Prospects of Recognition and Development of Cryptocurrencies in the European Union and the Countries of Europe
Abstract
Contemporary history and nowadays reality of cryptocurrencies such bitcoins is discussed in this article. Author reviews history and modern regulation of cryptocurrencies in the major economies in Europe and beyond. The role of bitcoin and block chain technology is being questioned in the article as author claims this technologies to be something more than a simple IT innovation, but a social hook for further development and political engineering. Author examines current legal regulation and its possible advancement and tries to compare certain results in this field with Russian expertise.
Keywords
cryptocurrency,
bitcoin,
Europe,
European union,
legal regulation,
block chain,
hash-block,
netocracy
References
1. Levi D. About the ghost of “revolution of netocrats”: evolution of the relations of information technologies, media spaces and states [O prizrake «revolyutsii netokratov»: evolyutsiya otnoshenii informatsionnykh tekhnologii, media-prostranstva i gosudarstva] // Scientific prospect [Nauchnaya perspektiva]. 2014. N 4. P. 57–62. (rus)
2. Ali R., Barrdear J., Clews R., Southgate J. Innovations in payment technologies and the emergence of digital currencies // Bank of England Quarterly Bulletin, 2014. P. 262–275.
3. Bartlett J. The dark net: Inside the digital underworld. London : William Heinemann. 2014.
4. Yang R. When is Bitcoin a security under US securities law? // Journal of Technology Law & Policy. V. 18. N 2, 2013.
Review
For citations:
Levi D.A. Prospects of Recognition and Development of Cryptocurrencies in the European Union and the Countries of Europe. Administrative Consulting. 2016;(9):148-158. (In Russ.)
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