政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/135852
English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  全文笔数/总笔数 : 113313/144292 (79%)
造访人次 : 50948941      在线人数 : 979
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
搜寻范围 查询小技巧：
  • 您可在西文检索词汇前后加上"双引号"，以获取较精准的检索结果
  • 若欲以作者姓名搜寻，建议至进阶搜寻限定作者字段，可获得较完整数据
    •  进阶搜寻


    请使用永久网址来引用或连结此文件: https://nccur.lib.nccu.edu.tw/handle/140.119/135852


    题名: 虛擬貨幣之法律性質與監理規範
    Legal Theories and Supervision Norms of Cryptocurrency
    作者: 宋皇志
    Sung, Huang-Chih
    吳婕華
    贡献者: 科管智財所
    关键词: 虛擬貨幣;區塊鏈;監理;金融科技;首次代幣發行;證券型代幣發行
    Cryptocurrency;Blockchain;Supervision;Financial Technology;Initial Token Issuance;Security Token Offering
    日期: 2021-03
    上传时间: 2021-06-17 15:43:22 (UTC+8)
    摘要: 區塊鏈與虛擬貨幣之發明帶動金融科技之蓬勃發展，但也被少數有心份子利用做為犯罪工具，如何監管以在防弊與興利間取得平衡，成為法學研究之重要課題。從比較法觀點研析各國對虛擬貨幣之立場，輔以我國法制現況之研析，歸結出有效貨幣說、虛擬商品說、有價證券說及金融工具說等四種，本文傾向支持金融工具說。研析國際間對虛擬貨幣交易之監理方式，發現可以區分成：註冊許可制、不禁止但發布風險警示、以及明令禁止等三種，本文認為管制規範應明確讓業者有遵循依據。首次代幣發行係基於區塊鏈技術與虛擬貨幣之新穎籌資模式，國際上之監管可區分成全面事前核准制、區別事前核准制、未禁止但發布風險警示、及嚴格禁止等四種模式，建議我國採區別事前核准制，以是否具有證券性質為區分標準。最新發展之證券型代幣發行係以真實資產作為支持且滿足監管要求的數位憑證，是值得肯定的發展方向。
    The invention of blockchain and cryptocurrency prospers the development of financial technology while at the same time it has also been used as an instrument for crime by a minority. Hence how to regulate cryptocurrency and strike a balance between crime prevention and profits cultivation has become an important issue. This article analyzes the stances of various countries on the nature of cryptocurrency from a comparative aspect, concluding three major theories: ＂Valid Currency Theory＂, the ＂Virtual Commodity Theory＂, the ＂Securities Theory＂, and the ＂Financial Tool Theory＂, and elaborates in favor of the ＂Financial Tool Theory＂. This article further analyzes the supervision taken by different countries on the trade of cryptocurrency and summarizes three major types: supervision with the registration requirement, no supervision but warning risks, and complete prohibition. This article believes the regulations should be clearly stipulated to allow the industry to comply with it. As for an innovative funding method of blockchain and cryptocurrency - Initial Coin Offering (the ＂ICO＂), this article classifies the regulations among different countries into four types: complete approval requirement, segment approval requirement, no prohibition but warnings risks, and strict prohibition. This article proposes to apply the approval-required type to the country and to distinguish the cases by examining whether the natures of the ICO are similar to securities. Furthermore, this article introduces the newest developed Security Token Offering (the ＂STO＂), a digital certificate that uses actual assets for support and meets the requirements of regulations. This article believes that STO is a worth developing area for the regulation of cryptocurrency.
    關聯: 台北大學法學論叢, No.117, pp.133-212
    数据类型: article
    显示于类别:[科技管理與智慧財產研究所] 期刊論文

    文件中的档案:

    档案 描述 大小格式浏览次数
    135.pdf1993KbAdobe PDF2247检视/开启


    在政大典藏中所有的数据项都受到原著作权保护.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - 回馈