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Article
The Vienna Convention on International Sales of Goods and the Bitcoin
Author(s)
Miklós Király
Full-Text PDF XML 709 Views
DOI:10.17265/1548-6605/2019.05.001
Affiliation(s)
Eötvös Loránd University, Budapest, Hungary
ABSTRACT
Cryptocurrencies like Bitcoin
may turn upside down not only the system of currencies but that of the
international trade. One of the most intriguing questions is how a currency,
like Bitcoin, intended to be used globally, can be inserted in the soundly
elaborated system of the Vienna Convention on International Sales of Goods (CISG). The paper focuses on
the following topics: the nature of Bitcoin, exchange rate fluctuation and
hardship, and the determination
of late payment interest.
KEYWORDS
Bitcoin, CISG, cryptocurrencies, international sales, trade
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