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Selected Aspects of Bitcoin and Its Implications from the Standpoint of the Law and Economics
Szewczyková, Julie ; Vybíral, Roman (referee)
SELECTED ASPECTS OF BITCOIN AND ITS IMPLICATIONS FROM THE STANDPOINT OF THE LAW AND ECONOMICS Abstract Bitcoin is one of the best-known examples of a decentralized convertible cryptocurrency based on blockchain technology. The diploma thesis deals with the main aspects of bitcoin and bitcoin payment networks in complex economic analysis based on the use of standard economic apparatus. The economic analysis is backed by a thorough and relevant legal research. The main goal of the diploma thesis is complex economic and legal analysis of bitcoin. In economic analysis, the emphasis is put on the use of supply-demand analysis, which outlines the basic factors affecting supply and demand for bitcoins. Based on a clear delineation of these factors, the thesis is able to analyse specific aspects of bitcoin. Diploma thesis analyzes the impacts of decentralized setting, as well as risks associated with anonymity of users, crime in connection with bitcoin, time delays in transaction verification, technical and energetic demands on mining, high transaction costs and internet connection needs. Each of these aspects is compared to existing payment institutions or systems. The thesis also examines the legal regulation of bitcoin. Due to the absence of a complex legal regulation, the diploma thesis tries to apply the...
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Bitcoin from the perspective of law and economics and its implications
Szewczyková, Julie ; Chytilová, Helena (advisor) ; Dupáková, Lenka (referee)
SELECTED ASPECTS OF BITCOIN AND ITS IMPLICATIONS FROM THE STANDPOINT OF THE LAW AND ECONOMICS Abstract Bitcoin is one of the best-known examples of a decentralized convertible cryptocurrency based on blockchain technology. The diploma thesis deals with the main aspects of bitcoin and bitcoin payment networks in complex economic analysis based on the use of standard economic apparatus. The economic analysis is backed by a thorough and relevant legal research. The main goal of the diploma thesis is complex economic and legal analysis of bitcoin. In economic analysis, the emphasis is put on the use of supply-demand analysis, which outlines the basic factors affecting supply and demand for bitcoins. Based on a clear delineation of these factors, the thesis is able to analyse specific aspects of bitcoin. Diploma thesis analyzes the impacts of decentralized setting, as well as risks associated with anonymity of users, crime in connection with bitcoin, time delays in transaction verification, technical and energetic demands on mining, high transaction costs and internet connection needs. Each of these aspects is compared to existing payment institutions or systems. The thesis also examines the legal regulation of bitcoin. Due to the absence of a complex legal regulation, the diploma thesis tries to apply the...
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Application of the Leniency Programme before the Office for The Protection of Competition from 2013 to 2016
Szewczyková, Julie ; Vostrovská, Zdenka (advisor) ; Pekárek, Štěpán (referee)
In 2013 Act on the Protection of Competition was amended and there was added a section § 22ba on direct application of the leniency programme. Following the amendment the Office for the Protection of Competition published a new version of the leniency programme. This Bachelor thesis focuses on deeper analysis of the historical development of the programme in the European and Czech environment. The main basis of this work is to analyse the changes that have led to more successful application of the leniency programme in proceedings before the Office. Since 2013 the Office has recorded two-times increase of applications for waiver or reduction of fines which arises from better legal certainty of the applicants. The Office in its proceedings systematically violates the Administrative Procedure, prolongs proceedings inefficiently and in some cases it even significantly exceeds a specified time limited period for issuance of acts. The thesis presents the use of the leniency applications on several specific law cases.
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