title: Cryptocurrencies and crypto-assets in the Italian and EU perspective
metadata.name: dc.contributor.author
metadata.value: Lener, Raffaele
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2022-08-12T13:21:20Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2022-08-12T13:21:20Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2022-03
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Lener, Raffaele. 2022. “Cryptocurrencies and crypto-assets in the Italian and EU perspective”. Vestnik of Saint Petersburg University. Law 1: 219–229.
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: https://doi.org/10.21638/spbu14.2022.112
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/37348
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: The article provides a first critical exam of the approach taken by EU Regulators and Courts
  regarding cryptoactivities. The purpose of this analysis is to see if a new European regulation
  on “encrypted” financial services will really be born. The analysis begins with the definition
  and regulation of Cryptocurrencies, the best of which are probably found in the opinions
  of supervisory and regulatory bodies. Italian courts dealing with this difficult subject show
  uncertainty among assets (beni), money (valuta), and financial products. Today the reflection
  of both Regulators and Courts is expanding from cryptocurrencies to the wider and even more
  indefinite area of the so-called crypto-assets. In this regard, the most recent and important
  element is given by the European Commission Proposal of September 24, 2020, concerning
  regulation of crypto-asset markets (Regulation on Markets in Crypto-assets, MiCA). The
  proposed regulation should apply to crypto-asset issuers, as well as to providers of crypto-asset
  services on the territory of the European Union. Also in this case, the definition of “cryptoasset”
  is crucial. New rules provide a fairly generic definition as “digital representations of
  value or rights that can be transferred or stored electronically using distributed ledger or
  similar technologies”. To obviate the vagueness of the definition, the only possibility seems
  to be moving by subtraction, i. e., listing a series of “tools” to which the proposed regulation
  does not apply, even though these may fall, in theory, in the broad definition of “crypto-asset”.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: en
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: Vestnik of St Petersburg University. Law;Volume 13; Issue 1
metadata.lang: -
metadata.name: dc.subject
metadata.value: financial markets
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: cryptocurrencies
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: crypto-assets
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: financial instruments
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: financial products
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: blockchain
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: distributed ledger technology
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: smart contracts
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: token
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: investor protection
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Cryptocurrencies and crypto-assets in the Italian and EU perspective
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 12.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/37348/1/12.pdf
resources.format: Adobe PDF
resources.size: 669,63 kB