The Improvement Of My Country's Digital Currency Legal Regulation Path

In today's world,digital economy has become a new driving force for economic development,and monetary economy is an important part of it.Drived by the innovation of information technology,Internet finance has been developing rapidly,currency forms have been constantly changing,and innovations of financial products have emerged one after another.Digital currency represented by Bitcoin has brought a revolutionary innovation and created a decentralized mode of fund transfer.The rise and popularity of non-sovereign digital currencies reflects the public's concern about the monopoly risk that may be brought about by the existing centralized form.At present,digital currency has been used in international cooperation,for example,the United Nations Children's Fund accepts cryptocurrency donations and has set up a special foundation for this purpose.Thus it can be seen that the influence and ecological environment of digital currency are gradually expanding around the world,and at the same time,the public has gradually begun to accept it from the level of consciousness and thinking.However,the development and application of digital currency is still in continuous development,which is not only mythical but also contains huge legal risks.Private digital currencies such as Bitcoin have raised significant qualitative and regulatory challenges compared to fiat digital currencies backed by state credit.From the physical currency to the current digital currency,the form of currency has gone through multiple stages of evolution with the progress of human civilization,and currency plays an important role in the economic society.In order to use legal means to adjust the social relations behind the digital currency,we cannot do without the discussion of the ontology of digital currency,that is,how to define the nature of digital currency at the legal level.This concerns the top-level thinking and specific measures of digital currency supervision.At present,due to different opinions on the nature of digital currency,the regulatory attitude towards it is also different.A few countries still ban Bitcoin,but most countries,including China,are gradually integrating digital currency into their own regulatory system and legal regulations.Faced with the emergence of new financial supply,how to balance the relationship between encouraging the innovation of financial technology and preventing and controlling new financial risks has become the primary problem for the regulatory authorities of all countries.Foreign countries have different legal regulation methods and regulatory policies for digital currency.Based on the identification and regulatory status quo of digital currency in China,this paper draws on the "regulatory sandbox" mechanism of the United Kingdom,and tries to build a "Chinese version of regulatory sandbox" from the perspective of law,in order to provide a standardized environment for the development of digital currency.