The Concept and Essence of Cryptocurrency as an Object of Civil Rights
( Pp. 117-123)

More about authors
Makiiev Soslan A. Cand. Sci. (Law), Associate Professor, Head of the Department of Civil Law and Procedure
K. L. Khetagurov North Ossetian State University
Vladikavkaz, Russian Federation Kachmazova Diana M. Cand. Sci. (Law), Associate Professor, Head of the Civil Law and Procedure Department
North Caucasus Mining and Metallurgical Institute (State Technological University)
Vladikavkaz, Russian Federation Lolaeva Albina Slavovna Cand.Sci.(Law), Associate Professor, Associate Professor of Constitutional Law Department
Gorskiy State Agrarian University
Vladikavkaz, Russian Federation
Abstract:
Objective. The article examines the concept and essence of cryptocurrency as an object of civil rights. In the modern era of digital technology, the market is constantly evolving, new objects of civil rights appear over time, and the existing ones evolve and change. The cryptocurrency market is actively developing today, it has become a significant part of reality, and it is no longer possible to ignore this phenomenon. The topic is relevant because today there are still controversial issues regarding the legal nature of cryptocurrency. Relevant are the issues of determining the place of cryptocurrency in the civil legislation, questions regarding the theoretical aspects of the economic and legal nature of cryptocurrency. Conclusions. The authors state that cryptocurrency does not fully relate to either compulsory or proprietary rights, as it cannot be equated to the legal regimes relating to proprietary and compulsory law. It is proposed to amend the Civil Code of the Russian Federation, and to include digital currency in the existing list of objects of civil rights, and refer it to other property, by analogy with digital rights.
How to Cite:
Makiiev S.A., Kachmazova D.M., Lolaeva A.S., (2021), THE CONCEPT AND ESSENCE OF CRYPTOCURRENCY AS AN OBJECT OF CIVIL RIGHTS. Economic Problems and Legal Practice, 6 => 117-123.
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Keywords:
cryptocurrency, digital currency, digital rights, objects of civil rights, property rights, property rights, blockchain, transaction, information, bitcoin, money, civil circulation.


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