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Crypto Market Experience

Navigating Regulatory Challenges in Modern Conditions

Bibliographic Data

ID21152689
AuthorsYuliia Volkova (0000-0002-2799-3933), Bohdan Bon (Office of the Attorney General), Anton Borysenko (0000-0002-0911-7665, Dnipro University of Technology), Yuliia Leheza (0000-0002-4896-3178, University of Customs and Finance), Yevhen Leheza (0000-0001-9134-8499, University of Customs and Finance)
Year2024
Volume24
Issue2
Pages178-194
Publication date2024-12-30
Open AccessYes
TypeARTICLE
VenueAl-Risalah: Forum Kajian Hukum dan Sosial Kemasyarakatan (JOURNAL)
Journal identifiersISSN: 1412-436X • E-ISSN: 2540-9522
PublisherUniversitas Islam Negeri (UIN) Sultan Thaha Saifuddin Jambi (PUBLISHER)
DOI10.30631/alrisalah.v24i2.1625
OpenAlexW4408011943
LanguageEN
Citations received1

The legal regulation of digital finance is at an initial stage. It has been proven that many countries are favorable to the full or partial recognition of cryptocurrency as a means of payment, among them: Spain - the official payment system; Germany - monetary unit and form of private money; USA - currency, form of money, Sweden - contractual means of payment; the object of money transfers in certain states, Canada - a means of calculation, etc. It has been established that in Ukraine, the conservative nature of legal regulation of financial relations is considered in the context of implementing digital financial technologies given the task of protecting both public interests and the interests of individuals. Conclusions have been made, first, the issue of legal evaluation of cryptocurrencies is still not finally resolved and their legal nature also remains debatable; second, cryptocurrencies being alternative settlement units pose a threat to the dominance of public currencies, as they enable competition between private financial agents and states; third, according to its essence, electronic money is a kind of electronic promissory note

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Citations per year1
Citation span2026 - 2026 (1)
Highly citedNo

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