Crypto regulation
Abstract
This chapter discusses regulation around an unusual but popular type of crowdfunding: cryptocurrencies. Specifically, we examine initial coin offerings (ICOs), and how this application of crowdfunding mechanism has the promise for economic innovation. The distributed ledger technology, also known as blockchain, is gaining traction globally. Riding on the magnanimous promises of the blockchain secure validation mechanism and decentralized mass collaboration, cryptocurrencies are the newest asset class being introduced to investors worldwide and are being used by companies to raise capital to further their development of the advancement of blockchain technology via ICOs. The substantial inflow of unregulated ...
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