The Role of a Cryptocurrency in the System of Objects of Civil Law Rights
https://doi.org/10.17803/1994-1471.2020.110.1.081-091
Abstract
The article gives a brief analysis of the place of a cryptocurrency in the system of objects of civil law rights. According to the results of the study, the authors conclude that it is incorrect to equate legal regimes of the cryptocurrency with the legal regime of virtual objects. The authors consider it promising to regulate legal features of the distributed ledger and register objects of civil law rights in the distributed ledger. A cryptocurrency is a means of payment that has no independent value. Thus, the mechanism of performance of obligations needs special elaboration.
It is also noted that in the legal regulation of any social relations an essential role is assigned to the mechanisms and guarantees of restoration of violated rights and legitimate interests. To this end, the cryptocurrency regulation is inextricably linked with the institution of civil liability. The cryptocurrency combines the features of many civil law rights, but does not fully correspond to any of them. The assignment of the cryptocurrency to other property is possible within the framework of the current legislation without creating new objects of civil law rights, which can lead to conflicts and disputes concerning their legal regime.
Keywords
cryptocurrency,
securities,
objects of civil law rights,
other property,
bitcoins,
legal regime,
legal regulation
Supporting agencies: The reported study was funded by RFBR according to the research project № 18-29-16056. The paper was prepared using the resources of the Legal Reference System (SPS) “ConsultantPlus”.
About the Authors
M. A. Yegorova
Kutafin Moscow State Law University (MSAL)
Russian Federation
Russian Federation
Maria A. Yegorova – Dr. Sci. (Law), Professor of the Department of Competition Law, Head of the International Cooperation Department.
Deputy Chairman of the Executive Committee and Chairman of the Committee on the Improvement of Antimonopoly Legislation of the Moscow Branch of the Russian Bar Association, Co-President of the International Union of Lawyers and Economists (France), member of the International Committee for Digital Economy (BRICS)
ul. Sadovaya-Kudrinskaya, d. 9, Moscow, 125993
O. V. Kozhevina
Bauman Moscow State Technical University (National Research University) (MSTU named after N. E. Bauman)
Russian Federation
Russian Federation
Olga V. Kozhevina – Dr. Sci. (Economics), Professor of the Department of IBM-4.
Expert of the Chamber of Commerce and Industry of the Russian Federation, Member of the International Union of Lawyers and Economists (France)
ul. 2-ya Baumanskaya, d. 5, str. 3, Moscow, 105005
References
1. Gongalo B. M., Novoselova L. A. Est’ li mesto «cifrovym pravam» v sisteme ob"ektov grazhdanskogo prava // Permskij yuridicheskij al’manah. — 2019. — № 2. — S. 179—192.
2. Grazhdanskoe pravo : uchebnik : v 2 t. / pod red. B. M. Gongalo. — 2-e izd. pererab. i dop. — M. : Statut, 2017. — T. 1. — 511 s.
3. Dolgtieva M. M. Granicy legal’nogo oborota kriptovalyuty // Yurist-Pravoved". — 2018. — № 4 (87). — S. 13—14.
4. Lyutova O. I. Opredelenie ponyatiya kriptovalyuty dlya celej nalogovo-pravovogo regulirovaniya // Teologiya. Filosofiya. Pravo. — 2019. — № 1 (9). — S. 19—27.
5. Regulirovanie kriptovalyut. Issledovanie opyta raznyh stran. Otchet Evrokomissii. — Dekabr’, 2017. — 33 s.
6. Rossijskoe grazhdanskoe pravo : uchebnik : v 2 t. / V. S. Em, I. A. Zenin, N. V. Kozlova [i dr.] ; otv. red.nE. A. Suhanov. — 2-e izd., stereotip. — M. : Statut, 2011. — T. 1 : Obshchaya chast’. Veshchnoe pravo. Nasledstvennoe pravo. Intellektual’nye prava. Lichnye neimushchestvennye prava.
7. CB RF nazval kriptovalyuty vysokotekhnologichnoj finansovoj piramidoj // URL: https://forklog.com/v-tsbrf-nazvali-kriptovalyuty-vysokotehnologichnoj-finansovoj-piramidoj/.
8. Cindeliani I. A., Nigmatulina L. B. Kriptovalyuta kak ob"ekt grazhdansko-pravovogo i finansovo-pravovogo regulirovaniya // Finansovoe pravo. — 2018. — № 7. — S. 16—23.
9. Yankovskij R. Pochemu yuristy nikak ne dogovoryatsya o kriptovalyutah // Geektimes. 2017. 10 iyulya. — URL https://geektimes.ru/post/290953/.
10. Institutionalization of cryptoassets. KPMG. — November 2018. — 42 c.
11. Kuhlmann N. Bitcoins — Funktionsweise und rechtliche Einordnung der digitalen // CR. — 2014. — S. 694—695.
Review
For citations:
Yegorova M.A., Kozhevina O.V. The Role of a Cryptocurrency in the System of Objects of Civil Law Rights. Actual Problems of Russian Law. 2020;15(1):81-91. (In Russ.) https://doi.org/10.17803/1994-1471.2020.110.1.081-091
Views:
2281
Email this article 