Thesis about legal framework of cryptocurrencies
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Crypto assets are a current topic that is given a lot to talk about and that involves several branches. Furthermore, the most important area to focus on is the legal fields. However, for a detailed analysis of the legal field, some economic aspects will also have to be covered. As it is a current issue, many legal aspects in the Private International Law, such as where to declare a sale or purchase through these cutting-edge technologies, are still undefined in many countries that are considered developed, who usually leave everything in the hands of the state, assuming that they will make the best decision for most citizens. As far as purely economic matters are concerned, Bitcoin is the best-known cryptocurrency of all and the one that is the best postulated to replace fiat money issued by central governments constantly and excessively. Bitcoin offers society a revolutionary, decentralized, deflationary, fast, and secure means of payment, thus improving many of the problems of current currencies. Even so, this revolutionary cryptocurrency will face numerous problems that will make its adoption as legal tender on a large scale and in the short term a difficult path.
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