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Cryptocurrencies are often thought to operate out of the reach of national regulation, but in fact their valuations …
Persistent link: https://www.econbiz.de/10012205633
context of cryptocurrencies. A prime reason for this failure is the extreme state of regulation, which was largely absent for … - under-regulation and over-regulation - are consistent with traditional concepts from law and economics. Specifically …, whenever DLT implements a "public blockchain" - where there is no screening of who joins the network - both the technology and …
Persistent link: https://www.econbiz.de/10013404175
This paper explores the interface between central banks and cryptocurrencies. Focusing on the European Central Bank (ECB), it identifies the potential threats that the rise of cryptocurrencies would pose to the basic and ancillary tasks of the ECB, in particular, its monetary policy operations...
Persistent link: https://www.econbiz.de/10012866515
is hardly possible to regulate a distributed network in a centralized fashion as decentralized permissionless blockchain …-based cryptocurrencies are antithetical to the existing centralized structure of monetary and financial regulation. By shifting the policy … cryptocurrencies at the code or protocol layer, which might not be desirable, even if feasible, the regulation should target the …
Persistent link: https://www.econbiz.de/10012849751
-based regulation, distinguished by a regulatory approach that is concerned with actively supporting innovators in nurturing cutting …
Persistent link: https://www.econbiz.de/10012427907
The financial applications of the blockchain technology are gaining increasing attention in the regulatory sphere both …, but not exclusively, on the regulatory regime of the EU, UK and US. This chapter adds to the literature on the regulation … of crypto finance as it provides a functional framework to approach an area whose regulation is quickly evolving …
Persistent link: https://www.econbiz.de/10014353478
centerpieces of the Strategy is the draft regulation on a pilot regime for market infrastructures based on distributed ledger …
Persistent link: https://www.econbiz.de/10012587627
Cryptocurrencies and blockchain-based technologies represent one of the most debated topics in the financial services …
Persistent link: https://www.econbiz.de/10012918503
current financial regulation. How do fiduciary standards apply to algorithms? How does online finance affect the behavior of … autonomous, dispersed computer networks? This Article argues that current financial regulation is inadequate to address the … concerns about the ability of financial regulation to promote three inter-related financial goals: the efficient allocation of …
Persistent link: https://www.econbiz.de/10012899713
. The bitcoin mining pool has largely escaped regulation. This paper argues that the mining pool should be regulated under … the existing federal securities regulation regime …
Persistent link: https://www.econbiz.de/10012972175