금융투자 자산으로서 가상화폐 규제에 관한 연구

This paper discusses the regulations of many countries in which cryptocurrency is recognized as a financial asset. Bitcoin, a cryptocurrency introduced in 2009, has been increasing its share in the alternative currency market. However, its reception in the international market has been varied. In this light, comparing the regulations of different countries is meaningful, for each country has a different point of view regarding the emerging technology. For these reasons, this paper compares the different viewpoint of many countries and the consequent regulations. The United States acknowledged cryptocurrency as a tangible asset liable for taxation while China prohibited all cryptocurrency-related businesses. Korea is looking for ways to minimize side effects of cryptocurrency in the form of monitored transaction. European Union made cryptocurrency trading platforms and e-wallet service providers a subject to the anti-money laundering law and forced suspicious transactions to be reported to the related government agencies for customer protection with the fourth amendment of European Commission. This paper suggests countermeasures, from clarifying the definition of cryptocurency, establishing the corresponding taxation system, promoting international cooperation, increasing the volume of cryptocurrency used in actual purchasing activities, increasing awareness of the difference between legal tender and cryptocurrency, changing viewpoint regarding cryptocurrency, to finding healthy cryptocurrency with development requirements. These countermeasures will help lift regulations and promote the market.