Download This PaperRegulating LIBRA: The Transformative Potential of Facebook’s Cryptocurrency and Possible Regulatory Responses
European Banking Institute Working Paper Series 2019/44
University of New South Wales Law Research Series UNSWLRS 19-47
University of Hong Kong Faculty of Law Research Paper No. 2019/042
University of Luxembourg Faculty of Law Research Paper
Oxford Journal of Legal Studies (Forthcoming)
30 Pages Posted: 11 Jul 2019 Last revised: 15 Jan 2020
Date Written: July 11, 2019
Abstract
Libra is the first private cryptocurrency with the potential to change the worldwide payment and monetary system landscape. Due to the scale and reach provided by its affiliation with Facebook, the question will be not whether, but how, to regulate it. This short paper introduces the Libra project and analyses the potential responses open to regulators worldwide.
Keywords: Cryptocurrencies, Data Protection, Digital Identity, FinTech, Financial Regulation, Data Protection, Payment Services, Systemic Risk, Financial Inclusion
JEL Classification: D23, G38, K22, L22, M15, O16
Suggested Citation: Suggested Citation
Ross P. Buckley (Contact Author)
University of New South Wales (UNSW) - UNSW Law & Justice ( email )
Sydney, New South Wales 2052
Australia
The University of Hong Kong - Faculty of Law ( email )
Pokfulam Road
Hong Kong, Hong Kong
China
HOME PAGE: http://hub.hku.hk/rp/rp01237