The Legal Status of the Cryptocurrencies in the National and International Systems

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Rahimi Fathullah; Sharifian Sahar

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Journal: Modern Technologies Law Year:2020 | Volume:1 | Issue:1 Page(s): 1-22

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Information Journal Paper

Title

The Legal Status of the Cryptocurrencies in the National and International Systems

Author(s)

Rahimi Fathullah | Sharifian Sahar | Issue Writer Certificate

Keywords

Cryptocurrency

Bitcoin

Legal Status of Cryptocurrency

Digital Payment

Abstract

Today, a new asset called Cryptocurrency has entered the economic and financial realm of countries that have been able to stimulate governments to respond. Most governments have responded positively to these unsecured currencies, which are not monitored by any authority, and by considering these currencies as one of the complementary factors of the economic system, they have sought to develop this field and to enact principles. Of course, some countries have also reacted negatively to this currency, and some countries, such as the Islamic Republic of Iran, have reacted differently. It is clear that no country has declared cryptocurrencies as official "money" and now these currencies are mostly used as a commodity exchange tool. However, despite the negative attitude of some governments to this issue, international organizations and communities have expressed their willingness to accept these currencies and are seeking to expand their payments. It is expected that the power of cryptocurrencies will overcome the resistance of the opposing governments and eventually return to their international natural situation and away from any sovereignty.

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APA: Copy

Rahimi, Fathullah, & Sharifian, Sahar. (2020). The Legal Status of the Cryptocurrencies in the National and International Systems. MODERN TECHNOLOGIES LAW (CONTRACT AND NEW TECHNOLOGIES LAW), 1(1 ), 1-22. SID. https://sid.ir/paper/373264/en

Vancouver: Copy

Rahimi Fathullah, Sharifian Sahar. The Legal Status of the Cryptocurrencies in the National and International Systems. MODERN TECHNOLOGIES LAW (CONTRACT AND NEW TECHNOLOGIES LAW)[Internet]. 2020;1(1 ):1-22. Available from: https://sid.ir/paper/373264/en

IEEE: Copy

Fathullah Rahimi, and Sahar Sharifian, “The Legal Status of the Cryptocurrencies in the National and International Systems,” MODERN TECHNOLOGIES LAW (CONTRACT AND NEW TECHNOLOGIES LAW), vol. 1, no. 1 , pp. 1–22, 2020, [Online]. Available: https://sid.ir/paper/373264/en

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