La regulación de las monedas digitales: experiencias compartidas desde el derecho europeo y francés

Luis Roman Arciniega Gil
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Luis Roman Arciniega Gil: UCL - Université catholique de Lille, CERAPS - Centre d'Etudes et de Recherches Administratives, Politiques et Sociales - UMR 8026 - Université de Lille - CNRS - Centre National de la Recherche Scientifique

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Abstract: This article addresses the social phenomenon of monetary creation, in the digital world, that has been growing steadily in recent years. The aim is to share the experience of the European and French law in its attempt to determine the legal status of the so-called digital currencies, particularly considering the blockchain as the technical aspect that characterizes their creation and operation. The methodology employed is based on documentary research and analysis of the various legal sources, specifically doctrine, legislation, and case law. The study points out that a regulation of the blockchain as the basic element of cryptocurrencies is essential; a pragmatic approach in the legal qualification of such technical element according to the different uses that can be made of it; as well as the need for a harmonized international agreement considering its crossborder nature to provide legal certainty to users. In conclusion, digital currencies cannot be qualified as legal tender. However, the fact that they are socially accepted as means of payment, as well as their multifaceted character that lends them to various purposes, make the legal actors to adopt a pragmatic approach framing them legally according to the use that is made of them.

Keywords: monetary creation; monetary democratization; blockchain; digital currencies; crypto-currencies; digital assets; virtual currencies; digital regulation; régulation numérique; Création monétaire; démocratie monétaire; monnaies virtuelles; crypto-monnaies; actifs numériques (search for similar items in EconPapers)
Date: 2021-07-01
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Published in FORO. Revista de Derecho, 2021, FORO. Revista de Derecho, 36, pp.28-47. ⟨10.32719/26312484.2021.36.2⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03467266

DOI: 10.32719/26312484.2021.36.2

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