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.

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.

[1] Duan Qijun, Liu Fen.(2014) Legislative perfection of online money laundering crime. Journal of Hunan University, 3,1-10

[2] Fang Qiushi. (2013)Analysis of network virtual property. Legal review, 5,2-15

[3] Fu Zhu. (2007)Exploring the impact of virtual currency on the current monetary system from the perspective of Q currency. Financial economy, 1-20

[4] Gao Hong. (2011)Research on virtual currency and its impact on monetary policy. Northeast University of Finance and economics, 1-3

[5] He Fenglian. (2010)Research on the evolution trend of network virtual currency. Beijing University of Posts and telecommunications, 2,1-5

[6] Hou Jun. (2011)Analysis of the impact of online virtual currency on financial market. Accounting communication,1, 1-10

[7] Huang Yanghai, Chen Xiaofeng. (2010)Analysis on the attribute and supervision of network virtual currency. Oriental corporate culture, 11,23-40

[8] Li Aijun.(2008) Research on legal issues of electronic money. Beijing: Intellectual Property Press, 3,11-19

[9] Li Zhen. (2003)Development of virtual currency and reconstruction of monetary theory and policy. World economy, 9,17-25