Review article
https://doi.org/10.3935/zpfz.74.1.05
Enforcement on Cryptocurrency
Jelena Arambašić
orcid.org/0000-0002-8604-0294
; notary public associate
Abstract
The domestic legal framework describes virtual currencies as a subtype of virtual assets. Since they are considered assets, are transferable, and have monetary value, it is necessary to explore whether they are suitable to be considered as subjects of enforcement. As the Enforcement Act does not regulate the enforcement of virtual currencies, the question arises as to whether virtual currencies can be classified under “other property or material rights” in the context of enforcement proceedings. Potential issues that may arise in enforcement actions of seizure and realization are also closely examined in relation to the key characteristics of virtual currencies. It is concluded that there is no need to amend the Enforcement Act for enforcement on virtual currencies but rather to adapt enforcement actions in accordance with the characteristics of virtual currencies, albeit cautiously.
Keywords
cryptocurrency; bitcoin; enforcement on cryptocurrency; enforcement on other property or material rights
Hrčak ID:
316384
URI
Publication date:
8.4.2024.
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