1st Edition

Crypto-Finance, Law and Regulation Governing an Emerging Ecosystem

By Joseph Lee Copyright 2022
    252 Pages 4 B/W Illustrations
    by Routledge

    252 Pages 4 B/W Illustrations
    by Routledge

    Crypto-Finance, Law and Regulation investigates whether crypto-finance will cause a paradigm shift in regulation from a centralised model to a model based on distributed consensus.

    This book explores the emergence of a decentralised and disintermediated crypto-market and investigates the way in which it can transform the financial markets. It examines three components of the financial market – technology, finance, and the law – and shows how their interrelationship dictates the structure of a crypto-market. It focuses on regulators’ enforcement policies and their jurisdiction over crypto-finance operators and participants. The book also discusses the latest developments in crypto-finance, and the advantages and disadvantages of crypto-currency as an alternative payment product. It also investigates how such a decentralised crypto-finance system can provide access to finance, promote a shared economy, and allow access to justice.

    By exploring the law, regulation and governance of crypto-finance from a national, regional and global viewpoint, the book provides a fascinating and comprehensive overview of this important topic and will appeal to students, scholars and practitioners interested in regulation, finance and the law.

    1. Introduction  2. Distributed ledger technologies in capital markets  3. Crypto-assets law and regulation  4. Smart contracts and financial transactions: practice, risk, and governance  5. Regulatory objectives for cryptocurrency systems: unstable coins, stable coins and state-backed cryptocurrency  6. Security Token Offering (STO) and investor protection  7. Access to finance and Artificial Intelligence on blockchain network  8. DLT-based crowdfunding platforms and investor protection  9. The economics and politics of data and its legal protection in cryptocurrencies  10. The Peer-to-Peer Energy Trading Platform  11. Code-as-law in financial markets: functions, risks and governance  12. Conclusion

    Biography

    Joseph Lee is a Reader in law in the School of Law at the University of Manchester, UK.