Blockchain Legal Regulations

【Abstract】: Bitcoin, as the first application of blockchain technology, has caused an uproar around the world. Although countries around the world have mixed reviews about the application of Bitcoin, they are highly affirmative of the value of blockchain technology. With the continuous development of blockchain technology, blockchain is gradually being applied to various industries. Blockchain technology, if applied properly, will surely cause major changes in various fields of entities. However, the characteristics of blockchain technology have led to the creation of new trust systems, transaction behaviors and methods that are completely different from traditional habits. Then, when new behaviors constructed by emerging technologies are different from or conflict with traditional laws, how to regulate them and how this regulatory approach requires the legal system to be improved is one of the core issues worthy of study. Actively studying and establishing sound legislation and supervision related to blockchain applications as early as possible is of extremely important theoretical significance and practical value for promoting the application of blockchain in all walks of life. In addition to the introduction and conclusion, this article mainly consists of four parts: The first part mainly introduces the basic concepts of blockchain, the basic characteristics of blockchain technology and blockchain applications. What distinguishes blockchain technology and applications are different concepts. Introduced in detail the concept of blockchain and the three stages of blockchain technology from its birth to the current development, and then analyzed the four major characteristics of blockchain technology: decentralization, anonymity, irreversibility, transparency and these characteristics outstanding performance. , and finally lists the main applications currently developed through blockchain technology and their impact and potential on the market and society.

The second part mainly analyzes the legal issues that exist or may be faced by blockchain applications based on the characteristics of blockchain technology, and then analyzes the challenges that the trading habits changed by these characteristics bring to the current legal system. Through the analysis of regulatory issues and the legal issues they cause, this chapter puts forward the following suggestions to solve the problems, and draws on foreign experience to form my country's blockchain laws and regulations, which serve as a link between the past and the future. The third part mainly summarizes and analyzes the current situation of foreign supervision. This paper introduces the current supervision practices of foreign blockchain applications in terms of establishing the nature and legal status of blockchain applications in various countries, clarifying the objects and obligations of supervision, competent agencies and institutional authority; and then analyzes the blockchain applications based on the above characteristics and issues. Perform analysis. Community autonomy and legal governance; Finally, combined with the current reality, it summarizes the regulations on virtual financial assets involved in the most popular blockchain applications. It is hoped that this article’s inductive analysis of the current regulatory policies in the United States, the United Kingdom, Malta, Japan, South Korea, Singapore and other countries can provide a reference for the study of my country’s regulatory system. The fourth part mainly provides suggestions for the supervision of the healthy and stable development of blockchain applications in my country based on the analysis of problems and combined with foreign theoretical and practical experience. It starts from five aspects: establishing legal status through legislation, determining regulatory objects and responsibilities, building a regulatory system, judicial protection of rights, and international cooperation. Among them, the access mechanism, legal responsibilities, and authority setting of regulatory agencies are elaborated in detail. The innovation points of this article include: first, there is almost no legal supervision literature in the field of blockchain application in China, and this article is innovative in terms of topic selection and field exploration; second, this article boldly imagines the relationship between "community autonomy" and "law", The blockchain industry is regulated by combining "governance" with the supervision methods of blockchain applications, and there are certain innovations in the supervision methods of blockchain applications; thirdly, regarding the access settings and participants of blockchain companies The discussion of judicial protection is of great significance and must be innovative. The main shortcomings of this article are: first, due to the author's limited foreign language proficiency, it is impossible to obtain foreign language research results. There is insufficient information; secondly, the relevant research on blockchain applications is mostly presented in a technical manner and is still being updated. Due to the author's cognitive limitations in this aspect of technology, the exploration of this article needs to be strengthened and in-depth in other aspects.

标签： #Block #Application #Regulation #Legal #Summary