Research on the Legal Risks of Digital Currency in the Big Data Environment

Abstract

With the widespread application and growth of blockchain technology, cloud computing, and big data analytics in the financial industry, digital currencies have emerged. However, relevant regulations specifically targeting digital currencies have not been officially promulgated yet. In the process of promoting digital currencies, legal risks such as unclear boundaries of compensation liability, unclear ownership, potential privacy breaches, and financial regulatory challenges still need to be overcome. Therefore, it is essential to prioritize the prevention and management of legal risks associated with digital currencies in the big data environment, ensuring the smooth circulation and use of digital legal currencies across regions and promoting the internationalization and legalization of China’s digital legal currencies.