Crypto-Friendliness: Understanding Blockchain Public Policy

26 Pages Posted: 7 Aug 2018

Date Written: June 20, 2018

Abstract

The purpose of this paper is to conceptualise the chief aspects of policy interest in blockchain technology. Favourable policy dispositions towards blockchain technology are interpreted as political efforts to develop local, blockchain-enabled economies. So-called "crypto-friendly" jurisdictions proactively clarify regulatory and tax treatments of cryptocurrency and other blockchain applications, and trial blockchain uses in fields predominated by public sector activity. Policymakers in countries hostile toward blockchain-related activity have instigated bans or strict limitations with respect to blockchain engagement by developers and users. This paper provides insight to policymakers and blockchain practitioners regarding the attributes of accommodative policies toward distributed ledger technology.

Keywords: blockchain, entrepreneurship, public policy, regulation, taxation

JEL Classification: O33, O38, H20, K20, P50

Suggested Citation

Novak, Mikayla, Crypto-Friendliness: Understanding Blockchain Public Policy (June 20, 2018). Available at SSRN: https://ssrn.com/abstract=3215629 or http://dx.doi.org/10.2139/ssrn.3215629

Mikayla Novak (Contact Author)

RMIT University ( email )

124 La Trobe Street
Melbourne, 3000
Australia

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