Academic Journal of Humanities & Social Sciences, 2022, 5(17); doi: 10.25236/AJHSS.2022.051719.
King & Wood Mallesons, Beijing, 100020, China
Virtual Currency is a new thing active in the currency field in recent years. Because of its decentralized characteristics and the convenience and anonymity caused by the unique block chain technology, it is sought after by the majority of believers. However, everything has its two sides. Anonymity, as a significant advantage of Virtual Currency, also brings a series of problems: for example, difficulties in legal supervision and facilitating economic crimes. With the rapid development of Virtual Currency, the exposed legal problems and market risks are increasing day by day. Without effective regulation, the crisis contained in Virtual Currency will be very huge. In legislation, we should clearly base on reality and clarify the principle of responsibility distribution. Also, we should strengthen the regulation of economic crimes, improve the electronic evidence system in combination with the characteristics of Virtual Currency.
Virtual currency; Bitcoin; Financial supervision; Anti money laundering
Zhen Yuanyun. Legal Risks and Regulation of Virtual Currency. Academic Journal of Humanities & Social Sciences (2022) Vol. 5, Issue 17: 117-121. https://doi.org/10.25236/AJHSS.2022.051719.
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