English abstract
The technical revolution has reached its maximum level in this time, it was
not limited to special domain without another؛ even included the money itself. In
the first decade of the new millennium, intangible money appeared that came in a
virtual image that were not known before! Rather, it is issued in a decentralized
manner by individuals, and it was called Cryptocurrencies. With fundamental
change in the global financial system, many problems raised, and the legal level
was no exception. What is the legal status of these currencies? are the laws
prepared to deal with them? What is the ruling on its transactions? This study came
as part of this legal activity to provide a research benefit to those working in the
law, as well as enlightening those who deal with them about their legal rulings. The
study was divided into an introductory research and three chapters. The
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introductory research dealt with the stages of the historical development of money
until the emergence of Cryptocurrencies, the first chapter took about the explanation
of their concept along with the types and characteristics of these currencies. As for
the second chapter dealt with talking about their legal nature. Finally, the third
chapter discussed the provisions of cryptocurrencies according to the Omani Civil
Transactions Law. The most important results of the study are that most types of
cryptocurrency transactions do not comply with the provisions of the Omani Civil
Transactions Law in terms of being based on uncertainty and grave ignorance,
gambling and betting, or on usurious benefits. The most important
recommendations of this study were the need to form the committee by national
legislator concerned with preparing an integrated study on these currencies and
discussing all their aspects in order to find appropriate legislative solutions for them.
