Digital Currency in Broader Sense, Status, Regulation and Development Trends

• Authors: Miroslav Štrkolec , Ladislav Hrabčák

Abstracts

EN

The present article deals with one of the phenomena of the Industrial (Digital) revolution 4.0, which is digital currency in broader sense, respectively virtual currencies, as some authors refer to them. Despite the fact that this phenomenon is not such a novelty in society, it has demanded the focus of legal science only in recent years and the discussion has not subsided, it can be stated that it is only in the beginning. Along with digital currency in broader sense, there are several issues, such as the correctness of their naming, their legal status and, as far as the area of tax law is concerned, these are also questions of the manner and possibilities of taxing transactions with them. Authors set as a goal of this article to verify the following hypotheses:   - the naming of digital currency in broader sense as a currency is incorrect given the existing knowledge of financial law science.   - the legal regulation of digital currency in broader sense in selected Member States of the European Union is not sufficient.   To verifying the above hypotheses, the authors used several methods of writing scientific works, but especially analysis, synthesis, the method of comparison and the historical method, which the authors used in combination with each other.

Keywords

EN

tax; law; tax law; digital currency in broader sense; digital tax; digital revolution

• Publisher: Uniwersytet Gdański
• Journal: Financial Law Review
• Year: 2021
• Volume: 21
• Issue: 1
• Pages: 62-79

Dates

published

2021

Contributors

author

Miroslav Štrkolec

• Jozef Šafárik University in Košice

author

Ladislav Hrabčák

• Jozef Šafárik University in Košice

Identifiers

Biblioteka Nauki

1368126