- Tytuł:
-
Zjawisko Initial Coin Offering (ICO) w kontekście wybranych przepisów karnych: ustawy prawo bankowe, ustawy o obrocie instrumentami finansowymi i ustawy o ofercie publicznej
Initial Coin Offering (ICO) phenomenon in selected criminal law provisions: the Banking Law Act, the Financial Instruments Trading Act and the Public Offering Act - Autorzy:
- Pożaroszczyk, Dariusz
- Powiązania:
- https://bibliotekanauki.pl/articles/1062590.pdf
- Data publikacji:
- 2020
- Wydawca:
- Agencja Bezpieczeństwa Wewnętrznego
- Tematy:
-
kryptowaluty
bitcoin
ICO (Initial Coin Offering)
oszustwo
kryminalizacja na przedpolu
Cryptocurrencies
Bitcoin
fraud
criminalization - Opis:
- The new social phenomenon which appeared with regard to the creation of cryptocurrencies was analyzed in the article. This phenomenon is the so-called practice/process of Initial Coin Offering. ICO involves creating new cryptocurrencies or the so-called token which are further distributed to the purchasers in order to get funds for new investments. In the article it has been highlighted that, on the one hand ICO enables getting a lot of money in a short period of time, on the other hand, due to the lack of regulation ICO is prone to different scams and frauds. The fact that ICO can be used to deceive a lot of investors leads to the conclusion that it ought to be regulated. Because of the lack of regulations in existing legal system specifying the conditions and way of conducting ICO, the aim of the article was to answer the question whether there are regulations which enable de lega lata to sanction ICO. Article 286 of the Polish Criminal Code, Article 171, Section 1 of the Banking Law Act, Article 178 of the Financial Instruments Trading Act and Article 99 of the Public Offering Act were analyzed. They are basic criminal law provisions which are used to fight unlawful capital market funds gaining. Dogmatic analysis of the above-mentioned Articles conducted within the provisions of criminal law shows that in existing legal system the organizers of the ICO can be liable to prosecution pursuant to Article 286 of the Polish Criminal Code. When the process of ICO is not aimed at deceiving investors, the none-code criminal law provisions cannot be applied to the ICO organizers. The reason that the analyzed prohibited acts cannot be used is statutory framework. Cryptocurrencies acquisition and tokens distribution do not fulfill the criteria of a prohibited act. In the opinion of the author this is a huge loophole in legal system that ought to be closed by means of legislative revision.
- Źródło:
-
Przegląd Bezpieczeństwa Wewnętrznego; 2020, 12, 23; 153-175
2080-1335
2720-0841 - Pojawia się w:
- Przegląd Bezpieczeństwa Wewnętrznego
- Dostawca treści:
- Biblioteka Nauki
Artykuł