METHOD FOR TRADING CRYPTOCURRENCIES

Abstract

A method for trading cryptocurrencies in a vehicle involves providing the vehicle with a control module for trading in the cryptocurrencies. The control module checks each desired trading action based on stored and/or retrieved information relating to local legal provisions. Only legally compliant trading actions are permitted.

Claims

1-10. (canceled)

11. A method for trading cryptocurrencies in a vehicle, the method comprising: receiving, via an input/output interface of the vehicle, a request to trade a cryptocurrency; checking, by a control module of the vehicle based stored or retrieved information relating to local legal provisions for trading cryptocurrencies, whether the request to trade the cryptocurrency complies with the local legal provisions for a current location of the vehicle, wherein the request to trade is transmitted over an internet connection only when the request to trade the cryptocurrency complies with the local legal provisions for a current location of the vehicle

12. The method of claim 11, further comprising: retrieving, via a communication unit of the vehicle, the local legal provisions for the current location of the vehicle from a back-end server.

13. The method of claim 12, the retrieved local legal provisions are stored and are updated responsive to changes in the local legal provisions or when the vehicle crosses a border between countries.

14. The method of claim 11, wherein the local legal provisions are preset and stored according to a destination country in which the vehicle is delivered.

15. The method of claim 14, further comprising: determining that the vehicle is crossing a border from the destination country to another country; retrieving locally applicable legal provisions for the another country; and replacing the preset local legal provisions with the retrieved locally applicable legal provisions for the another country.

16. The method of claim 11, wherein the communication unit encrypts communications that cannot be read by a user of the vehicle.

17. The method of claim 14, wherein the local legal provisions are stored in an encrypted form that cannot be read by a user of the vehicle.

18. The method of claim 11, wherein a user of the vehicle is informed of trade that is rejected for not complying with the local legal provisions for a current location of the vehicle.

19. The method of claim 18, wherein, responsive to the trade being rejected for not complying with local legal provisions, the method further comprising: determining that the trade complies with local legal provisions for a country neighboring the country in which the vehicle is located; and outputting a route to the country neighboring the country in which the vehicle is located.

20. The method of claim 11, wherein, for a user requesting the trade, the user's trading actions are managed in a personalized manner on a back-end server, wherein the user is informed regarding legal changes to the user's trading actions.

Description

BRIEF DESCRIPTION OF THE DRAWING FIGURES

[0017] Further advantageous configurations of the method according to the invention will also become clear from the exemplary embodiment which is described in more detail below with reference to the figures.

[0018] Specifically:

[0019] FIG. 1 shows a schematic representation of a vehicle viewed from the inside; and

[0020] FIG. 2 shows a schematic detail of a map.

DETAILED DESCRIPTION

[0021] In the illustration in FIG. 1, a vehicle 1 is shown, purely by way of example, from the perspective, for example, of a person driving the vehicle. In addition to a steering wheel 2, a multifunction unit 3 is shown here, which has, for example, a touchscreen 4 as an input/output interface 4. The touchscreen 4 can be used, for example, to control a media service or also a navigation system (not explicitly shown here) implemented in the vehicle. It is also the case that cryptocurrencies can be traded via the touchscreen 4 as input/output interface. A user of the vehicle 1 can communicate via the multifunction unit 3, which has a communication unit 5 with the Internet 6, exemplified here as a cloud, and can thus trade in cryptocurrencies, among other things.

[0022] The illustration in FIG. 1 shows a purely exemplary module for trading cryptocurrencies, such as Bitcoin, Ethereum, Ripple, Litecoin, EOS, or similar. A corresponding trading platform can be selected for this, for example Kraken, Binance, Bitfinex, or similar. Such a platform is shown purely as an example. The user can evaluate various trading actions, for example buying and selling certain cryptocurrencies, participating in initial offerings of cryptocurrencies of various types, for example ICO, STO, IEO or the like. In the context of a purchase or sale, different order types, for example market, limit, stoploss or similar, can be selected in a known manner, as is usual on such platforms. Order books (Asks, Bits, Spread) for a previously selected trading pair of cryptocurrencies can also be displayed on such a trading platform and executed as trading actions, wherein the display can take place, for example, in a display form aggregated to a certain number of decimal places. As also shown on the touchscreen 4 in the representation of FIG. 1, a price trend of the cryptocurrency on the trading platform can be called up as a diagram or the history of the most recent trading actions on particular trading platform can be called up in a manner known per se. Via a correspondingly secure system, the trading actions or transaction requests are then executed accordingly via the APIs of the selected trading venue and the user is shown a corresponding confirmation of his purchase, sale or the like.

[0023] The user logs in to a central trading platform, for example, using a username and password. In order for his vehicle to participate in trading, the vehicle can then generate a wallet corresponding to the corresponding currency and display it to the driver, so that the transactions, which typically take place directly via a blockchain, can be realized from the vehicle.

[0024] As already mentioned at the outset, different legal regulations apply in different countries, in principle for trading with cryptocurrencies as such as well as specifically for trading with certain cryptocurrencies and for participation in certain initial offerings, such as ICO, STO or IEO. The illustration in FIG. 2 therefore shows an exemplary map on which three countries A, B and C are marked accordingly. In the embodiment example shown here, it should be the case that in country A there are virtually no restrictions on trading, while in country B there are restricted trading possibilities, so that, for example, certain types of initial issues are not permitted for participation in country B, while trading in cryptocurrencies per se, i.e., for example buying or selling the cryptocurrencies, is perfectly permissible. Country C has the strictest restrictions; in this country, for example, trading in certain cryptocurrencies may be completely prohibited.

[0025] The driver of the vehicle 1, by way of example, is now in the driver's hometown, designated I, in country C. For example, the driver wishes to trade a cryptocurrency that is not approved for trading in his country. It may be that the driver does not know this, as the regulations are very complex and vary greatly for different trading actions depending on the country. Furthermore, it is the case that the legislation on trading cryptocurrencies is in constant flux and changes very frequently. If the driver now tries to carry out the desired trading action, for example to buy a certain cryptocurrency, then a control module 7 comes into play, which filters and checks the desired trading actions for their legality. Such a trading action that does not comply with the law in country C would be restricted accordingly via the control module 7. This can be achieved, for example, by querying the location of the vehicle 1 via a GPS module 8, and the corresponding legal regulations, in this case those of country C, are taken into account in the filtering by the control module 7.

[0026] In principle, various possibilities are provided for this. The control module 7 can, for example, retrieve the current legal regulations from a backend server 9 via the communication unit 5. The communication is encrypted via a crypto key, for example, and is not accessible to the user, so that no manipulation can take place here, at least not with reasonable effort and not with a level of effort expendable by conventional users.

[0027] Alternatively, it may be envisaged that the corresponding locally applicable legal provisions are only retrieved from time to time. They can then be stored in a memory 10 in the control module 7, which can of course also be located elsewhere within the vehicle 1. This memory 10 is also protected accordingly, for example by means of cryptographic encryption, in order to exclude manipulation of the data in the memory here as well, so that the filtering cannot be influenced or cannot be influenced with reasonable effort.

[0028] Another possibility is that the memory 10 or an area within this memory 10 is preset according to the destination country of the vehicle, in this case country C, when the vehicle is delivered, for example at the end of production, when the vehicle is exported, when the vehicle is imported, or in a similar situation. This ensures that the legal provisions of country C are implemented in the memory 10 for vehicles delivered to country C, and that within country C only trading actions that are legal there are permitted by the control module 7.

[0029] The user of the vehicle 1 is now informed of a rejected or blocked trading action accordingly, so that the driver knows that the action he wanted has been rejected due to legal provisions. If the driver is, for example, in the vicinity of the border to another country in which precisely this trading action would be permissible, for example the trading desired by the driver with a certain cryptocurrency, then, in addition to the rejection of his desired trading action, a route can be suggested via a navigation system of the vehicle in order to reach, for example, a point II in country B or a point III in country A in which this action is permissible. If the action is of great importance to the user of the vehicle 1, the user can follow this route recommendation and, after crossing the border in accordance with the local provisions applicable there, can then carry out this desired action after all. For example, a limit distance can be predefined or also set individually by the driver, so that such a recommendation is only made if the route does not exceed a certain predefined length of, for example, 150 kilometers. Alternatively, this could also be set on the basis of a predicted journey time.

[0030] All in all, this creates a method which increases the convenience for a user when trading cryptocurrencies from his vehicle 1 accordingly, and at the same time ensures that the user does not have to worry, or does not have to worry in detail, about the legal regulations applicable at the user's location, or to changes to said regulations, which may occur very quickly.

[0031] In principle, a vehicle 1 preset for a destination country is permanently linked to this information. A change should not be made in this case in order not to be able to undermine import provisions, for example. In such a case, it can be provided that the corresponding data can be overwritten and changed, for example during a workshop visit, by authorized specialist personnel, in order to enable adaptation to changing legal provisions. Furthermore, it is of course possible to use other data in this variant as well, as soon as the vehicle has left its country of destination, in this case country C. As soon as the border is crossed, which can be determined via the GPS module 8, the legal provisions of, for example, country B or country A can be called up accordingly and applied alternatively in the control module 7 until the vehicle returns to its own country C.

[0032] Although the invention has been illustrated and described in detail by way of preferred embodiments, the invention is not limited by the examples disclosed, and other variations can be derived from these by the person skilled in the art without leaving the scope of the invention. It is therefore clear that there is a plurality of possible variations. It is also clear that embodiments stated by way of example are only really examples that are not to be seen as limiting the scope, application possibilities or configuration of the invention in any way. In fact, the preceding description and the description of the figures enable the person skilled in the art to implement the exemplary embodiments in concrete manner, wherein, with the knowledge of the disclosed inventive concept, the person skilled in the art is able to undertake various changes, for example, with regard to the functioning or arrangement of individual elements stated in an exemplary embodiment without leaving the scope of the invention, which is defined by the claims and their legal equivalents, such as further explanations in the description.