Rethinking the Regulation of Cryptoassets

Cryptographic Consensus Technology and the New Prospect

Inbunden, Engelska, 2021

2 429 kr

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This thought-provoking book challenges the way we think about the regulation of cryptoassets based on cryptographic consensus technology. Bringing a timely new perspective, Syren Johnstone critiques the application of a financial regulation narrative to cryptoassets, questions the assumptions on which it is based, and considers its impact on industry development.Providing new insights into the dynamics of oversight regulation, Johnstone argues that the financial narrative stifles the 'New Prospect' for the formation of novel commercial relationships and institutional arrangements. The book asks whether regulations developed in the 20th century remain appropriate to apply to a technology emerging in the 21st, suggesting it is time to think about how to regulate for ecosystem development. Johnstone concludes with proposals for reform, positing a new framework that facilitates industry aspirations while remaining sustainable and compatible with regulatory objectives.Rethinking the Regulation of Cryptoassets will be an invaluable read for policy makers, regulators and technologists looking for a deeper understanding of the issues surrounding cryptoasset regulation and possible alternative approaches. It will also be of interest to scholars and students researching the intersection of law, technology, regulation and finance.

Produktinformation

Utgivningsdatum2021-09-28
Mått156 x 234 x undefined mm
FormatInbunden
SpråkEngelska
SerieRethinking Law series
FörlagEdward Elgar Publishing Ltd
ISBN9781800886780

Tillhör följande kategorier

Finansrätt inom Juridik
IT-säkerhet inom Data och IT

Contents: About the author Foreword Preface Why cryptoasset regulation needs rethinking: an introduction PART I THE INITIAL JOURNEY Acquiring the tradition 2 Cypher fundamentals 3 Responses from the centre PART II THE PRIMARY ISSUES 4 Applying securities laws to cryptoassets 5 Regulatory building blocks and other concerns 6 Complexities in a developing technology PART III THE SECONDARY MARKET 7 An emerging market 8 Cryptoexchange models 9 The concept of an exchange 10 Regulatory concerns PART IV INFLUENCES AND CONSIDERATIONS 11 The ordering of progress 12 Ecosystem development 13 Incrementalism and paradigms PART V FUTURE DIRECTIONS 14 Responding to change 15 Proposals for policy development 16 The origin of cryptocommunity Suggested readings Postscript Index

‘Prof. Johnstone’s book on the regulation of cryptoassets forces us to think twice about the way we try to regulate the digital economy. He challenges the habit of the regulators to push new disruptive ideas and instruments into old frames and concepts, and invites them to move out of their comfort zone. Rethinking the Regulation of Cryptoassets is a complete account of the challenges we face in developing a crypto-economy and proposes a coherent and sustainable regulatory framework that ensures both market efficiency and technological relevance.’