The impact of digital assets on traditional concept of property law
The emergence of digital assets necessitates a redefinition of the traditional concept of property rights. Since digital assets exist solely in virtual form, they do not fit within the traditional definition of an "object" in property law, thereby raising numerous questions related to acquisition, possession, and the protection of property rights. The absence of a clear legislative framework and imprecise terminology generate legal uncertainty, while the dynamic development of blockchain technology and decentralized financial instruments further emphasizes the need to adapt existing legal institutions to new forms of digital assets. This paper analyzes the legal nature of digital assets and their relationship to contemporary property law categories, aiming to highlight the necessity of redefining the concept of ownership in the digital context in order to preserve legal certainty and ensure adequate protection for market participants.
Authors
- Goran Milojević (ORCID: https://orcid.org/0000-0003-3752-9883)
Publication Details
- Published
- 2025-01-01
- DOI
- https://doi.org/10.5937/pdsc25535m
- Primary Topic
- Security, Politics, and Digital Transformation
- Type
- article
- Field-Weighted Citation Impact
- 0.00