Legalization of Bitcoin cryptocurrency. Private law aspects
 
More details
Hide details
1
SWPS Uniwersytet Humanistycznospołeczny
 
 
Publication date: 2018-01-27
 
 
JoMS 2017;35(4):91-104
 
KEYWORDS
ABSTRACT
The emergence of a cryptocurrencies in the economic circulation is a challenge for legal systems. The response of a legal system depends on social, political and international determinants. The first attempts to understand cryptocurrencies usually concerns tax law, which, however, are related to the civilian understanding of the phenomenon. In the Polish legal system, we had a lack of regulation directly related to cryptocurrencies, which caused them to be strictly qualified as an instrument whose exchange for money was not exempt from VAT as Bitcoin was not classified as money. This situation has changed as a result of the case law of the Court of Justice of the European Union, which has recognized Bitcoin as an alternative means of payment. Recently, new statutory regulations have been introduced in non-European legal systems, i.e. in Japan and Arizona, which regulate cryptocurrencies in a wider way. This allows us to propose classification of legal systems based on the relationship they have towards cryptocurrencies.
 
REFERENCES (15)
1.
Bonneau, J., Narayanan, A., Miller, A., Clark, J., Kroll, J.A., & Felten, E.W. (2014). Mixcoin: Anonymity for Bitcoin with accountable mixes, [w:] International Conference on Financial Cryptography and Data Security (s. 486–504), Springer, http://link.springer.com/chapt... [dostęp: 27.12.2017].
 
2.
Ciućkowska-Leszczewicz, K. (2013). Odpowiedzialność wspólników spółki cywilnej. Prawo rzymskie a tradycja współczesnego prawa prywatnego, Olsztyn: Wydział Prawa i Administracji Uniwersytetu Warmińsko-Mazurskiego. ISBN 9788362383412.
 
3.
Das, S. (2017, marzec 29). Bitcoin in Japan: Officially Recognized in April; Asset or Expense?, CryptoCoinsNews, https://www.cryptocoinsnews.co... [dostęp: 27.12.2017].
 
4.
Koshy, P., Koshy, D., & McDaniel, P. (2014). An analysis of anonymity in bitcoin using p2p network traffic, [w:] International Conference on Financial Cryptography and Data Security (s. 469–485), Springer, http://link.springer.com/chapt... [dostęp: 27.12.2017].
 
5.
Luo, G.Y. (1998). The evolution of money as a medium of exchange, „Journal of Economic Dynamics and Control”, 23(3), 415–458. ISSN 0165-1889.
 
6.
Marian, O.Y. (2013). Are Cryptocurrencies „Super” Tax Havens?, „Michigan Law Review First Impressions”, 38, 112. ISSN 0026-2234.
 
7.
Mariański, M. (2015). Problematyka kwalifikacji prawnej wirtualnej waluty we Francji, „Państwo i Prawo”, 10, 92–100 . ISSN 0031-0980.
 
8.
Miers, I., Garman, C., Green, M., & Rubin, A.D. (2013). Zerocoin: Anonymous distributed e-cash from bitcoin, [w:] Security and Privacy (SP), 2013 IEEE Symposium on (s. 397–411), IEEE, http://ieeexplore.ieee.org/xpl... [dostęp: 27.12.2017].
 
9.
Mittal, S. (2012). Is Bitcoin Money? Bitcoin and Alternate Theories of Money (SSRN Scholarly Paper No. ID 2434194), Rochester, NY: Social Science Research Network, http://papers.ssrn.com/abstrac... [dostęp: 27.12.2017].
 
10.
Nakamoto, S. (2008). Bitcoin: A peer-to-peer electronic cash system, „Consulted”, 1(2012), 28 .
 
11.
Ober, M., Katzenbeisser, S., & Hamacher, K. (2013). Structure and anonymity of the bitcoin transaction graph. „Future internet”, 5(2), 237–250 . ISSN 1999-5903.
 
12.
Reid, F., & Harrigan, M. (2013). An analysis of anonymity in the bitcoin system, [w:] Security and privacy in social networks (s. 197–223), Springer, http://link.springer.com/chapt... [dostęp: 27.12.2017].
 
13.
Sitek, B. (2016). Unifikować czy synchronizować prawo w Europie? Studium przypadku od prawa rzymskiego do prawa europejskiego, „Journal of Modern Science”, 2(29), 109–130.
 
14.
Smart, E. (2016). Japan Officially Recognizes Bitcoin and Digital Currencies as Money, https://bitconnect.co/bitcoin-... [dostęp: 13.05.2017].
 
15.
Włodarczyk, B. (2014). Komu służy system finansowy? − refleksja po światowym kryzysie gospodarczym, „Studia i Prace Kolegium Zarządzania i Finansów SGH”, 140, 179–188 . ISSN 1234-8872.
 
eISSN:2391-789X
ISSN:1734-2031
Journals System - logo
Scroll to top