Cryptocurrency and the Consideration Conundrum: Does Crypto Have Legal Value under Contract Law?

被引：0
|
作者：
Giancaspro, Mark A. [1 ]
机构：
[1] Univ Adelaide, Law Sch, Adelaide, SA, Australia
来源：
JOURNAL OF BANKING AND FINANCE LAW AND PRACTICE | 2022年 / 33卷 / 01期
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D O I：
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中图分类号：
D9 [法律]; DF [法律];
学科分类号：
0301 ;
摘要：
Cryptocurrency is a flagship technology of the Fourth Industrial Revolution. Millions of crypto trades are occurring daily, with the global crypto market now having an estimated capitalisation of US$2.47 trillion. It was inevitable that cryptocurrency's compatibility with existing legal frameworks would be questioned, though close to no attention has been devoted to its inherent legal value. Without a sufficient measure of such value, it cannot be consideration to support a contract for its sale. This article argues that contract law principles do not comfortably recognise value in cryptocurrency and calls for the conception of a comprehensive and detailed regulatory framework to resolve this and other conundrums afflicting cryptocurrency.
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页码：3 / 20
页数：18
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