Perfection Of The Legal Supervision Of China’s Blockchain-based Cryptocurrency

With the increasing application of block chain technology in all walks of life,especially in the financial industry,the higher attention is paid to the digital cash of block chain technology.However,as the block chain digital cash is a new thing,the provisions and norms under the original legal model can no longer be effectively regulated.It needs to adapt to technological innovation and make legal adjustments or legal amendments or legal innovations in order to better enable the law to promote economic development.For this reason,the author chooses the legal supervision of digital cash,a block chain in our country,as the research object,and analyzes it through the methods of literature reading and comparative analysis,in order to make a theoretical foundation for the legal system of digital cash,a block chain in our country.Chapter 1: Introduction.This paper mainly analyses the research significance,literature review,research methods and research approaches of the paper.Chapter 2: The current situation of legal supervision of block chain digital currency in China.Based on the comprehensive consideration of preventing financial risks,preventing capital outflow and safeguarding the authority of legal currency in China,the legal supervision attitude of digital currency in block chain has changed from arbitrary development to comprehensive prohibition,that is to say,the strict supervision policy of digital currency in block chain has been implemented.The main measures implemented are prohibiting ICO measures and closing down.Block chain digital currency trading platform.Through the implementation of the policy of tightening the legal supervision of block chain digital currency,China’s financial risk prevention has achieved remarkable results.Domestic over-the-counter trade has become the mainstream,and transactions are transferred from domestic to foreign countries.Chapter 3: The practice,problems and reasons of legal supervision in digital cash,a chain of blocks in China.In order to better draw out the problems,the relevant cases are analyzed by empirical analysis.The inconsistency of judicial decisions highlights the controversial legal attribute of the block chain digital cash,the weakening of the legal supervision system of the block chain digital cash,the infringement of consumer rights and interests in the block chain digital cash and the increasing crime risks in the block chain digital cash.According to the analysis of these problems,the legal attribute of block chain digital cash is not clearly defined,the experience of block chain digital cash legal supervision system is limited,the consumer rights and interests of block chain digital cash lack protection mechanism,and the system supply of block chain digital cash to prevent criminal acts is insufficient.Chapter 4: Legal Supervision of digital cash in Extraterritorial Block Chain and Its Enlightenment.Based on a better solution to the problem,this paper mainly selects the financial developed countries,namely the United States,Britain and Japan,as the analysis objects,and introduces the legal attributes of digital cash’s legal supervision,consumer rights and interests protection,and related practices to prevent criminal acts in the block chain of these three countries,and makes a summary of the reference and enlightenment.Chapter 5: Countermeasures to perfect the legal supervision of digital cash in China’s block chain.It is suggested to confirm the property attribute of the block chain digital cash by confirming the property attribute of the block chain digital cash and the legal tender attribute.To strengthen the legal supervision system of block chain digital cash by clarifying the legal supervision subject,legal supervision object and legal supervision content of block chain digital cash;Through the introduction of sandbox supervision mechanism and the construction of Chinese sandbox supervision mechanism to protect the rights and interests of consumers in block chain digital cash;Criminal acts in digital cash of the block chain can be prevented by clarifying the issuing subject and access conditions of the block chain digital cash,establishing an effective block chain digital cash customer identification system,establishing a specialized block chain digital cash trading platform,a large-sum trading system and a suspicious transaction reporting system.