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E-cash, bitcoins, cybercoins and cryptocurrency

E-cash, bitcoins, cybercoins and cryptocurrency baffo

E-cash, bitcoins, cybercoins and cryptocurrency

E-cash, bitcoins, cybercoins and cryptocurrency

The use of e-cash, cybercoins and cryptocurrency is spreading exponentially in communications companies. These are mainly based on technology known as distributed ledger technology.

Some advantages of using cryptocurrency seem very clear, while some potential still remains unexpressed, such as the advantages regarding crypto equity crowdfunding, the use of smart contracts, the protection of confidentiality of personal data and the possibility of using cryptocurrency in micropayment systems.

The most famous of these currencies is certainly the Bitcoin, which currently holds a market share of 90%, comprising around EUR 5 billion in outstanding virtual currency. With its resolution dated 26 May 2016 on virtual currencies, the European Parliament aimed to provide a regulatory framework for cryptocurrency, recommending that the Commission draw up a comprehensive analysis of virtual currencies and, on the basis of this assessment, consider, if appropriate, revising the EU legislation on payments, in light of the new possibilities afforded by these new technological developments.

Perani Pozzi Associati provides assessments of legal aspects of Bitcoins, cryptocurrency and all types of virtual currencies. The firm also assists banks and credit institutes, as well as consolidated companies and start-ups that intend to fully or partially base their business models on these instruments.