Abstract:

With the 1789 French Revolution, the essence of the sovereignty power, which is the source of legitimacy of the modern state, was not touched, and this power was taken from the monarchy and given to the nation as a single root change (MARCHS, 2006:236). After the revolution, the modern state was identified with the nation-state. While until the second quarter of the 20th century there was no serious need for transformation and change in the nation-state perception, since the 1980s the increasing impact and consequences of globalization in the political, economic and cultural field spread to the whole world; the nation-state sovereignty has occurred and has transformed it. Bitcoin has become an example of the use of new payment systems in e-commerce with the wider use of the Internet. The problem in Bitcoin’s particularity is so multi-dimensional that it cannot be reduced to the relationship of virtual currencies alone with the sovereignty of the state. As the use of Bitcoin has gained popularity, the problem related to the identification of Bitcoin and the Block-Chain (Block-Chain) technology behind Bitcoin appears to be in touch with areas such as the government’s power to print money, monetary policies, taxation authority, and the fight against terrorism and illegal activities.

Keywords: