Cryptocurrencies And The Regulatory Challenge

Author : Allan C. Hutchinson
Publisher : Routledge
Page : 188 pages
File Size : 54,9 Mb
Release : 2021-11-10
Category : Law
ISBN : 9781000466805

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Cryptocurrencies and the Regulatory Challenge by Allan C. Hutchinson Pdf

As a social process that places great stock in its stability and predictability, law does not deal easily or well with change. In a modern world that is in a constant and rapid state of flux, law is being placed under considerable stress in its efforts to fulfill its task as a primary regulator of social and economic behaviour. This challenge is particularly acute in the realm of technology and its profound ramifications for social and economic behaviour. The innovative Techno-Age not only offers fresh ways of handling old problems, but also throws up entirely new problems; traditional ways of thinking about and responding to these old and new problems and their optimal resolution are no longer as tenable as many once thought. One such example is the burgeoning world of cryptocurrencies – this peer-to-peer digital network presents a profound challenge to the status quo of the financial services sector, to the established modes of state-backed fiat currency, and to the regulatory authority and reach of law. Taken together, these related challenges demand the urgent attention of jurists, lawyers and law reformers. It is the future and relevance of legal regulation as much as cryptocurrency that is at stake. This book proposes an approach to regulating cryptocurrency that recognises and retains its innovative and transformative potential, but also identifies and deals with some of its less appealing qualities and implications.

Author : Allan C. Hutchinson
Publisher : Hart Publishing
Page : 128 pages
File Size : 46,5 Mb
Release : 2019
Category : Cryptocurrencies
ISBN : 1509948171

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Cryptocurrency and the regulatory challenge by Allan C. Hutchinson Pdf

"This book proposes an approach to regulating cryptocurrency that recognises and retains its innovative and transformative potential, but also identifies and deals with some of its less appealing qualities and implications - to regulate it in such a way that, after regulation, it is essentially the same and better than it was rather than it becoming something different and worse. Cryptocurrency is sufficiently special and different in its dynamics and character that it warrants a regulatory approach that is equally special and different in approach and implementation. Although secondary aspects of cryptocurrency s workings lend themselves to similar and selective regulation to currencies, commodities or securities, the primary ambit and operation of cryptocurrency deserves its own sui generis regulation. The main ambition of the book, therefore, is to develop such a particular style, scheme and substance of crypto-regulation."--

Author : Jason Scharfman
Publisher : Springer Nature
Page : 251 pages
File Size : 55,7 Mb
Release : 2021-11-26
Category : Business & Economics
ISBN : 9783030880002

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Cryptocurrency Compliance and Operations by Jason Scharfman Pdf

Cryptocurrencies and digital assets are increasingly garnering interest from institutional investors. This is on top of the already strong support in place for cryptocurrencies such as Bitcoin from the retail investor. With this rapid growth has come a series of complex operational and regulatory compliance challenges. These challenges have become further exacerbated by the increasing pace of technological advances in areas such as decentralized finance (DeFi) tokenization, blockchain and distributed ledger technology (DLT) essential to the crypto and digital asset markets. This book will be the first book to provide current and practical guidance on the operational and compliance foundations of crypto investing and asset management. The book will include: · Step-by-step analysis of the modern operational mechanics behind cryptocurrency investment operations · Detailed guidance and example documentation on the procedures launching a crypto fund · Explanation of the operational procedures and compliance requirements for crytpo asset managers · Detailed analysis of crypto anti-money laundering compliance, regulations and laws for cryptocurrencies · Up-to-date analysis of recent crypto case studies, frauds and regulatory enforcement actions · Review of the digital asset landscape including non-fungible tokens (NFTs) and asset tokenization · Current examples of real-world crypto operations policies and compliance manuals · Analysis of the emerging trends in crypto operations and compliance in areas including blockchain, DeFi, crypto lending, yield farming, crypto mining and dApps Cryptocurrency Compliance and Operations will be an invaluable up-to-date resource for investors, fund managers, and their operations and compliance personnel as well as service providers on the implementation and management of best practice operations.​

Author : Dan Hyde and Sam Thomas Dean Armstrong KC
Publisher : Unknown
Page : 0 pages
File Size : 48,9 Mb
Release : 2022
Category : Commercial law
ISBN : 1526521687

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Blockchain and Cryptocurrency: International Legal and Regulatory Challenges:. by Dan Hyde and Sam Thomas Dean Armstrong KC Pdf

Providing a comprehensive explanation of blockchain, cryptocurrency and the international regulation and challenges that apply, this book introduces the reader to the core topics, including: global regulation of blockchain and cryptoassets; the Internet of Things; the Right to be Forgotten and the right to erasure; environmental, social and governance metrics; smart contracts; initial coin offerings; data protection regulation; Decentralised Autonomous Organisations ('DAOs') and the Metaverse. Explaining the fundamentals of blockchain and cryptocurrency in an accessible and understandable way, and sparking new thinking about how old problems can be solved in new ways, this book is essential reading for anyone wishing to have a wider understanding of this complex and evolving area of law.

Author : Dean Armstrong KC,Dan Hyde,Sam Thomas
Publisher : Bloomsbury Publishing
Page : 457 pages
File Size : 52,7 Mb
Release : 2022-11-21
Category : Law
ISBN : 9781526521675

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Blockchain and Cryptocurrency: International Legal and Regulatory Challenges by Dean Armstrong KC,Dan Hyde,Sam Thomas Pdf

Providing a comprehensive explanation of blockchain, cryptocurrency and the international regulation and challenges that apply, this book introduces the reader to the core topics, including: global regulation of blockchain and cryptoassets; the Internet of Things; the Right to be Forgotten and the right to erasure; environmental, social and governance metrics; smart contracts; initial coin offerings; data protection regulation; Decentralised Autonomous Organisations ('DAOs') and the Metaverse. Written by leading UK experts in cyber law, the Second Edition includes: - fungible and non-fungible cryptoassets ('NFTs') - remedy and tracing strategies - financial hygiene requirements that flow from anti-money laundering - counter-terrorist financing regulations. Explaining the fundamentals of blockchain and cryptocurrency in an accessible and understandable way, and sparking new thinking about how old problems can be solved in new ways, this book is essential reading for anyone wishing to have a wider understanding of this complex and evolving area of law. This title is included in Bloomsbury Professional's Cyber Law online service.

Author : Immaculate Dadiso Motsi-Omoijiade
Publisher : Routledge
Page : 122 pages
File Size : 51,7 Mb
Release : 2022-06-16
Category : Business & Economics
ISBN : 9781000594607

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Cryptocurrency Regulation by Immaculate Dadiso Motsi-Omoijiade Pdf

This work argues that current cryptocurrency regulation, particularly in the areas of enforcement and compliance, is inadequate. It proposes reflexive regulation as an alternative approach. This book provides strategies for a reflexive regulation approach to cryptocurrencies, developed through the identification of the internal self-regulatory mechanisms of the cryptocurrency system. Apportioning blame for current problems to the regulators’ failure to take into account the inherent technical features of cryptocurrencies, the work promotes reflexive regulation in which the law acts at a subsystem-specific level to install, correct, and redefine democratic self-regulatory mechanisms. It provides strategies for this approach, developed through the identification of the internal self-regulatory mechanisms of the cryptocurrency system. These are identified as imbedded in the technical functionality of computer code and consensus-based distributive governance mechanisms respectively. In addition to providing a technical, historical and legal overview of cryptocurrencies, the book concludes by providing recommendations aimed at redirecting code and consensus towards achieving regulatory goals. In this way, it draws from the theory of reflexive law, in order to provide both a substantive and jurisprudential perspective on the regulation of cryptocurrencies and to illustrate how Financial Technology (Fintech) regulation can only be effective once regulators consider both the ‘Fin’ and the ‘tech’ in their regulatory approaches. The book will be of interest to researchers, academics and policy-makers working in the areas of Financial Regulation and Jurisprudence, Financial Crime, Banking Regulation, Information Systems, and Information Technology.

Author : Andrew Haynes,Peter Yeoh
Publisher : Taylor & Francis
Page : 214 pages
File Size : 40,7 Mb
Release : 2020-04-28
Category : Law
ISBN : 9781000064049

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Cryptocurrencies and Cryptoassets by Andrew Haynes,Peter Yeoh Pdf

This book examines the legal and regulatory aspects of cryptocurrency and blockchain and the emerging practical issues that these issues involve. The analysis covers a range of advanced economies across the world, in America, Europe and Asia. The book describes, explains and analyses the nature of cryptocurrencies and the blockchain systems they are constructed on in these major world economies and considers relevant law and regulation and their shortcomings. It will be of use and interest to academics, lawyers, regulators and anyone involved with cryptocurrencies and blockchain.

Author : Shaen Corbet
Publisher : Walter de Gruyter GmbH & Co KG
Page : 220 pages
File Size : 43,5 Mb
Release : 2021-12-06
Category : Business & Economics
ISBN : 9783110718485

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Understanding cryptocurrency fraud by Shaen Corbet Pdf

This handbook focuses on the key issues that continue to hinder the formal development of cryptocurrencies as a mainstream financial asset. It primarily examines reputationally damaging events, particularly those related to illicit behavior. The goal of the handbook is to determine whether some of these events could be mitigated by improved or at least coordinated international regulation. The handbook will be useful for specialist technical audiences such as legal, accounting and financial practices. It will also be beneficial for upper level masters and research students in economics, law, accounting, taxation, investment and portfolio management.

Author : Mr.Dong He,Mr.Karl F Habermeier,Mr.Ross B Leckow,Mr.Vikram Haksar,Ms.Yasmin Almeida,Ms.Mikari Kashima,Mr.Nadim Kyriakos-Saad,Ms.Hiroko Oura,Tahsin Saadi Sedik,Natalia Stetsenko,Ms.Concha Verdugo Yepes
Publisher : International Monetary Fund
Page : 42 pages
File Size : 46,7 Mb
Release : 2016-01-20
Category : Business & Economics
ISBN : 9781498363273

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Virtual Currencies and Beyond by Mr.Dong He,Mr.Karl F Habermeier,Mr.Ross B Leckow,Mr.Vikram Haksar,Ms.Yasmin Almeida,Ms.Mikari Kashima,Mr.Nadim Kyriakos-Saad,Ms.Hiroko Oura,Tahsin Saadi Sedik,Natalia Stetsenko,Ms.Concha Verdugo Yepes Pdf

New technologies are driving transformational changes in the global financial system. Virtual currencies (VCs) and the underlying distributed ledger systems are among these. VCs offer many potential benefits, but also considerable risks. VCs could raise efficiency and in the long run strengthen financial inclusion. At the same time, VCs could be potential vehicles for money laundering, terrorist financing, tax evasion and fraud. While risks to the conduct of monetary policy seem less likely to arise at this stage given the very small scale of VCs, risks to financial stability may eventually emerge as the new technologies become more widely used. National authorities have begun to address these challenges and will need to calibrate regulation in a manner that appropriately addresses the risks without stifling innovation. As experience is gained, international standards and best practices could be considered to provide guidance on the most appropriate regulatory responses in different fields, thereby promoting harmonization and cooperation across jurisdictions.

Author : Rosario Girasa
Publisher : Springer
Page : 274 pages
File Size : 46,7 Mb
Release : 2018-06-29
Category : Business & Economics
ISBN : 9783319785097

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Regulation of Cryptocurrencies and Blockchain Technologies by Rosario Girasa Pdf

The book highlights the rise of Bitcoin, which is based on blockchain technology, and some of the many types of coins and tokens that emerged thereafter. Although Bitcoin and other cryptocurrencies have made national and international news with their dramatic rise and decline in value, nevertheless the underlying technology is being adopted by both industry and governments, which have noted the benefits of speed, cost efficiency, and protection from hacking. Based on numerous downloaded articles, laws, cases, and other materials, the book discusses the digital transformation, the types of cryptocurrencies, key actors, and the benefits and risks. It also addresses legal issues of digital technology and the evolving U.S. federal regulation. The varying treatment by individual U.S. states is reviewed together with attempts by organizations to arrive at a uniform regulatory regime. Both civil and criminal prosecutions are highlighted with an examination of the major cases that have arisen. Whether and how to tax cryptocurrency transactions both in the U.S. and internationally are analyzed, and ends with a speculative narrative of future developments.

Author : Jerry W. Markham
Publisher : Edward Elgar Publishing
Page : 191 pages
File Size : 50,6 Mb
Release : 2023-09-06
Category : Law
ISBN : 9781035318186

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Cryptocurrency Regulation by Jerry W. Markham Pdf

This incisive and thought-provoking book examines the regulation of cryptocurrency trading by state and federal financial services regulators, in order to understand why these statutes proved to be ineffective in regulating this new asset class. Furthermore, it analyzes and evaluates pending proposals in Congress for more effective cryptocurrency regulation.

Author : Marizah Minhat,Mazni Abdullah,Nazam Dzolkarnaini,Noor Sharoja Sapiei
Publisher : Taylor & Francis
Page : 203 pages
File Size : 41,5 Mb
Release : 2023-09-08
Category : Business & Economics
ISBN : 9781000929324

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Cryptocurrency Risk and Governance Challenges by Marizah Minhat,Mazni Abdullah,Nazam Dzolkarnaini,Noor Sharoja Sapiei Pdf

This book provides an interdisciplinary critical perspective regarding risk, uncertainty and governance challenges of cryptocurrencies. It considers the perspectives of several disciplines including accounting, cybersecurity, cyberlaw, economics, ethics, finance, financial regulation, Shariah (Islamic) law and technology. Different from other books on a similar topic, this book's in-depth analysis and critical discourse on cryptocurrency risk categories are supplemented by research evidence gathered from surveys and interviews with stakeholders. The inclusion of an Islamic insight matters given mixed views at present regarding the permissibility of cryptocurrencies and some countries have indeed imposed somewhat restricted functions of cryptocurrencies for non-religious reasons. It is envisaged that this book will help enlighten stakeholders on this aspect of uncertainty and inspire fit and proper governance strategies for the public interest.

Author : Chris Brummer
Publisher : Oxford University Press
Page : 376 pages
File Size : 55,6 Mb
Release : 2019-09-12
Category : Law
ISBN : 9780190077334

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Cryptoassets by Chris Brummer Pdf

Cryptoassets represent one of the most high profile financial products in the world, and fastest growing financial products in history. From Bitcoin, Etherium and Ripple's XRP-so called "utility tokens" used to access financial services-to initial coin offerings that in 2017 rivalled venture capital in money raised for startups, with an estimated $5.6 billion (USD) raised worldwide across 435 ICOs. All the while, technologists have hailed the underlying blockchain technology for these assets as potentially game changing applications for financial payments and record-keeping. At the same time, cryptoassets have produced considerable controversy. Many have turned out to be lacklustre investments for investors. Others, especially ICOs, have also attracted noticeable fraud, failing firms, and alarming lapses in information-sharing with investors. Consequently, many commentators around the world have pressed that ICO tokens be considered securities, and that concomitant registration and disclosure requirements attach to their sales to the public. This volume assembles an impressive group of scholars, businesspersons and regulators to collectively write on cryptoassets. This volume represents perspectives from across the regulatory ecosystem, and includes technologists, venture capitalists, scholars, and practitioners in securities law and central banking.

Author : Shaen Corbet
Publisher : Walter de Gruyter GmbH & Co KG
Page : 217 pages
File Size : 40,6 Mb
Release : 2021-12-06
Category : Business & Economics
ISBN : 9783110718577

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Understanding cryptocurrency fraud by Shaen Corbet Pdf

This handbook focuses on the key issues that continue to hinder the formal development of cryptocurrencies as a mainstream financial asset. It primarily examines reputationally damaging events, particularly those related to illicit behavior. The goal of the handbook is to determine whether some of these events could be mitigated by improved or at least coordinated international regulation. The handbook will be useful for specialist technical audiences such as legal, accounting and financial practices. It will also be beneficial for upper level masters and research students in economics, law, accounting, taxation, investment and portfolio management.

Author : JOSIAS. DEWEY
Publisher : Unknown
Page : 128 pages
File Size : 47,5 Mb
Release : 2018
Category : Electronic
ISBN : 1912509350

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GLOBAL LEGAL INSIGHTS - BLOCKCHAIN & CRYPTOCURRENCY REGULATION. by JOSIAS. DEWEY Pdf