Pregledni rad
https://doi.org/10.25234/pv/27044
A COMPARATIVE REVIEW OF THE LEGAL STATUS OF NATIONAL CRYPTOCURRENCIES AND CBDCs A LEGAL TENDER OR JUST ANOTHER MEANS OF PAYMENT
Šime Jozipović
; Ekonomski fakultet, Sveučilište u Splitu, Cvite Fiskovića 5, 21000 Split, Hrvatska
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Marko Perkušić
orcid.org/0000-0002-5845-2961
; Sveučilišni odjel za forenzične znanosti, Sveučilište u Splitu, Ruđera Boškovića 33, 21000 Split, Hrvatska
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Nina Mladinić
; Sveučilišni odjel za forenzične znanosti, Sveučilište u Splitu, Ruđera Boškovića 33, 21000 Split, Hrvatska
*
* Dopisni autor.
Sažetak
This paper analyses the legal framework of national virtual currencies and so-called Central Bank Digital Currencies (CBDCs) from a comparative law perspective. The authors define the meaning of the terms “means of payment” and “legal tender” and determine the legal consequences of classifying certain means of payment as legal tender. Building on this, the authors present new developments in the field of sovereign virtual currencies and shed light on their evolution through a comparative legal analysis of various national virtual currencies. In this context, the authors present developments in various African countries, Venezuela’s initiative to introduce the first state-backed crypto token, the first CBDC pilot projects in Uruguay and China, and considerations to introduce a CBDC in the EU. Based on the analyzed systems, problems regarding privacy, user protection and effective regulation of transactions are highlighted in order to present the legal challenges for the establishment of a fully functional (supra-)national euro CBDC.
Ključne riječi
virtual currency; CBDC; payment; legal tender; digital euro
Hrčak ID:
316725
URI
Datum izdavanja:
30.4.2024.
Posjeta: 757 *