Legal approach to bitcoin and its comparison with the stock market

Bitcoin is a type of virtual currency and digital currency whose produc tion is the result of time-consum ing computi ng activiti es that can be trad ed like stocks or coins, and the result of this trade is the creation of a type of financ ial credit that the holder can Buy the device and use it to fulfill its obligations. Legal problems and non- recognition of bitcoin is due to the lack of a central issuing body and its digitali ty. In this way, bitcoin transactions are done with out the need for in termediaries and Trans actio ns do not require centralized instituti ons such as banks or other in stituti ons. This research has exami ned the law of Iran and several other countries with a descr i p tive-analy tical method.Key words: digital currency, mon ey, stock excha nge, securi ties, capital mark et