The legal nature of crypto assets and cryptocurrencies

Abstract

In the current context of scientific and technological development, many studies concluded that crypto assets and cryptocurrencies have sufficient characteristics to be considered as new types of assets, while some studies concluded the opposite. Clearly defining the legal nature of crypto assets and cryptocurrency is an important step in building an effective and suitable legal framework for this type of property. The article discusses the history and some basic theoretical issues of crypto assets and cryptocurrencies. In this article, the author demonstrates that crypto assets and cryptocurrencies have the characteristics of property rights and can be recognised as properties. However, Vietnam can only recognise crypto assets and cryptocurrencies as properties once the challenges that come from the unique characteristics of this object are solved.