Studia Iuridica

GOVERNMENTAL INFLUENCE ON CRYPTO ASSETS IN FINANCE: A CASE STUDY OF GERMAN REGULATORY INITIATIVES

2023, 98, No. 1

Cam-Duc Au

0000-0001-7448-1642

Martin Svoboda

DOI

10.31338/2544-3135.si.2023-98.1

Publication date

30.09.2023

Publishing model

open access

License type

CC BY 4.0 Int.

Field

Law

Discipline

law

Language of publication

English

Downloads

PDF 305 KB

Article

Number of views:143

Number of downloads:54

Crossref citations:0

Altmetric score:0

Abstract

We review the case study of Germany with its regulatory initiatives regarding the possible governmental influence on crypto assets in finance. In doing so, we conclude that regulation shows adequate tendencies to foster innovation and adaption of digital assets such as crypto securities or currencies. This can mainly be referred to as creating a legal framework in favor of consumer protection, thereby reducing operational and reputational risks for financial companies which seek to engage in the digital assets business.

Keywords:

Bibliography

Ahelegbey D. F., Giudici P., Mojtahedi F., Tail risk measurement in crypto-asset markets, International Review of Financial Analysis, 2021

https://doi.org/10.2139/ssrn.3556854

Bonaparte Y., Bernile G., A new "Wall Street Darling?" effects of regulation sentiment in cryptocurrency markets, Finance Research Letters, Vol. 52, 2023, No. 103376

https://doi.org/10.1016/j.frl.2022.103376

Chimienti M. T., Kochanska U., Pinna A., Understanding the crypto-asset phenomenon, its risks and measurement issues, Economic Bulletin Articles, 2019

Copestake A., Furceri D., Gonzalez-Dominguez P., Crypto market responses to digital asset policies, Economics Letters, Vol. 222, 2023, No. 110949

https://doi.org/10.1016/j.econlet.2022.110949

Dumas J. G., Jimenez-Garcès S., Șoiman F., Blockchain technology and crypto-assets market analysis: vulnerabilities and risk assessment, 12th International Conference on Complexity, Informatics and Cybernetics, Vol. 1, 2021

Ferreira A., Sandner P., Eu search for regulatory answers to crypto assets and their place in the financial markets' infrastructure, Computer Law & Security Review, Vol. 43, 2021, No. 105632

https://doi.org/10.1016/j.clsr.2021.105632

Griffith T., Clancey-Shang D., Cryptocurrency regulation and market quality, Journal of International Financial Markets, Institutions and Money, Vol. 84, 2023, No. 101744

https://doi.org/10.1016/j.intfin.2023.101744

Houben R., Snyers A., Crypto-assets. Key developments, regulatory concerns and responses. Policy Department for Economic, Scientific and Quality of Life Policies Directorate-General for Internal Policies. PE 648. 779, 2020

Huang S.S., Crypto assets regulation in the UK: an assessment of the regulatory effectiveness and consistency, Journal of Financial Regulation and Compliance, 29(3), 2021

https://doi.org/10.1108/JFRC-06-2020-0062

Stix H., Ownership and purchase intention of crypto-assets: Survey results, Empirica, 48(1), 2021

https://doi.org/10.1007/s10663-020-09499-x

Ungson G. R., Soorapanth S., The ASEAN blockchain roadmap. Asia and the Global Economy, Vol. 2(3), 2022, No. 100047.

https://doi.org/10.1016/j.aglobe.2022.100047

Winnowicz K., Au C-D, Stein D., Crypto Regulation within the European Union (1 July 2021), https://ssrn.com/abstract=4194771 or (accessed: 18th April 2023)

https://doi.org/10.2139/ssrn.4194771

Zetzsche D. A., Annunziata F., Arner D. W., Buckley R. P., The Markets in Crypto-Assets regulation (MiCA) and the EU digital finance strategy, Capital Markets Law Journal, 16(2), 2021

https://doi.org/10.1093/cmlj/kmab005

Similar publications