Establishment of a Digital Court to Resolve International Disputes Peacefully in Cryptocurrency
Authors
Leila Abdollahzadeh Ramhormozi
Lecturer and Ph.D. in Economics, International Orientation, Islamic Azad University, Isfahan Branch (Khorasgan), Master of International Law, Payame Noor University, Semnan Branch, Talented Member of the Researchers and Elites Club of Islamic Azad University, North Tehran Branch, Iran
Mohammad Mehdipour
Assistant Professor of Law and Faculty Member of Islamic Azad University, Ilam Branch, Iran
Massoud Alizadeh
Assistant Professor of Law and Faculty Member of Payame Noor University, Semnan Branch
Cryptocurrency is a type of electronic money designed to eliminate intermediaries and anonymity for greater security. This currency is defined as a currency or Internet-based exchange intermediary that has similar characteristics to physical money. However, it transfers capital transactions instantly and without boundaries between individuals. The popularity of digital currency has led the legislatures of the research centers of central banks and jurisprudential centers of many countries to study its dimensions and use it in the economy, of course, Iran is no exception. According to experts, crypto currencies can perform the functions of traditional money and electronic money in the economy in the real world. As far as it seems, this money does not contradict Islamic principles and Sharia law. Therefore, as an accepted digital currency, it faces challenges and problems that must be turned into a reliable tool in exchanges with careful monitoring and appropriate regulations. Thus, crypto currencies have become a haven for people and businesses to hide their illegal activities such as gambling, selling counterfeit goods. Therefore, in this study, the legal issues of crypto currencies are examined by analyzing current and international laws, the advantages and disadvantages of crypto currencies, the conceptual framework of crypto currency policy and then the creation of a digital court to resolve disputes in this area as one of the possible solutions for the future of crypto currencies is suggested.
