General Regulatory Consideration of Cryptocurrency and its use in International Trade Transactions as a Virtual Currency

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dc.contributor.advisorFézer, Tamás
dc.contributor.authorGuguchia, Lili
dc.contributor.departmentDE--Állam- és Jogtudományi Karhu_HU
dc.date.accessioned2022-06-03T12:00:27Z
dc.date.available2022-06-03T12:00:27Z
dc.date.created2022-06-03
dc.description.abstractThis thesis aims to describe main stages through which money has evolved and how we came from barter to the use of cryptocurrencies. I will discuss cryptocurrency mining technology and describe a complex system which offers streamlined processes and define how realistic are the possibilities of using cryptocurrency and replacing paper money with cryptocurrency in the future. The focus will be on two countries that have already established one of the cryptocurrencies such as Bitcoin as their official currency. These countries are El Salvador and the Central African Republic, and I will determine the situation after the declaration of Bitcoin as the official currency. Given the fact that Cryptocurrencies are evolving, fast-growing, but still relatively new and there is no mass legal regulation of cryptocurrency in the world it creates a rather risky environment for individuals and businesses. I will discuss the possibilities and legal activities that are planned and hopefully it will be implemented in the future within the legal framework of cryptocurrency, in particular, I will focus on the EU and the United States and their approaches. We can unequivocally say that the inclusion of this field in the context of legal regulation will impose barriers that will prevent the misuse of cryptocurrencies. The thesis also discusses the impact of cryptocurrency on international trade, and how profitable it is in terms of global trade. When different currencies fluctuate in international trade, the use of cryptocurrencies becomes an optimal tool for several reasons. It changes the whole picture and offers global innovation in e-commerce. Final opinion will be presented on the importance of legal regulation in the use of cryptocurrency to avoid or reduce risk factors and to incorporate all of this into international trade and its prospects.hu_HU
dc.description.courseLL.M European and International Business Lawhu_HU
dc.description.degreeegységes, osztatlanhu_HU
dc.format.extent46hu_HU
dc.identifier.urihttp://hdl.handle.net/2437/334297
dc.language.isoenhu_HU
dc.subjectCryptocurrencyhu_HU
dc.subjectBitcoinhu_HU
dc.subjectVirtual currencyhu_HU
dc.subjectVolatilityhu_HU
dc.subjectDecentralized systemhu_HU
dc.subjectInternational Tradehu_HU
dc.subjectblockchainhu_HU
dc.subject.dspaceDEENK Témalista::Jogtudományhu_HU
dc.titleGeneral Regulatory Consideration of Cryptocurrency and its use in International Trade Transactions as a Virtual Currencyhu_HU
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