Mining is a Legal Category
- 10.2991/assehr.k.200321.111How to use a DOI?
- mining, digital financial assets, economy and management of national economy, cryptocurrency, blockchain, bitcoin, currency, detection
Mining is a new complex economic and legal technology and at the same time a new type of human activity in the economic sphere, which is not a business activity. In this regard, it seems that mining should not be subject to taxation, does not involve specialized state legal regulation (licensing, control, etc.), can not be considered in the absence of registration as an illegal business and does not entail other negative consequences from the implementation of such actions. For the first time in the scientific literature, the definition of “mining” is considered, taking into account its two main components: information and legal. In contrast to the definition of “mining”, formulated in the draft Federal law “on digital financial assets”, the mention of electricity consumption was excluded, because in reality there are other types of mining, which are problematic to detect on a consistently high level of energy consumption per system.
- © 2020, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - A.M. Zatsepin AU - O.V. Filippova AU - M.V. Permyakov PY - 2020 DA - 2020/03/24 TI - Mining is a Legal Category BT - Proceedings of the XVII International Research-to-Practice Conference dedicated to the memory of M.I. Kovalyov (ICK 2020) PB - Atlantis Press SP - 192 EP - 196 SN - 2352-5398 UR - https://doi.org/10.2991/assehr.k.200321.111 DO - 10.2991/assehr.k.200321.111 ID - Zatsepin2020 ER -