Open AccessOn regulation of cryptocurrency: international experience
Author(s) -
Eugen Florea,
Elena S. Pustelnik
Publication year - 2021
Publication title -
supremaţia dreptului
Language(s) - English
Resource type - Journals
eISSN - 2587-4128
pISSN - 2345-1971
DOI - 10.52388/2345-1971.2021.1.06
Subject(s) - cryptocurrency , european union , china , political science , economy , geography , business , international trade , economics , law , computer security , computer science
The study is dedicated to various jurisdictions’ approaches to cryptocurrency relations regulation. The digital assets'legal status in the European Union is analyzed both at the central level as well at the level of such EU members as Malta, Romania, Germany. Among the countries that geographically belong to Europe, but are not members of the European Union, Switzerland and the United Kingdom are considered in this aspect. The authors also reviewed the most important issues of cryptocurrency regulation in the largest economy in the world - the United States. The Asian region is represented in the study by the jurisdictions where digital assets are most widespread (China and Japan). The main conclusion is that the Republic of Moldova should develop the balanced approach to legalizing the new sphere of socio-economic relations by taking into consideration both positive and negative experience as well as the best legal practices of other states in this field.