Cryptoassets in payments and payment services

.

Chapter 10 in Financial Services Law and Distributed Ledger Technology, 2024, pp 236-272 from Edward Elgar Publishing

Abstract: This chapter considers the payment services legislation in relation to exchange tokens, e-money tokens and stablecoins. The extent of centralisation will be key to the regulatory treatment of a particular DLT-based service and the digital assets through which it operates. The chapter shows how Cryptoasset Service Providers (CASPs) perform much the same activities as traditional payment services providers and are most likely subject to the same regulations. The analysis requires more nuance though when applied to decentralised models where the activities of traditionally centralised financial intermediaries are replaced entirely by software providers and, in some cases, by individual developers, as in the case of Bitcoin.

Keywords: Law - Academic; Law - Professional (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781035300884.00019 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:21933_10

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().