“去中心化”金融工具的法律风险控制——对比特币和首次代币发行(ICO)的行政监管与经济刑法调整  

Legal Risk Control on “Decentralized”Financial Tools Adjustments on Administrative Regulation and Economic Criminal Law of Bitcoin and Initial Coin Offering(ICO)

作　　者：张建新 谢杰 ZHANG Jianxin;XIE Jie(Koguan School of Law, Shanghai Jiao Tong University, Xuhui Shanghai 200030)

机构地区：[1]上海交通大学凯原法学院,上海200030

出　　处：《河南警察学院学报》2018年第3期93-102,共10页Journal of Henan Police College

摘　　要：近年来,以比特币为代表的"去中心化"金融工具依托区块链技术逐渐兴起。但现有的中心化的监管体系对于"去中心化"金融工具的风险控制还存在较多盲区。同样基于区块链技术的首次代币发行也因此造成了混乱局面。在简要介绍区块链技术基础上,厘清比特币和首次代币发行的风险,揭示比特币的法律属性,指出首次代币发行在包含比特币等数字支付手段的风险之外放大传统融资风险,提出行政监管模式和经济刑法规范的调整策略。In recent years,＂decentralized＂financial tools represented by Bitcoin developed gradually on a basis of block chain technology. However,the current centralized regulation system still has many blind zones for controlling the legal risks of＂decentralized＂financial tools. Thus ICO,which is also based on block chain technology,has lead to chaos. With a brief introduction of block chain technology,this paper tries to make a clarification of risks related to the Bitcoin and ICO and a definition of the legal natures of Bitcoin. It points out that ICO increases the traditional financing risks beyond the risks of digital means of payment containing Bitcoin. The strategy on adjustments of administrative regulation method and economic criminal law has been put on the agenda.

关 键 词：“去中心化” 区块链 比特币 首次代币发行 经济刑法 

分 类 号：D924[政治法律—刑法学]