CRYPTOASSET AND ITS PLACE IN THE MODERN CIVIL PARADIGM

Keywords: cryptocurrency, cryptoasset, virtual assets, bitcoin, means of payment, digital curren-cies/money, legal regulation of digital assets

Abstract

Introduction. The scientific article is devoted to certain aspects of the legal regulation of cryptocurrency assets. Cryptoassets, as a type of virtual/digital good, currently do not have a single comprehensive approach to a single vision of the place of this phenomenon in the modern legal paradigm.

Summary of the main results of the study. The issues covered in the scientific article are considered, including from the perspective of foreign legislative developments, which, taking into account the chosen vector of movement of our state, are considered a certain reference point for improving domestic legislation. The paper analyzes the determination of the place of crypto-assets/crypto-currencies among other related objects of digital technologies. The paper ana-lyzes the relationship of cryptocurrency/crypto-asset as a virtual/digital good with other similar related categories, in particular such as: digital things, electronic money and digital money (currencies). It is proposed to improve the definition of the generic concept of an object of the digital (virtual) environment through a digital (virtual) good that is created and exists exclusively in the digital environment, without narrowing its comprehensive content in terms of the possibility of having or, conversely, not having a certain property value, while a “virtual asset” or “cryptocurrency asset” can be considered as a good that directly in its content is a certain expression of value or a certain property right, taking into account the understanding of an “asset” precisely as an economic category. An assessment of the approach to the impossibility of cryptocurrency, as a virtual asset (good), to act as a means of payment is provided.

Conclusion. The scientific article is devoted to certain aspects of the legal regulation of cryptocurrency assets. Cryptoassets, as a type of virtual/digital good, currently do not have a single comprehensive approach to a single vision of the place of this phenomenon in the modern legal paradigm.

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Published
2025-12-30
Cited
How to Cite
Tsyban, A. (2025). CRYPTOASSET AND ITS PLACE IN THE MODERN CIVIL PARADIGM. The Journal of V. N. Karazin Kharkiv National University. Series Law, (40), 149-154. https://doi.org/10.26565/2075-1834-2025-40-15
Section
Civil law and civil proceedings; family law; international private law