Cryptocurrency Public Policy Analysis

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Author :
Publisher :
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Cryptocurrency Public Policy Analysis by : Joseph Walton

Download or read book Cryptocurrency Public Policy Analysis written by Joseph Walton and published by . This book was released on 2015 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Cryptocurrency and Public Policy

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Author :
Publisher : Taylor & Francis
ISBN 13 : 1000772578
Total Pages : 203 pages
Book Rating : 4.0/5 (7 download)

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Book Synopsis Cryptocurrency and Public Policy by : Donavon Johnson

Download or read book Cryptocurrency and Public Policy written by Donavon Johnson and published by Taylor & Francis. This book was released on 2022-11-04 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: Proponents of cryptocurrency have argued it has the potential to drive economic prosperity and to help reimagine social benefits in many spaces across the world. However, as the knowledge and use of cryptocurrency increases, so do questions about trust, identity, privacy, and security. This new book connects the literature on public policy and cryptocurrency, asking: What are the governance and democracy implications of the rise in cryptocurrency use? Beginning with a conceptual overview of cryptocurrency and how governmental actions (or inaction) led to its creation, author Donovan Johnson argues that symbiotic relationships can and do exist among cryptocurrency, democracy, and governance in the public policy/administration domain. Principles such as equity and inclusion, efficiency and effectiveness, accountability, and quality of life are explored as conduits through which cryptocurrency interfaces with public policy, democracy, and good governance. This informative and insightful book covers a range of public policy and public administration issues, offering readers an understanding of how cryptocurrency intersects with democracy, governance, fiscal and monetary policies, economic growth, corruption, and privacy. Cryptocurrency and Public Policy will be of interest to students and scholars of public policy and administration, finance, economics, and business.

The Political Economy and Feasibility of Bitcoin and Cryptocurrencies

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 1803920947
Total Pages : 272 pages
Book Rating : 4.8/5 (39 download)

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Book Synopsis The Political Economy and Feasibility of Bitcoin and Cryptocurrencies by : Pack, Spencer J.

Download or read book The Political Economy and Feasibility of Bitcoin and Cryptocurrencies written by Pack, Spencer J. and published by Edward Elgar Publishing. This book was released on 2022-05-13 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Entrepreneurship and Economic Development addresses the importance of business creation, which is endemic in subsistence indigenous cultures, widespread in developing economies, and a critical feature of adaptation in the most advanced economies. The author offers systematic comparisons of six stages of economic development which provide information about the adjustments in the economic and social context affecting participation in business creation, the sectors where activities occur, and the nature of the contributions to economic growth and adaptation.

The Economics of Cryptocurrencies

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Author :
Publisher : Routledge
ISBN 13 : 0429575688
Total Pages : 111 pages
Book Rating : 4.4/5 (295 download)

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Book Synopsis The Economics of Cryptocurrencies by : J. Mark Munoz

Download or read book The Economics of Cryptocurrencies written by J. Mark Munoz and published by Routledge. This book was released on 2020-12-03 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cryptocurrencies have had a profound effect on financial markets worldwide. This edited book aims to explore the economic implications of the use of cryptocurrencies. Drawing from chapter contributors from around the world, the book will be a valuable resource on the economics of cryptocurrencies. The intended audience is composed of academics, corporate leaders, entrepreneurs, government leaders, consultants and policy makers worldwide. Over the past few years, the topic of cryptocurrencies has gained global attention and has been the subject of discussion in various news media, in policy-making bodies and government entities, and in financial institutions, classrooms and boardrooms. Despite widespread interest, much remains unknown on what the economic implications of cryptocurrencies are. This book enhances the reader’s understanding of cryptocurrencies, its impact on industry and its implications on the political and economic environment. Drawing from chapter contributions from leading academics and thought leaders from around the world, this book is the definitive guide on the economics of cryptocurrencies. There is scarcity of well conceived, academically grounded literature on the impact of cryptocurrencies on industry, politics and economics. This pioneering book provides up-to-date and in-depth analysis on the subject. The book will be appealing to academic communities, business professionals and entrepreneurs in their quest for better understanding the challenges and opportunities brought about by cryptocurrencies. Consultants, government officials and policy makers will find the information helpful in defining strategic pathways into the future.

Government-based Cryptocurrencies

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Publisher :
ISBN 13 :
Total Pages : 7 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Government-based Cryptocurrencies by : Srirath Goi Gohwong

Download or read book Government-based Cryptocurrencies written by Srirath Goi Gohwong and published by . This book was released on 2020 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objectives in this study were 1) to investigate the state of art of government-based cryptocurrencies, and 2) to discuss government-based cryptocurrency in sovereignty and control of government, government with her problems in possible unintentional failures and opportunism with third-party status, and information sharing. Documentary research was employed in this study. The findings revealed that government-based cryptocurrencies had a few interchangeable titles as follows: country-owned digital currency, national cryptocurrency, government-issued cryptocurrency/state-backed cryptocurrencies, and digital government backed cryptocurrency; the general characteristics of government-based cryptocurrencies were as follows: 1) The main objective of government-based cryptocurrencies was used against non-government-based cryptocurrencies, 2) Value and amount of currency were fixed by central bank, 3) Banning all or some existing nongovernment-based cryptocurrencies was conducted by government, 4) Government-based cryptocurrency could be invented by government or jointed venture, 5) The development of government-based cryptocurrency could be terminated by her government or by external entity's order on her government, 6) The classification of government-based cryptocurrency could be fully activated currency, non-activated currency, and pilot-project-based currency, and 7) Some governments used their valuables for backing up government-based cryptocurrencies. In addition, Information sharing with equity of public, private, and people sector; formulation about rule and regulation of trade with attractive tax rate for legalized cryptocurrencies; AI in public policy analysis; and the foundation of an autonomous public organization were suitable solutions of macro economy and public financial management for lessening two important problems-loss of sovereignty and control of government and government's unintentional failures and opportunism with third-party status.

Cryptocurrency

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Publisher : Independently Published
ISBN 13 : 9781793088772
Total Pages : 34 pages
Book Rating : 4.0/5 (887 download)

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Book Synopsis Cryptocurrency by : Congressional Research Service

Download or read book Cryptocurrency written by Congressional Research Service and published by Independently Published. This book was released on 2019-01-03 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cryptocurrencies are digital money in electronic payment systems that generally do not require government backing or the involvement of an intermediary, such as a bank. Instead, users of the system validate payments using certain protocols. Since the 2008 invention of the first cryptocurrency, Bitcoin, cryptocurrencies have proliferated. In recent years, they experienced a rapid increase and subsequent decrease in value. One estimate found that, as of August 2018, there were nearly 1,900 different cryptocurrencies worth about $220 billion. Given this rapid growth and volatility, cryptocurrencies have drawn the attention of the public and policymakers. A particularly notable feature of cryptocurrencies is their potential to act as an alternative form of money. Historically, money has either had intrinsic value or derived value from government decree. Using money electronically generally has involved using the private ledgers and systems of at least one trusted intermediary. Cryptocurrencies, by contrast, generally employ user agreement, a network of users, and cryptographic protocols to achieve valid transfers of value. Cryptocurrency users typically use a pseudonymous address to identify each other and a passcode or private key to make changes to a public ledger in order to transfer value between accounts. Other computers in the network validate these transfers. Through this use of blockchain technology, cryptocurrency systems protect their public ledgers of accounts against manipulation, so that users can only send cryptocurrency to which they have access, thus allowing users to make valid transfers without a centralized, trusted intermediary. Money serves three interrelated economic functions: it is a medium of exchange, a unit of account, and a store of value. How well cryptocurrencies can serve those functions relative to existing money and payment systems likely will play a large part in determining cryptocurrencies' future value and importance. Proponents of the technology argue cryptocurrency can effectively serve those functions and will be widely adopted. They contend that a decentralized system using cryptocurrencies ultimately will be more efficient and secure than existing monetary and payment systems. Skeptics doubt that cryptocurrencies can effectively act as money and achieve widespread use. They note various obstacles to extensive adoption of cryptocurrencies, including economic (e.g., existing trust in traditional systems and volatile cryptocurrency value), technological (e.g., scalability), and usability obstacles (e.g., access to equipment necessary to participate). In addition, skeptics assert that cryptocurrencies are currently overvalued and under-regulated. The invention and proliferation of cryptocurrencies present numerous risks and related policy issues. Cryptocurrencies, because they are pseudonymous and decentralized, could facilitate money laundering and other crimes, raising the issue of whether existing regulations appropriately guard against this possibility. Many consumers may lack familiarity with cryptocurrencies and how they work and derive value. In addition, although cryptocurrency ledgers appear safe from manipulation, individuals and exchanges have been hacked or targeted in scams involving cryptocurrencies. Accordingly, critics of cryptocurrencies have raised concerns that existing laws and regulations do not adequately protect consumers dealing in cryptocurrencies. At the same time, proponents of cryptocurrencies warn against over-regulating what they argue is a technology that will yield large benefits. Finally, if cryptocurrency becomes a widely used form of money, it could affect the ability of the Federal Reserve and other central banks to implement and transmit monetary policy, leading some observers to argue that central banks should develop their own digital currencies (as opposed to a cryptocurrency); others oppose this idea.

Bitcoin

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Publisher : Mercatus Center at George Mason University
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4./5 ( download)

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Book Synopsis Bitcoin by : Jerry Brito

Download or read book Bitcoin written by Jerry Brito and published by Mercatus Center at George Mason University. This book was released on 2013-12-19 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the world’s first decentralized digital currency, Bitcoin has the potential to revolutionize online payments systems in a way that benefits consumers and businesses. Instead of using an intermediary such as PayPal or submitting credit card information to a third party for verification—both of which often include transaction fees and other restrictions—Bitcoin allows individuals to pay each other directly for goods or services. The characteristics that make Bitcoin so innovative have also made it a target for regulators, who fear that the cryptocurrency will aid tax evasion, money laundering, and other crimes. While it is true that it can be used for nefarious purposes, the same can be said of cash. But, unlike cash, Bitcoin transactions are recorded in an online ledger. In this new primer published by the Mercatus Center at George Mason University, Jerry Brito and Andrea Castillo describe how the digital currency works and address many of the common misconceptions about it. They also analyze current laws and regulations that may already cover digital currencies and warn against preemptively placing regulatory restrictions on Bitcoin that could stifle the new technology before it has a chance to evolve. In addition, they give several recommendations about how to treat Bitcoin going forward. Here, at the forefront of the debate, Brito and Castillo both support innovation and provide much-needed clarity for policymakers and law enforcement. A Spanish edition of this book is also available from the Mercatus Center.

Blockchain and the Law

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Publisher : Harvard University Press
ISBN 13 : 0674985915
Total Pages : 196 pages
Book Rating : 4.6/5 (749 download)

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Book Synopsis Blockchain and the Law by : Primavera De Filippi

Download or read book Blockchain and the Law written by Primavera De Filippi and published by Harvard University Press. This book was released on 2018-04-09 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Blockchains will matter crucially; this book, beautifully and clearly written for a wide audience, powerfully demonstrates how.” —Lawrence Lessig “Attempts to do for blockchain what the likes of Lawrence Lessig and Tim Wu did for the Internet and cyberspace—explain how a new technology will upend the current legal and social order... Blockchain and the Law is not just a theoretical guide. It’s also a moral one.” —Fortune Bitcoin has been hailed as an Internet marvel and decried as the preferred transaction vehicle for criminals. It has left nearly everyone without a computer science degree confused: how do you “mine” money from ones and zeros? The answer lies in a technology called blockchain. A general-purpose tool for creating secure, decentralized, peer-to-peer applications, blockchain technology has been compared to the Internet in both form and impact. Blockchains are being used to create “smart contracts,” to expedite payments, to make financial instruments, to organize the exchange of data and information, and to facilitate interactions between humans and machines. But by cutting out the middlemen, they run the risk of undermining governmental authorities’ ability to supervise activities in banking, commerce, and the law. As this essential book makes clear, the technology cannot be harnessed productively without new rules and new approaches to legal thinking. “If you...don’t ‘get’ crypto, this is the book-length treatment for you.” —Tyler Cowen, Marginal Revolution “De Filippi and Wright stress that because blockchain is essentially autonomous, it is inflexible, which leaves it vulnerable, once it has been set in motion, to the sort of unforeseen consequences that laws and regulations are best able to address.” —James Ryerson, New York Times Book Review

Terrorist Use of Cryptocurrencies

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Author :
Publisher :
ISBN 13 : 1977402348
Total Pages : 99 pages
Book Rating : 4.9/5 (774 download)

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Book Synopsis Terrorist Use of Cryptocurrencies by : Cynthia Dion-Schwarz

Download or read book Terrorist Use of Cryptocurrencies written by Cynthia Dion-Schwarz and published by . This book was released on 2019-05-31 with total page 99 pages. Available in PDF, EPUB and Kindle. Book excerpt: Terrorist organizations might increase use of digital cryptocurrencies to support their activities. RAND researchers consider the needs of such groups and the advantages and disadvantages of the cryptocurrency technologies available to them.

Why We Use a New Currency

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Publisher :
ISBN 13 :
Total Pages : 154 pages
Book Rating : 4.:/5 (119 download)

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Book Synopsis Why We Use a New Currency by : Joseph Buckler Walton

Download or read book Why We Use a New Currency written by Joseph Buckler Walton and published by . This book was released on 2020 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Social media, e-commerce, global peer-to-peer technologies, and the near ubiquity of computers and smartphones allow people to interact, trust, and exchange value across traditional socio-economic control boundaries and over significant distances. Since the creation in 2008 of a new cryptographic currency system called Bitcoin, a financial technology market sector of about 250 billion USD has rapidly emerged, raising questions about the nature of currency in society and whether new types of non-national money are warranted and viable. This debate has pitted heterodox economic interests against orthodox economic interests while it has rekindled interest in theories that view money as a social construct with a multitude of potential forms beyond "state" or fiat money, and in forms that are increasingly predicted to be purely digital in the future. This study seeks to explain the policy, social, and economic factors that underlie perceptions and usage of these new currency types. First, I develop a novel theoretical matrix of trust and control to explain the conditions under which people choose to use any monetary system. Then, I test this theory with a quantitative analysis of policy, trust, socio-economic, and cultural factors affecting the perceptions and usage of the new currency systems of Bitcoin and other cryptocurrencies in 28 countries. This analysis draws on usage metrics recorded from the Bitcoin and cryptocurrency network systems, attitudinal data from the World Values Survey (WVS) and European Values Study (EVS), and a proprietary survey of Bitcoin and cryptocurrency perceptions and usage in 15 countries conducted by Ipsos for the behavioral economics research department at ING Group. I performed principal component analyses (PCA) to reduce factors among collected metrics, and I then integrated the findings of the PCA into a series of ordinary least squares (OLS) regressions along three primary vectors: trust, control, and culture. Based on my empirical findings, I group these new currency system users' personality perspectives into four categories: Evangelists, Pragmatists, Skeptics, and Speculators. The analysis finds Bitcoin and cryptocurrency perceptions and usage are not correlated with the strictness or laxness of public policies concerning Bitcoin and cryptocurrencies. The analysis also finds Bitcoin interest as measured by Google Search Trends is not correlated to Bitcoin and cryptocurrency perceptions and usage but is correlated to several lower socio-economic metrics related to crime and lack of confidence in law enforcement and government control. There is more favorable perception and usage of Bitcoin and cryptocurrency in countries with less developed socio-economic profiles, and less favorable perceptions and usage in countries with more developed socio-economic profiles. There is more favorable perception and usage of Bitcoin and cryptocurrency in countries with aggregate lower generalized trust and lower democratic tendencies, and less favorable perceptions and usage in countries with aggregate higher generalized trust and higher democratic tendencies. Overall, the findings show the extent to which trends in usage and perception of the emergent currencies of Bitcoin and other cryptocurrencies are associated with basic cultural and attitudinal tendencies that are not necessarily related to public policy or other typical monetary theory-based controls. I conclude that a matrix of trust and control is effective at demonstrating how sociological factors explain the landscape of historical, extant, and emergent currency systems and this matrix predicts where Bitcoin and cryptocurrencies situate in society relative to these other currency systems

Advanced Studies of Financial Technologies and Cryptocurrency Markets

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Author :
Publisher : Springer Nature
ISBN 13 : 9811544980
Total Pages : 256 pages
Book Rating : 4.8/5 (115 download)

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Book Synopsis Advanced Studies of Financial Technologies and Cryptocurrency Markets by : Lukáš Pichl

Download or read book Advanced Studies of Financial Technologies and Cryptocurrency Markets written by Lukáš Pichl and published by Springer Nature. This book was released on 2020-07-29 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book shows that research contributions from different fields—finance, economics, computer sciences, and physics—can provide useful insights into key issues in financial and cryptocurrency markets. Presenting the latest empirical and theoretical advances, it helps readers gain a better understanding of financial markets and cryptocurrencies. Bitcoin was the first cryptocurrency to use a peer-to-peer network to prevent double-spending and to control its issue without the need for a central authority, and it has attracted wide public attention since its introduction. In recent years, the academic community has also started gaining interest in cyptocurrencies, and research in the field has grown rapidly. This book presents is a collection of the latest work on cryptocurrency markets and the properties of those markets. This book will appeal to graduate students and researchers from disciplines such as finance, economics, financial engineering, computer science, physics and applied mathematics working in the field of financial markets, including cryptocurrency markets.

Blockchain and the Public Sector

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Author :
Publisher : Springer Nature
ISBN 13 : 3030557464
Total Pages : 248 pages
Book Rating : 4.0/5 (35 download)

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Book Synopsis Blockchain and the Public Sector by : Christopher G. Reddick

Download or read book Blockchain and the Public Sector written by Christopher G. Reddick and published by Springer Nature. This book was released on 2021-01-28 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses blockchain technology and its potential applications in digital government and the public sector. With its robust infrastructure and append-only record system, blockchain technology is being increasingly employed in the public sector, specifically where trustworthiness and security are of importance. Written by leading scholars and practitioners, this edited volume presents challenges, benefits, regulations, frameworks, taxonomies, and applications of blockchain technology in the public domain. Specifically, the book analyzes the implementation of blockchain technologies in the public sector and the potential reforms it would bring. It discusses emerging technologies and their role in the implementation of blockchain technologies in the public sector. The book details the role of blockchain in the creation of public value in the delivery of public sector services. The book analyzes effects, impacts, and outcomes from the implementation of blockchain technologies in the public sector in select case studies. Providing up-to-date information on important developments regarding blockchain in government around the world, this volume will appeal to academics, researchers, policy-makers, public managers, international organizations, and technical experts looking to understand how blockchain can enhance public service delivery.

The Politics of Bitcoin

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Author :
Publisher : U of Minnesota Press
ISBN 13 : 1452953813
Total Pages : 107 pages
Book Rating : 4.4/5 (529 download)

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Book Synopsis The Politics of Bitcoin by : David Golumbia

Download or read book The Politics of Bitcoin written by David Golumbia and published by U of Minnesota Press. This book was released on 2016-09-26 with total page 107 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since its introduction in 2009, Bitcoin has been widely promoted as a digital currency that will revolutionize everything from online commerce to the nation-state. Yet supporters of Bitcoin and its blockchain technology subscribe to a form of cyberlibertarianism that depends to a surprising extent on far-right political thought. The Politics of Bitcoin exposes how much of the economic and political thought on which this cryptocurrency is based emerges from ideas that travel the gamut, from Milton Friedman, F.A. Hayek, and Ludwig von Mises to Federal Reserve conspiracy theorists. Forerunners: Ideas First is a thought-in-process series of breakthrough digital publications. Written between fresh ideas and finished books, Forerunners draws on scholarly work initiated in notable blogs, social media, conference plenaries, journal articles, and the synergy of academic exchange. This is gray literature publishing: where intense thinking, change, and speculation take place in scholarship.

Understanding the Blockchain Economy

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Publisher : Edward Elgar Publishing
ISBN 13 : 1788975006
Total Pages : 253 pages
Book Rating : 4.7/5 (889 download)

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Book Synopsis Understanding the Blockchain Economy by : Chris Berg

Download or read book Understanding the Blockchain Economy written by Chris Berg and published by Edward Elgar Publishing. This book was released on 2019 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: Blockchains are the distributed ledger technology that powers Bitcoin and other cryptocurrencies. But blockchains can be used for more than the transfer of tokens – they are a significant new economic infrastructure. This book offers the first scholarly analysis of the economic nature of blockchains and the shape of the blockchain economy. By applying the institutional economics of Ronald Coase and Oliver Williamson, this book shows how blockchains are poised to reshape the nature of firms, governments, markets, and civil society.

Crypto-assets global corporate finance transactions

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Author :
Publisher : Singulab
ISBN 13 : 1796623792
Total Pages : 22 pages
Book Rating : 4.7/5 (966 download)

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Book Synopsis Crypto-assets global corporate finance transactions by : Massimiliano Caruso

Download or read book Crypto-assets global corporate finance transactions written by Massimiliano Caruso and published by Singulab. This book was released on 2019-02-11 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rise of crypto-assets and crypto-assets corporate finance transactions – like Initial Coin Offerings, Security Token Offerings, Initial Exchange Offerings, and respective variants – are disrupting the way companies raise funds. At the same time the sudden rise of crypto finance transactions has created unprecedented challenges for regulators, financial market authorities, corporate finance lawyers and professionals. Crypto-assets corporate finance transactions are essentially borderless, global and interconnected. Their borderless nature was the core inspiration of this work. This book, indeed, is an attempt to address to a comparative and functional analysis of crypto-assets corporate finance transactions. I believe it’s neutral, international, functional and short. It’s neutral because while it’s true that the variety of crypto-assets necessitates a case-by-case analysis, it’s unquestionable that some types and hybrid forms of crypto-assets fall within existing securities laws and regulations. Securities offerings, however, are highly regulated in most developed jurisdictions, while, by contrast, the rapid rise of these crypto-assets corporate finance transactions is very likely nothing else than a mere market response to overregulation. It has to be noted that: (i) regulations should be technologically neutral, and in order to become so, address the actors and not the products themselves; (ii) far too often (non-accredited, non-qualified, non-sophisticated) investors are denied the opportunity to invest in new and promising technologies and in new companies — all which undermine productive capital formation and economic growth; (iii) crypto finance transactions are part of a self-contained system and this unique context requires to carefully weigh competing goals – protecting investors (that can lead to a larger and healthier crypto finance environment) while promoting capital raising and economic liberty. This is why these crypto-assets should be treated as a new type of asset whose use – currently falling within existing regulations – should be governed by new and ad hoc regulations, above all in the securities field, in order not to disregard their unique operational and technological features. Existing securities rules and best practices are frequently nonsensical or even counterproductive in the context of many crypto finance transactions. Regulation is certainly necessary to allow crypto-assets and crypto- assets corporate finance transactions to achieve their potential, but the regulatory system should have an appropriate balance and a high degree of clarity. I believe, however, optimal regulatory structures will emerge and converge over time. The final part of the book, then, sketches some proposals for regulators – based on a weighted approach – that, if adopted, would enhance legal certainty and seek to balance support for innovation and investor protection. It’s international because it contains summary information on the securities law regimes in Australia, Brazil, Canada, China, EU / EAA (Austria, France, Germany, Ireland, Italy, Luxemburg, Netherlands, Norway, United Kingdom), Hong Kong, India, Israel, Japan, Nigeria, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Switzerland, United Arab Emirates, United States, including the principal prospectus exemptions and private placements rules in each jurisdiction. Securities offerings are highly regulated and significant civil and criminal penalties can be incurred as a result of offerings which are not authorized by the relevant authorities or compliant with the applicable securities regime. There are good reasons why similar measures have arisen in the wider corporate world over time – to ensure a sustainable ecosystem with resources directed at better quality projects, to ensure that bad actors are (to the extent possible) eliminated, and to ensure that legal and professional risks are mitigated by a better balance between the interests of all stakeholders. This is why crypto-assets corporate finance transactions falling within existing securities laws and regulations can’t be conducted assuming the law doesn’t exist – in the meantime specific regulations arise. Also, while the lack of widely accepted global standards has led to a great deal of regulatory arbitrage, as crypto-assets issuers shop for jurisdictions with the lightest touch (or no touch), I believe they should not attempt to flee from regulation. By contrast, they should talk with financial market authorities. It’s functional because with regard to crypto-assets with real intrinsic usage (non- speculative crypto-assets) this book discusses how a proactive self-regulation, ethical human behaviors, rigorous due diligence, improved governance, disclosure, investors protection and accountability measures could be applied to lead to better quality Initial Coin Offerings, a more sustainable fundraising environment for all the parties involved and mitigate risks due to regulatory uncertainty. At the same I propose (and encourage the adoption of) a Corporate Crypto Conduct Code for businesses in this space. It’s short because my project in writing this book is to give a quick framework for understanding the most important securities law regimes. This book is not intended to be an exhaustive guide to the regulation of crypto-assets corporate finance transaction globally or in any of the included jurisdictions. Instead, for each jurisdiction, I have endeavored to provide a sufficient overview for the reader to understand the current legal and regulatory environment. I hope that it remains short enough to attract the readers I would like to reach: (i) my colleagues in international business and corporate law and related legal fields (who can start from these frameworks to make a more detailed analysis of the securities laws in the core jurisdictions summarized in this book); (ii) regulators and lawmakers (with the hope they will find this book a helpful guide to develop new strategies, policies and regulations); (iii) crypto-assets issuers (with the hope they understand the importance of being compliant with the law – even if and when, on the spot, it seems economically irrational – and the reasons why the current measures have arisen in the wider corporate world over time).

A Comprehensive Analysis of U.S. Cryptocurrency Regulations

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Author :
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis A Comprehensive Analysis of U.S. Cryptocurrency Regulations by : Ama Serwaa

Download or read book A Comprehensive Analysis of U.S. Cryptocurrency Regulations written by Ama Serwaa and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Cryptocurrency, also known as "Crypto", is a digital currency designed to work as a medium of exchange. Bitcoin is a peer-to-peer version of electronic cash allowing payments to be conducted electronically without the need for a financial institution. Over the years, Bitcoin's popularity has garnered a global acceptance of other cryptocurrencies being traded as financial assets. Crypto exchanges are legal in the United States and fall under the regulatory scope of the Bank Secrecy Act (BSA). These Cryptocurrencies are being regulated by various agencies such as the Securities and Exchange Commission (SEC), The Financial Crimes Enforcement Network (FINCEN), The Commodity Futures Trading Commission (CFTC), and a plethora of other agencies. Over the years, investors and lawmakers have called for the creation of a comprehensive regulatory framework for cryptocurrencies mimicking that of regular securities to combat cybercrimes, money laundering, illicit financial flows, etc. Cryptocurrency regulations will enable a viable path for the lawful use of cryptocurrencies as a tool for financial inclusion. While such regulations are being discussed, this paper seeks to analyze the current regulatory framework of cryptocurrencies utilizing a mixed methods research approach. This paper will take a closer look at the current policies and regulations in place in hopes of providing a policy recommendation for policymakers, with the aim of improving the current regulatory practices of cryptocurrency exchange.

Implications of central bank backed digital currencies (crypto currencies) on monetary policy, financial stability and balance sheets

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Author :
Publisher : GRIN Verlag
ISBN 13 : 3668928886
Total Pages : 115 pages
Book Rating : 4.6/5 (689 download)

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Book Synopsis Implications of central bank backed digital currencies (crypto currencies) on monetary policy, financial stability and balance sheets by : Marko Francesevic

Download or read book Implications of central bank backed digital currencies (crypto currencies) on monetary policy, financial stability and balance sheets written by Marko Francesevic and published by GRIN Verlag. This book was released on 2019-04-29 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2018 in the subject Economics - Finance, grade: 1,0, Copenhagen Business School, language: English, abstract: Inspired by the recent publication of various Central Banks that study the issuance of their own versions of digital currencies, this paper aims at identifying the implications of such a central bank issued digital currency on monetary policy, financial stability and non-bank private sector, central bank and commercial bank balance sheet. It does so by conducting a scenario analysis, where each scenario specifies a distinct form of how a central bank issued digital currency could be introduced and how the resulting implications on the spheres of interest might change as a consequence. The results of this scenario analysis propose that in either implementation mode a CBDC generally provides a positive effect on both financial stability and monetary policy. The degree of the advantageous effect is, however, not only dependent on the implementation scenario, but also on the behaviour of the central banks, the commercial banks and the general public. In terms of balance sheets, this paper identified major changes. The results and implications that have been derived are based on literature, an expert interview and previous research conducted by other central banks and notable scholars. Based on the implications stemming from the four investigated scenarios, this paper evaluates these implications from a perspective of the New Currency School and Banking School. All in all, since this paper sees a central bank backed digital currency as a potential catalyst for a substantial change of the current monetary system, it provides scenarios and theories that challenge the status quo.