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blockchain technology on financial regulation. After an initial study of the underlying principles driving both processes, we …
Persistent link: https://www.econbiz.de/10012918231
We document systematic differences in bitcoin prices across 11 different markets representing 26\% of global bitcoin trade volume. These differences must --- due to the identical nature of all bitcoin--- result from characteristics of markets themselves. We examine differences across the markets...
Persistent link: https://www.econbiz.de/10012972053
We document systematic differences in bitcoin prices across 11 different markets representing 26% of global bitcoin trade volume. These differences must — due to the identical nature of all bitcoin — result from characteristics of markets themselves. We examine differences across the markets...
Persistent link: https://www.econbiz.de/10012965853
On January 20, 2016, Governor of the People's Bank of China (“PBoC”) Zhou Xiaochuan announced that China would issue its own digital currency “as soon as possible.” A notice declaring this decision was issued on the official website of the PBoC shortly afterwards. Digital currency can...
Persistent link: https://www.econbiz.de/10012989464
This article outlines the benefits and risks of the distributed ledger technology (DLT) for the clearing and settlement of exchange-traded and OTC securities, followed by a description of the technology’s potential role for central counterparties and central securities depositories. Although...
Persistent link: https://www.econbiz.de/10012268588
-based regulation, distinguished by a regulatory approach that is concerned with actively supporting innovators in nurturing cutting …
Persistent link: https://www.econbiz.de/10012427907
Persistent link: https://www.econbiz.de/10012545857
We document significant differences in Bitcoin prices across 11 different markets representing 26% of global Bitcoin trade volume. These differences must — due to the identical nature of all bitcoin — result from characteristics of markets themselves. We examine differences across the...
Persistent link: https://www.econbiz.de/10012950795
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
for regulation in this dynamic landscape in order to meet a balance of public and private interest objectives. This …
Persistent link: https://www.econbiz.de/10014433673