Porting the Pay with a (Group) Selfie (PGS) Payment System to Crypto Currency

2017 ◽  
pp. 159-168 ◽  
Author(s):  
Ernesto Damiani ◽  
Perpetus Jacques Houngbo ◽  
Joël T. Hounsou ◽  
Rasool Asal ◽  
Stelvio Cimato ◽  
...  
Keyword(s):  
Payment System ◽  
Crypto Currency

scholarly journals Perspective Methods of Regulating Crypto-Currency Based on Blockchain Technologies in the Modern Economy

2018 ◽  
Vol 3 (2) ◽  
pp. 355
Author(s):  
Fedorov N.M.
Keyword(s):  
Financial Market ◽  
Financial System ◽  
Payment System ◽  
New Approach ◽  
Modern Economy ◽  
Advanced User ◽  
Crypto Currency

Nowadays almost every advanced user who pays a little attention to the development of the financial market aware of crypto currency. The novelty of this technology, due to its features such as transparency and decentralization, has demonstrated a completely new approach to the notion of a payment system. But at the same time, this development has brought problems, that may pose a threat both to the financial system and to the AML / CFT sphere. In this article, I propose to consider on one of the most effective, in my opinion, method of regulation in order to eliminate the shortcomings – blockchain.

PROSPECTS FOR THE DEVELOPMENT OF THE LEGAL MECHANISM FOR THE FUNCTIONING OF PAYMENT SYSTEMS

2020 ◽  
Vol 13 (3) ◽  
pp. 079-084
Author(s):  
ELIZAVETA SALINA ◽  
Keyword(s):  
Legal Framework ◽  
Legal Regulation ◽  
Payment System ◽  
State University ◽  
Payment Systems ◽  
Proper Functioning ◽  
Money Transfer ◽  
Level Of Significance ◽  
Transfer Services ◽  
Legal Mechanism

1 Lomonosov Moscow State University, Moscow, Russia The presented research reveals an approach to the construction of a legal mechanism for the functioning of payment systems. The proposed approach is based on the application of the principles of legal regulation. The purpose of a work is to determine the existing legal mechanism for the functioning of payment systems, identify its drawbacks and propose a new approach to legal regulation to ensure the proper functioning of payment systems. The proposed approach to legal regulation takes into account the specifics of the functioning of payment systems, which consists in the presence of three elements in its activities: institutional, procedural and organizational. These elements reflect the subject structure of the payment system, the process of providing money transfer services by them, and the ways in which payment system entities interact during providing payment services. Each of the elements must be defined within the legal framework of the payment system to ensure its proper functioning. The proposed principles of legal regulation take into account the features of these elements, in particular, the principles are classified into three groups, depending on the element they affect. The paper describes ways to implement the principles in the legal mechanism: the possibility of their direct application, depending on the type of significance of the payment system, is analyzed. It is also concluded that the implementation of the principles in the legal mechanism will reduce the regulatory burden on payment systems by using an approach depending on the level of significance of the payment system. The paper defines the role of the principles, which is that the principles allow to eliminate the legal gaps in the legislation on the national payment system, and prevent the emergence of new gaps.

Factor Influencing to Users Acceptance of Digital Payment System

2018 ◽  
Vol 06 (09) ◽  
pp. 46-50
Author(s):  
M. Dadhich ◽  
M. S. Pahwa ◽  
S. S. Rao
Keyword(s):  
Payment System

The Legal Status of Cryptocurrencies in the Russian Federation

2018 ◽  
Vol 11 (2) ◽  
pp. 129-137 ◽  
Author(s):  
E. L. Sidorenko
Keyword(s):  
Civil Rights ◽  
Russian Federation ◽  
Legal Status ◽  
Virtual Currency ◽  
Content Analysis Method ◽  
Crypto Currency ◽  
The Subject ◽  
The Russian Federation ◽  
Historical Comparative ◽  
Definition Of

The paper focuses on the definition of the legal status of the cryptocurrency in the framework of the current Russian legislation. The subject of the research is the principal scientific and practical approaches to determining the object of civil rights and the object of acquisitive crimes in terms of their adaptability to cryptocurrencies. The purposes of the work were the search for a universal algorithm for resolving civil disputes related to the turnover of the crypto currency, and the qualification of the virtual currency theft (fraud). By using historical, comparative legal and dialectical methods as well as the content analysis method parallels between cryptocurrencies and individual objects of civil rights (a thing, property rights, other property) were drawn, and a number of options for qualifying the actions related to the non-repayable withdrawal of the cryptocurrency were proposed. Finally, the paper analyzes the draft laws prepared by the RF Ministry of Finance and the Central Bank of the Russian Federation and presents the author’s vision of the prospects for legalizing the cryptocurrency as an object of civil rights.

Crypto Currency as Subject of Unlawful Gain

2019 ◽  
Vol 2019 (1) ◽  
pp. 7-20
Author(s):  
Vasyl Kozii ◽  
Keyword(s):  
Crypto Currency
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