Lunchtime Seminar - Bitcoin & the law – selected legal issues of cryptocurrencies
The use of cryptocurrencies, like Bitcoin, is steadily growing. Bitcoins are used in e-commerce to purchase both legal and illegal goods, they are transferred and traded, and investors have brought a significant amount of capital to this virtual currency. While the technical aspects of the system are meanwhile well established, many legal questions remain open. Particularly, the de-central organization of the peer-to-peer network makes it difficult to apply existing law. The talk gives an overview of selected legal issues concerning Bitcoins under civil, criminal, and regulatory law. It points out possible solutions approaches and remaining research gaps.
Paulina Pesch is a post-doctoral researcher in the IT Security Research Group of the Department of Information Systems. She coordinates the BITCRIME consortium, which develops innovative approaches toward effective investigation and prevention of crime with cryptocurrencies. Paulina studied law with focus on information, telecommunication and media law at the University of Münster and is particularly interested in the interface between IT and law. Her dissertation dealt with the treatment of cryptocurrency transactions under German contractual law.