Social Sciences
6 years ago

Virtual currencies set to be legally regulated, impacting global transactions.

Vestnik of the Omsk Law Academy
On the Need for Legal Regulation of Virtual Currencies
Elena Voskresenskaya

Paper Summary

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The article argues that virtual currencies need legal regulation. It defines virtual currency as a form of property that can be used as payment by many people. Virtual currency is not the same as electronic money. The main point is that virtual currency should be recognized as a type of property under civil law.