Blockchain Business and its Regulation

Makoto Yano, Chris Dai, Kenichi Masuda and Yoshio Kishimoto

Policy Discussion Papers from Research Institute of Economy, Trade and Industry (RIETI)

Abstract: As the blockchain industry is becoming larger, a new decentralized financial ecosystem is now developing. New financial devices, represented by terms like tokens, coins and ICOs are introduced to finance projects on blockchain. Many countries are now studying how to deal with this new financial ecosystem. The U.S. is now regulating it by the Securities Act whereas Japan is applying the Money Settlement Act and the Financial Instruments and Exchange Act. In this paper, without going into country-specific regulatory issues, we will investigate how the society may deal with the new decentralized financial ecosystem from the regulatory viewpoint.

Pages: 18 pages
Date: 2019-11
New Economics Papers: this item is included in nep-pay
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Citations: View citations in EconPapers (2)

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https://www.rieti.go.jp/jp/publications/pdp/19p030.pdf (application/pdf)

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Chapter: Blockchain Business and Its Regulation (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:eti:polidp:19030

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