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- Title
КЛЮЧОВИ МОМЕНТИ В РАЗРАБОТВАНЕТО НА РЕГУЛАТОРНАТА РАМКА НА БЛОКЧЕЙН ТЕХНОЛОГИЯТА. ТЕКУЩА СИТУАЦИЯ И ПЕРСПЕКТИВИ.
- Authors
Гигов, Русен; Димитров, Иван
- Abstract
Blockchain technology has been undergoing a rapid development, especially in recent years, as one of the main implementations, namely cryptocurrencies, which have been the preferred asset of both novice traders and institutional investors. Certain events, such as the COVID-pandemic and the war in Ukraine, have proven that digital assets are unreliable to global shocks and need strict regulation. On the other hand, regulations are effective when applied preventively. In this regard, this article aims to trace the development of the regulatory framework in relation to digital assets, including related providers, for example, crypto exchanges. The actions of the institutions responsible for implementing the legislative framework are analyzed, as well as the direction of development of the blockchain industry on a global, European and national scale. The upgrade of European directives in the field of crypto and the development of relevant projects are considered. The entry into force of MICA is taken into account, as the regulation identifies and covers three types of crypto-assets, namely: assetreferenced tokens (ART), electronic money tokens(EMT), and other crypto-assets not covered by existing EU law.
- Subjects
UKRAINE; ELECTRONIC money; BLOCKCHAINS; CRYPTOCURRENCY exchanges; RUSSIAN invasion of Ukraine, 2022-; CRYPTOCURRENCIES
- Publication
Management & Education / Upravlenie i Obrazovanie, 2023, Vol 19, Issue 1, p72
- ISSN
1312-6121
- Publication type
Article