Blockchain Based Organizations and the Governance of On-Chain and Off-Chain Rules: Towards Autonomous (Legal) Orders?

Cappiello, B.

doi:10.1007/978-3-030-52722-8_2

Cited by 4 publications

(1 citation statement)

References 31 publications

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“…The technologies used to develop a blockchain are the result of already existing technologies. That is to say that blockchain protocols did not come out of the blue, instead, they are the unique combination of old technologies already developed to build decentralized networks (Cappiello, 2020). Solid regulatory frameworks are established very similarly, but at a slower pace, each regulation is built on previous legal frameworks.…”

Section: Classification Of Crypto Assetsmentioning

confidence: 99%

Legal Status And Regulation Of Crypto-Assets

Dominguez¹

2022

The European Proceedings of Social and Behavioural Sciences

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Blockchain and distributed ledger technologies are disrupting the world as we know it. Cryptocurrencies are increasingly been adopted not only by a large number of retail investors but financial institutions and even countries are embracing them. Nonetheless, there is a significant number and types of cryptocurrencies and, their treatment will likely depend on their legal status, use, and nature. Some jurisdictions may equate the legal status of cryptocurrencies to commodities or property, others may consider them to be digital currencies or legal tenders, while others may treat them as securities, financial instruments, or as a different asset class such as digital assets. Consequently, countries may regulate a cryptocurrency in different legal categories and might be overseen by a range of authorities depending on their use case and nature. This article aspires to shed some light on legal grey areas by studying how cryptocurrencies are regulated in a variety of jurisdictions and how their legal status is defined.

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Section: Classification Of Crypto Assetsmentioning

confidence: 99%