Open AccessLegal Regulation of Cryptocurrencies and Blockchain Technologies in Germany and Italy
Author(s) -
В. М. Камалян
Publication year - 2020
Publication title -
aktualʹnye problemy rossijskogo prava
Language(s) - English
Resource type - Journals
eISSN - 2782-1862
pISSN - 1994-1471
DOI - 10.17803/1994-1471.2020.116.7.197-206
Subject(s) - legislation , legislature , german , order (exchange) , emerging technologies , cryptocurrency , business , doctrine , state (computer science) , compromise , political science , economics , economic policy , finance , law , computer security , computer science , archaeology , algorithm , artificial intelligence , history
In the paper, the author analyzes the legislation of Germany and Italy, which regulates financial technologies, and highlights the official positions of the state bodies of these countries regarding digitalization and its elements. The trends in the development of legislation in the digital sphere and its prospects are identified. In addition, the German and Italian scientific doctrine is being studied, which, as noted, does not offer a unified approach to financial technologies, in particular to a smart contract, but contains conflicting positions and points of view. Based on the study, it is concluded that there is a need for legislative regulation of financial technologies not only at the national level, but also at the international level. It is emphasized that legislation must find a compromise between public interests, economic needs and technological capabilities in order to make the most effective use of digital technologies in various spheres of public life.