29 Pages Posted: 11 Jan 2019 Last revised: 11 Nov 2019
Date Written: December 31, 2018
What are cryptocurrencies: securities, commodities, or something else? Maybe they are a new form of established currency―a non-sovereign fiat currency. By shooting across the bow of the securities vs. commodities debate, this Essay calls on regulators and academics to rethink their assumptions about cryptocurrencies and the communities that develop them.
Keywords: cryptocurrency, cryptocurrencies, securities, commodities, currencies, regulation, sovereign, community
JEL Classification: K1, K11, K2, K20, K22, K23, K29, K33, K42, G00, G20, G21, G23, G28, G29, G38, G39, Z1, Z10, Z18, Z19
Suggested Citation: Suggested Citation