Articles | Open Access |

ISSUES OF LEGAL REGULATION OF BLOCKCHAIN, BITCOIN AND OTHER CRYPTOASSETS

Uktamjon Tukhtaev , Lecturer at Tashkent State University of Law

Abstract

The article provides an analysis of German legislation on the legal regulation of blockchain, bitcoin and other crypto-assets, which is one of the new means of payment. It also cites Germany's official position on digitization and its elements. It was emphasized that in order to make the most effective use of digital technologies in various spheres of public life, the legislation should find a compromise between public interests, economic needs and technological opportunities.

Keywords

blockchain, bitcoin, crypto-active, crypto-exchange, securities, token.

References

Bitcoin: peer-to-peer electronic monetary system // URL: https://bitcoin.org/bitcoin.pdf.

Sidorenko E.L. Cryptocurrency - a new legal phenomenon. SOCIETY AND LAW. 2016, №3 (57), С.193

Abramova, M. A. On the results of the Bank of Russia in 2015: the opinion of experts of the Financial University under the Government of the Russian Federation / M. A. Abramova, S. E. Dubova, S. V. Krivoruchko, O. Y. Lavrushin, I. V. Larionova, V. V. Maslennikov, A. Y. Milyukov, E. M. Svirina // Banking Law. - 2016. - № 4. - С. 7-20.

Samigulina, A. V. Banking activity: problems of realization of international legal principles and main directions of further development / A. V. Samigulina // Law and Economics. - 2016. - № 12. - С. 50-55.

Savelyev A. Я. Contract law 2.0: "smart" contracts as the beginning of the end of classical contract law / A. Y. Savelyev // Vestnik Municipal Law. - 2016. - № 3. - С. 32-60

Research of initial coin supply in the field of Kryptowährungen and blockchain technology.

David Gold, The Economics of Terrorism // URL: https://www.files.ethz.ch/isn/10698/doc_10729_290_en.pdf.

Salnikov E.V., Salnikova I.N. Cryptocurrency and economic innovations // Internet Journal "Naukovedenie" Vol. 8, No. 3 (2016) http://naukovedenie.ru/PDF/86EVN316.pdf

Gesetz über das Kreditwesen (Kreditwesengesetz, KWG) // URL: https://www.gesetze-im-internet.de/kredwg/ BJNR008810961.html (Date of address: 17.04.2021).

Gesetz über den Vorrang für Investments bei Rückübertragungsansprüchen nach dem Vermögensgesetz (Investitionsvorranggesetz, InVorG) // URL: https://www.gesetze-im-internet.de/invorg/BJNR012680992.html (Date of access: 17.04.2021).

Gesetz über den Wertpapierhandel // URL: https://www.gesetze-im-internet.de/wphg/ (Date of access: 17.04.2021).

Gesetz über den Vorrang für Investments bei Rückübertragungsansprüchen nach dem Vermögensgesetz (Investitionsvorranggesetz, InVorG) // URL: https://www.gesetze-im-internet.de/invorg/BJNR012680992.html (Date of access: 17.04.2021).

Initial coin offering Studie zu Kryptowährungen und der Blockchain-Technologie Frankfurt University of Applied Sciences, Frankfurt am Main, Booth, May 2018 // URL: https://www.frankfurt-university.de/fileadmin/standard/Hochschule/Fachbereich_3/Kontakt/ Professor_inn_en/Hoenig/20180502_Bitcoin_Studie_fra_uas_Hoenig_ V1.0.pdf (Date accessed: 17.04.2021).

GLI - Blockchain and Cryptocurrencies Regulations 2019, first edition.

Any Bitcoin regulation should be global, says Germany's central bank // URL: https://www.reuters.com/article/us-bitcoin-regulations-germany/any-rule-on-bitcoin-must-be- global-germanys-central-bank-siteUSKBN1F420E?il=0 (date accessed: 17.04.2021).

"On Measures for the Development of Digital Economy in the Republic of Uzbekistan" PQ-3832. 07.03.2018 // https://lex.uz/ru/docs/3806053

VBW - Vereinigung der Bayerischen Wirtschaft e. V. Blockchain and smart contracts Recht und Technik im Überblick, October 2017, Munich.

Fraunhofer Gesellschaft Blockchain und Smart Contracts Technologien, Forschungsfragen und Anwendungen, November 2017 // URL: https://www.sit.fraunhofer.de/fileadmin/dokumente/studien_und_technical_ report/Fraunhofer-Positionspapier_Blockchain-und-Smart-Contracts.pdf? _=151616641660 (accessed 17.04.2021).

study Eine VBW Studie, erstellt vom Lehrstuhl für Öffentliches Recht, Sicherheitsrecht und Internetrecht,

Stand of the University of Passau: October 2017 // URL: https://www.vbw-bayern.de/Redaktion/Frei-zugaenglicheMedien/Abteilungen-GS/Planung-und-Koordination/2017/Downloads/2017-09-12- NH-vbw-Blockchain-undSmart-Contracts_ChV-Fu%C3%9Fnoten.pdf (accessed 17.04.2021). Translated with www.DeepL.com/Translator (free version);

Tukhtaev U. Civil Law Problems of Complex Things //Web of Synergy: International Interdisciplinary Research Journal. – 2023. – Т. 2. – №. 2. – С. 6-10.

To’Xtayev O. et al. MURAKKAB ASHYOLAR FUQAROLIK HUQUQLARI OBYEKTI SIFATIDA //Oriental renaissance: Innovative, educational, natural and social sciences. – 2023. – Т. 3. – №. 2. – С. 76-83.

Article Statistics

Downloads

Download data is not yet available.

Copyright License

Download Citations

How to Cite

ISSUES OF LEGAL REGULATION OF BLOCKCHAIN, BITCOIN AND OTHER CRYPTOASSETS. (2023). International Bulletin of Applied Science and Technology, 3(8), 179-185. https://researchcitations.com/index.php/ibast/article/view/2487