THE PROBLEMS OF LEGAL REGULATION OF VIRTUAL CURRENCIES IN EU
Irina Cvetkova · EUROPEAN RESEARCH · 2018
the virtual currency or cryptocurrency is a cryptographically protected decentralized digital currency used as means of exchange.Due to development of new technologies and innovations, the rate of using of virtual currency is rapidly increasing throughout the globe, replacing not only cash payment and payments by bank transfer, but also electronic payments.To resolve the legal aspects of the virtual currency, the European Union has also faced the need to create the appropriate legal regulation, but does not hurry with its adoption.Currently, there is no single legal definition of the virtual currency and general legal regulation in the EU, but some countries of Europe have defined the status of the virtual currency for taxation.The purpose of the article is to reveal problems of the virtual currencies legal regulation in EU.