Research on Financial Characteristics and Judicial Precedents of Non-fungible Tokens

WU Yi-kai; LI Guo-an; WANG Jian-xuan

Volume 38 Issue 3

May 2023

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Article Navigation > Journal of Guangdong University of Finance & Economics > 2023 > 38(3): 98-112

WU Yi-kai, LI Guo-an, WANG Jian-xuan. Research on Financial Characteristics and Judicial Precedents of Non-fungible Tokens[J]. Journal of Guangdong University of Finance & Economics, 2023, 38(3): 98-112.

Citation:

WU Yi-kai, LI Guo-an, WANG Jian-xuan. Research on Financial Characteristics and Judicial Precedents of Non-fungible Tokens[J]. Journal of Guangdong University of Finance & Economics, 2023, 38(3): 98-112.

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Research on Financial Characteristics and Judicial Precedents of Non-fungible Tokens

1.
Law School, Xiamen University, Xiamen 361005
2.
School of Economics, Guangdong University of Finance and Economics, Guangzhou 510320, China

Received Date: 2023-01-09
Available Online: 2023-07-07
Publish Date: 2023-05-28

Abstract

Abstract

As the deepening application of blockchain technology, NFT (non-fungible token) not only guarantees the trust benefit and data rights between users through technology, but also builds a value system different from traditional financial assets. The business development and transaction data of crypto assets represented by NFT in the global market continue to expand, and the global digital economy and financial governance pattern is also in the process of reshaping. However, the attributes of NFT have not been unanimously recognized within and outside the domain. By identifying the differences between NFT and traditional financial assets in pricing mechanism, transaction mode, risk and other aspects, and examining the possibility of the conversion of attribute identification between crypto assets and financialization from the global judicial judgment, it is pointed out that the identification of NFT attributes should be considered from the aspects of asset characteristics, platform mode, holder elements, and judicial suggestions that are different from identification rules for traditional financial assets case.
- NFT,
- digital finance,
- financial justice,
- crypto asset,
- securitization

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References(41)

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