PRAVNI OKVIR KRIPTOVALUTA U SAD, EU I BIH
LEGAL FRAMEWORK OF THE CRYPTOCURRENCIES IN THE USA, EU AND B&H

Summary/Abstract: The COVID-19 virus pandemic had a number of negative consequences for the global economy, but in the during the course of pandemic facilitation of trade emerged, which with its way of working can be good tool to facilitate global business. The cryptocurrency market was initially highly undervalued but now it presents a threat to monetary systems around the world. The big problem of current market regulations is uneven state norms on the one hand and a very simple and fast transaction system on the other hand which does not require central authority in terms of transaction security but relies exclusively on cryptography. Regulating the cryptocurrency market would primarily protect the interests of participants in the digital market and can be achieved through the establishment of common norms at the global level. The paper provides an overview of the legal framework of cryptocurrencies with a comparative analysis of proposed changes in the United States, the European Union and Bosnia and Herzegovina.

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