Drivers of cryptocurrency regulation: cross-country empirical evidence from US congress data
Mete Feridun
Applied Economics Letters, 2025, vol. 32, issue 16, 2380-2383
Abstract:
This article undertakes a cross-country empirical analysis of the cryptocurrency regulations from around the world based on a data set drawn from the November 2021 Update of the United States Law Library of Congress report on the regulation of cryptocurrencies around the world. Based on the cross-country information provided in the report, a binary variable was constructed to reflect cryptocurrency regulations in the form of an application of tax legislation and/or anti-money laundering and counter-terrorist financing (AML/CFT) laws at the jurisdiction level. Results of cross-country logit regressions show that cryptocurrency regulation is significantly and positively associated with perceptions of corruption and bribery and significantly and negatively associated with AML/CFT framework and price stability policy.
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:32:y:2025:i:16:p:2380-2383
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DOI: 10.1080/13504851.2024.2332593
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