Implementación de las criptomonedas en el Ecuador, propuesta de normativa de regulación legal.

Abstract

This paper seeks to show that in Ecuador we do not currently have a regulation on cryptocurrencies, because there is a great lack of knowledge about them. Countries such as El Salvador, United States, Colombia, have issued special legislation that seeks to control in a more organized way the use, distribution and acquisition of goods or services through them. Currently, the General Manager of the Central Bank of Ecuador, economist Guillermo Avellán Solines, mentioned that they are working hard to formulate a regulation on the use of cryptocurrencies in Ecuador because several countries already have regulations to prevent the misuse of cryptocurrencies. In order to understand the complexity of the research, there are around 700 cryptocurrencies in the market, among which stand out: Bitcoin, Litecoin, Dogecoin, Ethereum, among others, but something that is necessary to understand is that cryptocurrencies to fulfill their purpose, are united through blockchain or chain of encrypted blocks, which seek to prevent transactions from being carried out without the authorization of the person who owns them.