Liability for Unreliable Cryptocurrency Predictions

15 Pages Posted: 28 Nov 2018

Date Written: November 18, 2018

Abstract

Cryptocurrencies have entered the economy as alternative money, as speculation objects, and as utility tokens for innovative service-platforms. Predictions are numerous. While some predict that their value will skyrocket, others predict their collapse. Some predict them to completely transform traditional finance, while others predict that they will become insignificant. This paper addresses the reliability of cryptocurrency predictions. It is found that many predictions are far from reliable, and that unreliable predictions may cause harm. Legal liability for unreliable cryptocurrency predictions is explored, with a particular emphasis on pundit predictions. Regulatory implications are also discussed.

Keywords: Blockchain, Cryptocurrencies, Forecasting, Predictions, Regulation

JEL Classification: G17, G18, K13, K22

Suggested Citation

Østbye, Peder, Liability for Unreliable Cryptocurrency Predictions (November 18, 2018). Available at SSRN: https://ssrn.com/abstract=3286634 or http://dx.doi.org/10.2139/ssrn.3286634

Peder Østbye (Contact Author)

Norges Bank ( email )

P.O. Box 1179
Oslo, N-0107
Norway

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