Review of Legal Solutions for Mining and Trading of Digital Currencies: Legal Gaps and Solutions

Mining and trading of digital currencies are required new considerations in domestic and international law. Rapid growth and economic competition in a different financial environment, which questions the existing banking structures, has led to a general tendency towards this issue. Today, the number of digital currencies is increasing. However, establishing uniform rules for e-commerce in all countries and international organizations seems to be a complex and voluminous task, and its impossibility is closer to reality. It is crucial to study national and international laws and regulations on this issue, indicating the existence of legal gaps in this area and solutions. The review of this emerging issue based on the practical and powerful technology in e-commerce should be considered to provide effective solutions. While examining the legal opportunities and capacities of extracting and trading virtual and digital currencies such as Bitcoin, this study concluded that the current situation of virtual currencies is facing domestic and international legal gaps. Finally, it required some solutions and suggestions to fill those gaps.