Cryptic Regulation of Crypto-Tokens

Joshua Gans

No 31301, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper investigates the alignment of existing securities regulations with the emerging landscape of crypto-tokens and blockchain technology. By examining the features of these digital assets, including decentralization, consensus mechanisms, and programmability, we analyze how they interact with existing financial rules. We compare approaches to regulation across countries, considering potential impacts on innovation. Furthermore, we explore the issues that may arise with blockchain networks, such as payment efficiency and market safety. The study aims to contribute to discussions about balancing innovation within the blockchain sphere and ensuring investor protection and market security, underlining areas that may necessitate regulatory improvements.

JEL-codes: K22 O38 (search for similar items in EconPapers)
Date: 2023-06
New Economics Papers: this item is included in nep-ban, nep-pay and nep-reg
Note: PR
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Published as Cryptic Regulation of Crypto-Tokens , Joshua S. Gans. in Entrepreneurship and Innovation Policy and the Economy, volume 3 , Jones and Lerner. 2024

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Related works:
Journal Article: Cryptic Regulation of Crypto-Tokens (2024)
Chapter: Cryptic Regulation of Crypto-Tokens (2023)
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