ANALYSIS OF THE IMPLEMENTATION OF OBLIGATIONS WITH CRYPTOCURRENCY FROM THE PERSPECTIVE OF AZERBAIJANI LAW
Journal Title: Scientific Work - Year 2023, Vol 17, Issue 4
Abstract
Abstract With the development of technology, the attractiveness of the digital tools, such as cryptocurrencies is also increasing. Increase in the number of cryptocurrency owners leads to the debates on what type of property cryptocurrency is or general legal status of cryptocurrency. In this regard, some of the questions open to debate are: Whether cryptocurrency can be used as a security for the performance of contractual obligations and if yes, what type of a security would a crypto-collateral be. Uncertain legal status of a cryptocurrency as a digital “asset” could automatically direct us to the conclusion that it is not possible to use it as a collateral, however when researching the civil legislation of Azerbaijan, it seems that this conclusion is not as obvious as one might think. This article analyzes the possibility of using the cryptocurrency as a collateral under the civil legislation of the Republic of Azerbaijan and relevant legal issues around it.
Authors and Affiliations
Mahammad Safarli
Keywords
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- EP ID EP754797
- DOI 10.36719/2663-4619/89/236-240
- Views 36
- Downloads 0
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