter agreement.
About the Authors
M. V. Demchenko
Financial University
Russian Federation
Russian Federation
Maxim V. Demchenko - Cand. Sci. (Law.), Assoc. Prof., Deputy Dean of the Faculty of Law for Research, Assoc. Prof. of the Department of Legal Regulation of Economic Activity of the Faculty of Law
Moscow
V. A. Tormozova
Financial University
Russian Federation
Russian Federation
Valeria A. Tormozova - Intern of the Intellectual Property Rights Court
Moscow
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Review
For citations:
Demchenko M.V., Tormozova V.A. The Legal Status of Cryptocurrencies as an Element of the Digital Ecosystem. Economics, taxes & law. 2023;16(5):150-159. (In Russ.) https://doi.org/10.26794/1999-849X-2023-16-5-150-159
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