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Title
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Mining of Cryptocurrencies: Analysis of Law Enforcement Practice and Problem Solving in Legal Regulation
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Author
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Svetlana Vladimirovna Muradyan, Natalia Vasilevna Mikhaylenko, Anna Vladilenovna Skachko, Yulia Aleksandrovna Ivanova, Elisei Sergeevich Rogachev and Elmir Nizamievich Alimamedov
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Citation |
Vol. 22 No. 11 pp. 529-534
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Abstract
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Despite the enormous popularity of mining around the world, that has been caused by quite objective reasons, there remains a dissonance in States¡¯ approaches to its legal regulation. One of the reasons is that the legal regulation of blockchain technologies in different countries goes completely different ways. In fact, mining is a process of generating cryptocurrencies, as a result of which a new suitable block of transactions is added to the blockchain, and coins are issued. In order to regulate such a process as mining, the legislator needs to create a holistic legal framework regulating the turnover of digital assets in the state.
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Keywords
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cryptocurrency, blockchain, proof of work, miner, mining pools.
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URL
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http://paper.ijcsns.org/07_book/202211/20221174.pdf
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