Сrypto and law

Антон Олегович Калинин

Greetings dear reader!I dedicate this book to the legal regulation of cryptocurrency. The topic is relevant, especially for bona fide crypto purchasers who risk at least losing this capital. And as much as possible to sit down for it.I will also share a practical application from my legal practice.I wish you a pleasant reading.

Антон Калинин

Сrypto and law

Cryptocurrency has gained its popularity relatively recently. The last decade was the most productive for the development of this monetary unit. What is a crypt, how to make money on it, and most importantly, do not sit down for it under Article 159 of the Criminal Code of the Russian Federation.

According to google definition:

Cryptocurrency is an electronic means of payment without a physical expression of form. The basic unit of measurement is "coins" or coins. They are used as traditional money, including storage, transfer to third parties, payment for goods or services.

Unlike an electronic wallet, a cryptocurrency is based on a complex cryptographic algorithm. The principle of operation of digital coins is based on an open data transfer protocol.

However, not everyone knows the fact that when buying a crypt, a person, being a bona fide purchaser, can become the owner of a crypt with a “criminal reputation”. This is the example we will consider above.