Improving the Regulation of the Cryptocurrency Market through the Development of the Idea of Fast Law

Cover Page

Cite item

Full Text

Open Access Open Access
Restricted Access Access granted
Restricted Access Subscription Access

Abstract

This article describes the main provisions of the rapid law concept — the idea of introducing blank norms into legislation, the content of which is possible by accessing special databases designed to consider the threats posed by the free circulation of cryptocurrency assets to the greatest extent.

These conclusions are based on the analysis of the dangers of using cryptocurrencies by broad segments of the population, the lack of effective mechanisms for controlling their turnover, including the acquisition and exchange for other financial assets.

The concept of fast law can also be used in other areas, such as in the regulation of industrial or transport securities.

About the authors

Andrey A. Tymoshenko

University of the Prosecutor's Office of the Russian Federation

Author for correspondence.
Email: antim1@yandex.ru
ORCID iD: 0000-0003-2562-0022
SPIN-code: 6085-1278

PhD in Law, Associate Professor, Professor

Russian Federation, Moscow, Azovskaya str., 2 a

References

  1. Shultz VL, Bochkarev SA, Kulba VV et al. Scenario study of the problems of ensuring public safety in the conditions of digitalization. Moscow: Prospect, 2020. 240 p. (In Russ.).
  2. Makarov VV, Blatova TA, Voroshilova EYu. Accelerated development of information technologies in the pandemic period. Economics and quality of communication systems. 2021;(2):12–19 (In Russ.).
  3. Sazhenov AV. Cryptocurrencies and monetary surrogates: aspects of contact and separation of concepts. Entrepreneurial law. The application "Law and Business". 2018;(1):57–60 (In Russ.).
  4. Sitnik AA. Digital currencies: Problems of legal regulation. Actual problems of Russian law. 2020;(11):103–113 (In Russ.).
  5. Maksurov AA. On the issue of legal liability for the use of cryptocurrencies in the production of settlements. Bulletin of the Omsk Law Academy. 2018;(4):428–433. (In Russ.).
  6. Kuznetsov AG. Criminal risks of using blockchain technologies and cryptocurrencies on the territory of the CIS member states. Bulletin of the Volga Institute of Management. 2021;21(1):49–55 (In Russ.).
  7. Yankovsky R, Vashkevich A, Ivanov A et al. Machine-readable law: the legal challenge of modernity. Law. 2021;(10):20–26 (In Russ.).
  8. Nesterova EV, Zaitseva TV, Smorodina NN et al. On some approaches to the construction of self-learning expert systems. Scientific Vedomosti. History series. Political science. Economy. Computer science. Issue 21/1. 2012;1(120):1–5 (In Russ.).

Supplementary files

Supplementary Files
Action
1. JATS XML

Copyright (c) 2022 Tymoshenko A.A.

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

This website uses cookies

You consent to our cookies if you continue to use our website.

About Cookies