Brief analysis related to the exchange of cryptoassets Bitcoin „forks“ Cover Image
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Кратък анализ свързан с обмяната на криптоактивите Биткойн „вилици“
Brief analysis related to the exchange of cryptoassets Bitcoin „forks“

Author(s): Rosen Baltov
Subject(s): Law, Constitution, Jurisprudence, Criminal Law, Civil Law, International Law, Law on Economics
Published by: Съюз на юристите в България
Keywords: cryptocurrency; security; exchange; exchanges; compensation; insurance; crypto market; Europe; regulation; „MiCA“; bitcoin „fork“; blockchain; transaction

Summary/Abstract: This article aims to make a brief analysis related to the exchange of cryptoassets, covering the maintenance of the security system, their acquisition and their storage. The article discusses the “over-the-counter” trading of crypto-assets, as well as their acquisition through trading on the exchange. Particular attention is paid to the deposit of cryptoassets on the exchange and the risks associated with “hacking” and/or its bankruptcy. The possibilities for compensation in these cases are indicated. The rules for exchanging crypto assets in Europe with the adoption of the MiCA regulation on 31.05.2023, which completely changes the situation with the crypto market at the European level, are briefly stated. The second part of the article discusses the so-called Bitcoin “forks” related to the change in the set of rules of the original software (Blockchain) to develop a new version of it (new Blockchain). A brief definition of the existing types of “forks” is given.

  • Issue Year: 2024
  • Issue No: 2
  • Page Range: 59-74
  • Page Count: 16
  • Language: Bulgarian