This article suggests that, while the state of the art in the Civil Law tradition is incapable of producing a coherent and transversal answer to address the regulation of cryptocurrencies, and in general, virtual goods, drafters and lawmakers should aim to produce the rules necessary to achieve narrowly defined and explicit policy goals. In the article I show the shortcomings of using the existing legal concepts to regulate cryptocurrencies, and additionally show that in practice and financially, they have not yet achieved the necessary importance to force traditional concepts used to regulate currency upon them. The argument goes in line with previous literature that claims that current suggestions to regulate cryptocurrencies do not risk inhibiting their development, but risk shallow and ineffective regulation that might damage particular actors like early-adopters or those willing to experiment with newer technologies.