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DIGITAL TRUST – LEGAL INNOVATION AND THE MANAGEMENT OF DIGITAL ASSETS
Abstract
This paper investigates the concept of digital trust within the broader context of public administration’s ongoing digitization, which calls for a critical reassessment of traditional legal frameworks. It examines the legal implications of digital trust, particularly in relation to emerging digital assets such as cryptocurrencies, Non-Fungible Tokens (NFTs), and virtual properties. The study highlights the limitations and gaps in Romanian legislation, offering a comparative analysis with jurisdictions that have already implemented regulatory mechanisms for digital trusts. Through this comparison, the paper identifies best practices and formulates proposals for the adoption of dedicated legal norms that would enable the responsible, secure, and lawful management of digital assets. These recommendations aim to ensure that Romania aligns with international standards and technological advancements. The author emphasizes the urgency of legislative reform, arguing that Romania must act swiftly to develop a modern legal framework capable of protecting its citizens in the digital age. The conclusion underscores the necessity of proactive governance to foster trust in digital systems and to safeguard rights and assets in an increasingly virtual environment. This approach is essential for maintaining legal certainty and public confidence in the face of rapid technological change.
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References10
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