Financial Transfer In Cyber Currency And The Private International Law
Abstract
The object of this study is the analysis of the legal nature of the so-called cryptocurrencies or virtual currencies and the positions defended by different authors based on the current regulatory status and the decisions issued by international authorities, with special emphasis on the conception of cryptocurrencies as “means of payment” and “property susceptible of ownership.” In addition, an examination is also carried out on the sufficiency of the existing legal mechanisms in matters of private international law to deal with the consequences derived from said qualifications and on the possibility or need to carry out legislative modifications to achieve a satisfactory regulation of cyber currencies.
References
B.J. Turpin, “Bitcoin: The economic case for a global, virtual currency operating in an unexplored legal framework.” Ind. J. Global Legal Stud. 21, 335, 2014.
P. P., Matthew, “A comparative analysis of bitcoin and other decentralised virtual currencies: legal regulation in the People’s Republic of China, Canada, and the United States.” HKJ Legal Stud. 9, 29, 2015.
E. Ruslina. “Legality Transactions Using Virtual Currency or Bitcoin, Payment Tools in Indonesian Law.” Journal of Seybold Report ISSN NO 1533: 9211, 2014.
Ö. Ülger. “The Role Of Money Laundering And Tax Fraud Bitcoin As a Virtual Currency”. POLITICO-ECONOMIC EVALUATION OF CURRENT ISSUES, 36, 2018.
C. Richter, S. Kraus, R.B. Bouncken. “Virtual currencies like Bitcoin as a paradigm shift in the field of transactions”. International Business & Economics Research Journal (IBER), 14(4), 575-586, 2015.
M. Franklin. “A PROFILE OF BITCOIN CURRENCY: AN EXPLORATORY STUDY.” International Journal of Business & Economics Perspectives 11.1, 2016.
J.H. Forrester. “Coins in the Air: A Literature Review on the Evolving Framework of Bitcoin and its Relevance to the Accounting Profession.” (2015).
Y. Çeribaş. “Beware, Conspiracy Ahead: Approaching Virtual Currencies as Potential Sources of Conspiracy Theories.” ICPESS (International Congress on Politic, Economic and Social Studies). 4, 2018.
K.B. Murugeswari, B. Balamurugan, G. Ganesan. “Blockchain and Bitcoin Security.” Cryptocurrencies and Blockchain Technology Applications, 149-156, 2020.
R. Saberi, and A. Khalili Paji. “Criminal Functions of Virtual Currencies: Criminological Analysis and Preventive Approaches.” Journal Encyclopedia of Economic Law, 27(18), 223-250, 2021.
P. Balgobin, A. Seeam. “Developing an effective regulatory framework for virtual currencies in mauritius.” Proceedings of the 2nd International Conference on Intelligent and Innovative Computing Applications. 2020.
P. Godsiff. “Bitcoin: bubble or blockchain.” Agent and multi-agent systems: Technologies and applications. Springer, Cham, 191-203, 2015.
R.B. Levin, A. A. O’Brien, M. M. Zuberi. “Real regulation of virtual currencies.” Handbook of digital currency. Academic Press, 327-360, 2015.
E. Nikbakht, M. Shahrokhi, A. Corriette. “Blockchain & distributed financial data.” Managerial Finance, 2019.
S. Kethineni, Y. Cao. “The rise in popularity of cryptocurrency and associated criminal activity.” International Criminal Justice Review 30(3), 325-344, 2020.
N. Shetewy, J. Aitlaadam, L. J. Jiang. “Challenges of the Bitcoin in the Arabic Countries”, 2019.
A.K. Yadava. “Prevalence of Crypto-currencies: A Critical Review of Their Functioning and Impact on Indian Economy.” International Journal of Research in Economics and Social Sciences (IJRESS), 8(1), 2018.
M. Dumchikov, et al. “Issues of regulating cryptocurrency and control over its turnover: international experience.” Amazonia Investiga 9(31), 10-20, 2020.
G. Giudici, A. Milne, D. Vinogradov. “Cryptocurrencies: market analysis and perspectives”. J. Ind. Bus. Econ. 47, 1–18, 2020.
M. Tsukerman. “The block is hot: A survey of the state of Bitcoin regulation and suggestions for the future”, Berkeley Technology Law Journal, 30(4), 1127-1170, 2015.
P. P., Matthew, “A comparative analysis of bitcoin and other decentralised virtual currencies: legal regulation in the People’s Republic of China, Canada, and the United States.” HKJ Legal Stud. 9, 29, 2015.
E. Ruslina. “Legality Transactions Using Virtual Currency or Bitcoin, Payment Tools in Indonesian Law.” Journal of Seybold Report ISSN NO 1533: 9211, 2014.
Ö. Ülger. “The Role Of Money Laundering And Tax Fraud Bitcoin As a Virtual Currency”. POLITICO-ECONOMIC EVALUATION OF CURRENT ISSUES, 36, 2018.
C. Richter, S. Kraus, R.B. Bouncken. “Virtual currencies like Bitcoin as a paradigm shift in the field of transactions”. International Business & Economics Research Journal (IBER), 14(4), 575-586, 2015.
M. Franklin. “A PROFILE OF BITCOIN CURRENCY: AN EXPLORATORY STUDY.” International Journal of Business & Economics Perspectives 11.1, 2016.
J.H. Forrester. “Coins in the Air: A Literature Review on the Evolving Framework of Bitcoin and its Relevance to the Accounting Profession.” (2015).
Y. Çeribaş. “Beware, Conspiracy Ahead: Approaching Virtual Currencies as Potential Sources of Conspiracy Theories.” ICPESS (International Congress on Politic, Economic and Social Studies). 4, 2018.
K.B. Murugeswari, B. Balamurugan, G. Ganesan. “Blockchain and Bitcoin Security.” Cryptocurrencies and Blockchain Technology Applications, 149-156, 2020.
R. Saberi, and A. Khalili Paji. “Criminal Functions of Virtual Currencies: Criminological Analysis and Preventive Approaches.” Journal Encyclopedia of Economic Law, 27(18), 223-250, 2021.
P. Balgobin, A. Seeam. “Developing an effective regulatory framework for virtual currencies in mauritius.” Proceedings of the 2nd International Conference on Intelligent and Innovative Computing Applications. 2020.
P. Godsiff. “Bitcoin: bubble or blockchain.” Agent and multi-agent systems: Technologies and applications. Springer, Cham, 191-203, 2015.
R.B. Levin, A. A. O’Brien, M. M. Zuberi. “Real regulation of virtual currencies.” Handbook of digital currency. Academic Press, 327-360, 2015.
E. Nikbakht, M. Shahrokhi, A. Corriette. “Blockchain & distributed financial data.” Managerial Finance, 2019.
S. Kethineni, Y. Cao. “The rise in popularity of cryptocurrency and associated criminal activity.” International Criminal Justice Review 30(3), 325-344, 2020.
N. Shetewy, J. Aitlaadam, L. J. Jiang. “Challenges of the Bitcoin in the Arabic Countries”, 2019.
A.K. Yadava. “Prevalence of Crypto-currencies: A Critical Review of Their Functioning and Impact on Indian Economy.” International Journal of Research in Economics and Social Sciences (IJRESS), 8(1), 2018.
M. Dumchikov, et al. “Issues of regulating cryptocurrency and control over its turnover: international experience.” Amazonia Investiga 9(31), 10-20, 2020.
G. Giudici, A. Milne, D. Vinogradov. “Cryptocurrencies: market analysis and perspectives”. J. Ind. Bus. Econ. 47, 1–18, 2020.
M. Tsukerman. “The block is hot: A survey of the state of Bitcoin regulation and suggestions for the future”, Berkeley Technology Law Journal, 30(4), 1127-1170, 2015.
Published
2022-10-30
How to Cite
NOROUZI, Nima.
Financial Transfer In Cyber Currency And The Private International Law.
Journal of Economic and Business Law Review, [S.l.], v. 2, n. 2, p. 90-111, oct. 2022.
ISSN 2828-3198.
Available at: <https://jurnal.unej.ac.id/index.php/JEBLR/article/view/26654>. Date accessed: 03 july 2024.
doi: https://doi.org/10.19184/jeblr.v2i2.26654.
Section
Articles
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
