Research On The Legislation Of International Virtual Economy

Virtual economy is not only a new field of economics, but also a new challenge for the field of law. With the globalization of virtual economic, its impact on the world economy is more and more stronger. These years the global economy has developed rapidly under the influence of the virtual economy, althongh it has brought the global economy a great negative impact. Especially in the 2008 financial crisis, more people felt confused. Therefore,starting with the 2008 financial crisis and standing on the legal point of view, this paper will focus on the legislation issues of the virtual economy along the "virtual economy" concept proposed by the economists.The virtual economy is a high degree of the economy of legalization, but at present neither the concept of a virtual economic law in the world, nor the similar form of the civil law,criminal law and administrative law. The existing legislation of the virtual economy are based on an independent existence and separate operation, such as the Securities Law, Futures Act. Professor Hu Guangzhi said: "The research of a virtual economic law is a new subject of jurisprudence."The core of the virtual economic law is control, and substantially the virtual economic law is a virtual economic regulation law. Generally speaking,according to the extent of the cotroll of the government,the foreign virtual economy regulatory regime can be divided into the legislative-type model of government regulation which is represented by the United States and self-supervision model which is represented by the United Kingdom. Thus, the laws and regulations related to the virtual economy of the two countries are very valuable.With the deeping of the virtualization of the global economy, the internationallization of the virtual economy has grown stronger.As a result, a country's internal monitoring is difficult to adapt to the requirements of the developmentof the virtual economy, so countries must cooperate in order to monitor the market of the virtual economy effectively, and prevent the regional or global financial risks. It is also one of the most profound lessons which is brought by the 2008 global financial crisis. Therefore, how to strengthen the prudential supervision and the risk management of the virtual economy and has become the common problems in the market economy countries. At present,there are also some problems in the international cooperation and the relevant provisions of the virtual economic regulation.I hope that this article can be different to the previous study from the financial or economic point of view, and also be out of the traditional study of financial law perspective. I will do a new research on the virtual economic legislation by comparing the virtual economic regulation in the relevant countries and international organizations, so that it can ultimately benefit the improvement of China's virtual economic legislation. This paper consists of seven parts. The first part is the introduction to introduce the writing background and research methods. The second part analyze the root of the 2008 financial crisis. The third part is the ummarize of the virtual economy. The forth part is an overview of the virtual economic law. The fifth part is the Legislation of the virtual economy in the important countries. The six part is the international cooperation of the Legislation of the virtual economy. The seventh part is the thingking of the virtual economy′s legislation of our country.