Global Cryptoasset Regulatory Landscape Study

123 Pages Posted: 24 May 2019

See all articles by Apolline Blandin

Apolline Blandin

University of Cambridge - Cambridge Centre for Alternative Finance

Ann Sofie Cloots

University of Cambridge, Faculty of Law

Hatim Hussain

Gujarat National Law University; University of Cambridge - Cambridge Centre for Alternative Finance

Michel Rauchs

University of Cambridge - Cambridge Centre for Alternative Finance

Rasheed Saleuddin

University of Cambridge

Jason G Allen

Humboldt-Universität zu Berlin Großbritannien-Zentrum; UNSW Faculty of Law; University of Tasmania School of Law

Bryan Zheng Zhang

Cambridge Centre for Alternative Finance, Cambridge Judge Business School, University of Cambridge

Katherine Cloud

University of Cambridge - Cambridge Centre for Alternative Finance

Date Written: April 16, 2019

Abstract

The first global comparative study of cryptoasset regulation by the Cambridge Centre for Alternative Finance provides a comprehensive, systematic, and comparative analysis of the current regulatory landscape of cryptoassets and related activities. The study covers 23 jurisdictions and is based on both desktop research and in-person interviews with regulators and policymakers.

The report aims to compare and contrast various regulatory approaches and practices with regards to cryptoassets in a number of jurisdictions and shed light on current regulatory challenges and opportunities. The study serves as a practical and analytical tool for regulators, market participants, and other stakeholders in the cryptoasset ecosystem.

Section 1 sets out a theoretical framework to conceptualise cryptoassets and related activities. It looks at three key aspects in a regulatory context: (1) the nature and form of cryptoassets, (2) the issuance of cryptoassets, and (3) intermediated activities in the life cycle of cryptoassets. A number of regulatory recommendations are brought forward.

Section 2 provides a global comparative analysis of cryptoasset regulation in 23 jurisdictions. It examines regulatory authorities regulating cryptoassets, their current definition and classification of cryptoassets and related activities, as well as regulatory processes and responses (e.g. existing regulation, retrofitted regulation, bespoke regulation and bespoke regulatory regime).

Section 3 highlights some of the most salient challenges and potential gaps that stem from the development and implementation of cryptoasset regulation.

Section 4 consists of an in-depth analysis of cryptoasset regulations in 23 jurisdictions that constitute the backbone of the comparative analysis.

Keywords: Cryptoassets; Bitcoin; Ether; Digital assets; Cryptocurrency; Blockchain

Suggested Citation

Blandin, Apolline and Cloots, Ann Sofie and Hussain, Hatim and Rauchs, Michel and Saleuddin, Rasheed and Allen, Jason G and Zhang, Bryan Zheng and Cloud, Katherine, Global Cryptoasset Regulatory Landscape Study (April 16, 2019). Available at SSRN: https://ssrn.com/abstract=3379219 or http://dx.doi.org/10.2139/ssrn.3379219

Apolline Blandin

University of Cambridge - Cambridge Centre for Alternative Finance ( email )

10 Trumpington Street
Cambridge, CB21QA
United Kingdom

Ann Sofie Cloots

University of Cambridge, Faculty of Law ( email )

10 West Road
Cambridge, CB3 9DZ
United Kingdom

Hatim Hussain

Gujarat National Law University ( email )

Attalika Avenue
Knowledge Corridor
Koba, Gujarat, 382007
India

University of Cambridge - Cambridge Centre for Alternative Finance ( email )

10 Trumpington Street
Cambridge, CB21QA
United Kingdom

Michel Rauchs (Contact Author)

University of Cambridge - Cambridge Centre for Alternative Finance ( email )

10 Trumpington Street
Cambridge, CB21QA
United Kingdom

Rasheed Saleuddin

University of Cambridge ( email )

Trinity Ln
Cambridge, CB2 1TN
United Kingdom

Jason G Allen

Humboldt-Universität zu Berlin Großbritannien-Zentrum ( email )

Mohrenstr. 60
Berlin, Berlin 10117
Germany

UNSW Faculty of Law ( email )

Kensington, New South Wales 2052
Australia

University of Tasmania School of Law ( email )

Private Bag 89
Hobart
Tasmania, 7001
Australia

Bryan Zheng Zhang

Cambridge Centre for Alternative Finance, Cambridge Judge Business School, University of Cambridge ( email )

Trumpington Street
Cambridge, CB2 1AG
United Kingdom

HOME PAGE: http://www.jbs.cam.ac.uk/ccaf

Katherine Cloud

University of Cambridge - Cambridge Centre for Alternative Finance ( email )

10 Trumpington Street
Cambridge, CB21QA
United Kingdom

Register to save articles to
your library

Register

Paper statistics

Downloads
220
Abstract Views
937
rank
137,720
PlumX Metrics