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dc.contributor.authorLee, J
dc.date.accessioned2020-07-27T11:08:14Z
dc.date.issued2021
dc.description.abstractThis paper looks at the importance of the law in a crypto-market and recognises that the market is a legal construct and so is the crypto-market. Private law matters as it provides legal certainty for market transactions. Regulatory intervention is required for a market as it can enhance legal certainty, mitigate legal and market risks, and address market failure. Currently there are different types of cryptoasset on the market. There are also several possible cryptoassets that are currently been imagined and could in the future enter the market. This phenomenon has created confusion. Cryptoassets keep developing alongside law and regulation. Using the existing private law concepts to engage in legal taxonomy exercises for these cryptoassets can lead to unsatisfactory results. Equally, applying the current regulatory ethos and framework to them has a significant risk of stifling financial innovation in the crypto-market. A new type of social contract is required to define the stakeholders and their relationships with law and regulation. This new social contract should reflect the desire to cross or even transcend national boundaries, the mistrust in the current centralised and intermediated market structure, the needs of the currently excluded, and a reformed power structure of global financial regulation.en_GB
dc.identifier.citationIn: Routledge Handbook on FinTech and Law – Regulatory, Supervisory, Policy and other Legal Challenges, edited by I. Chiu and G. Deipenbrocken_GB
dc.identifier.urihttp://hdl.handle.net/10871/122161
dc.language.isoenen_GB
dc.publisherRoutledgeen_GB
dc.rights.embargoreasonUnder temporary indefinite embargo pending publication by Routledge. 18 month embargo to be applied on publication  (expected 22 July 2021)en_GB
dc.rights© 2021 Routledgeen_GB
dc.subjectcrypto assetsen_GB
dc.subjecttokenisationen_GB
dc.subjectblockchainen_GB
dc.subjectDLTen_GB
dc.subjectaccess to financeen_GB
dc.subjectsocial contracten_GB
dc.titleLaw and regulation for a crypto-market: perpetuation or innovation?en_GB
dc.typeBook chapteren_GB
dc.date.available2020-07-27T11:08:14Z
dc.descriptionThis is the author accepted manuscript.en_GB
dc.rights.urihttp://www.rioxx.net/licenses/all-rights-reserveden_GB
dcterms.dateAccepted2020-07-24
rioxxterms.versionAMen_GB
rioxxterms.licenseref.startdate2021-07-22
rioxxterms.typeBook chapteren_GB
refterms.dateFCD2020-07-27T11:05:53Z
refterms.versionFCDAM


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