UTC-05:00,Monday , December 09th 2019

IBM Legal Advisor: Defining Virtual Currencies At The Legal Level Is The Basis Of Regulation

12:21 Wednesday , December 04th 2019
According to the New Financial Review, LIU Yan, International Monetary Fund (IMF) legal advisor, said in an interview that when talking about digital currencies or other financial technologies, legal regulations are inevitable. What does it mean to have a stablecoin? What recourse does the holder have against the issuer? For example, what is the significance of the central bank issuing digital currencies? She believes that the definition of digital currencies at the legal level is the basis for regulation, because these digital currencies may be a means of payment, or a commodity, a deposit, or an investment tool. So the legal nature of digital currency will directly affect the regulatory model for these products or commodities.
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