Comparative Research On Regulation Of Virtual Currency And Revelation

With the continuous development of Internet technology,virtual currency based on blockchain technology appears in people's field of vision.Well-known decentralized virtual currency such as Bitcoin and Ethereum has been sought after by many investors.They appeared after the outbreak of the financial crisis in 2008.Many people think that this is a disappointment to the traditional financial system,and the natural reaction of the market after losing confidence in the French currency.As a product of the combination of finance and internet,virtual currency has the characteristics of financial technology,and its underlying basic technologies such as blockchain technology and distributed general ledger provide inherent trust and value.While seeing the huge investment benefits of virtual currency itself and the multiple scenarios in which the underlying technology can be applied,countries are also aware that new technologies may be combined with criminal activities,such as virtual money,which is often used for money laundering,drug trafficking,terrorist financing,etc.Unlawful conduct.Therefore,with the continuous development of virtual currency,the regulatory attitudes of various countries have also changed constantly.Many countries,such as the United States,Japan,the European Union,and China,have expressed their official positions on virtual currency and adopted corresponding regulatory measures.The full text is divided into five parts.The first part is an introduction,which introduces the research background of this paper.Japan and the United States have adopted a more positive attitude and responded to emerging technologies at the legislative level.The central banks of other countries have also conducted research on virtual currency and taken corresponding measures to deal with it.The Bank also calls on governments to be aware of the potential risks that virtual currency may pose to financial stability.The main significance is to prevent risks and improve our financial governance capabilities.The rest is the body of this article.The first chapter introduces the basic theory of virtual currency.Starting from the formation and nature of money,it is concluded that virtual currency does not currently have the full property of money,and then discusses the current definition and nature of virtual currency.The second chapter introduces the current status of China's virtual currency regulation and analyzes the status quo of supervision.It mainly starts from the existing legislation and judicial practice,sorts out the content of virtual currency supervision,and comprehensively displays the current status of China's virtual currency supervision.Through the analysis of the status quo,it is found that there are deficiencies in the qualitative aspects of virtual currency,supervision of virtual currency trading service platform,consumer protection and supervision system.Lack of access settings,in-process and post-event supervision,and more problems in practice.The third chapter studies the status quo of legislative supervision in various countries.Combined with the existing problems in China,it mainly introduces and analyzes the current status of virtual currency legal regulation in the United States,Japan and Russia.It focuses on the definition of virtual currency,business supervision and consumer protection.For the definition of virtual currency,the United States adopts an enumeration plus exclusion method,while Japan adopts a technically neutral method of determining five factors,while Russia seeks to define virtual currency in the civil law approach.In terms of business supervision,it is roughly divided into access supervision,and in-process and post-event supervision,all of which have relatively complete regulations.The fourth chapter is based on the results of the analysis in the previous chapters,and proposes regulatory measures for the regulation of illegally defined virtual currency in terms of access setting,business supervision,and financial consumer protection.At the same time,from the perspective of China,I briefly introduced the idea of??creating a legal digital currency.