Distributed Ledger Technology and Digital Assets - Policy and Regulatory Challenges in Asia

65 Pages Posted: 8 Jul 2019 Last revised: 16 Sep 2019

See all articles by Douglas W. Arner

Douglas W. Arner

The University of Hong Kong - Faculty of Law

Ross P. Buckley

University of New South Wales (UNSW) - Faculty of Law

Anton Didenko

University of New South Wales (UNSW) - Faculty of Law

Cyn-Young Park

Asian Development Bank

Emilija Pashoska

Universite du Luxembourg - Faculty of Law, Economics and Finance

Dirk A. Zetzsche

Universite du Luxembourg - Faculty of Law, Economics and Finance; Heinrich Heine University Dusseldorf - Center for Business & Corporate Law (CBC)

Bo Zhao

University of Hong Kong - Faculty of Business and Economics; Asian Development Bank - Economic Research and Regional Cooperation Department (ERCD)

Date Written: June 31, 2019

Abstract

This report offers an analytical framework that allows for more systemic assessments of distributed ledger technology (DLT) and its applications. It examines the evolution and typology of the emergent technology, its existing and projected applications, and regulatory and policy issues that they entail. This report highlights the trends, concerns, and potential opportunities of DLTs, especially for Asian markets. It also identifies the benefits and risks to using DLT and offers a functional and proportional approach to these issues.

Keywords: Finance sector development, Financial sector, Financial technology, Information and communications technology

JEL Classification: D23, G38, K22, L22, M15, O16

Suggested Citation

Arner, Douglas W. and Buckley, Ross P. and Didenko, Anton and Park, Cyn-Young and Pashoska, Emilija and Zetzsche, Dirk Andreas and Zhao, Bo, Distributed Ledger Technology and Digital Assets - Policy and Regulatory Challenges in Asia (June 31, 2019). Asian Development Bank Economics Working Paper Series; UNSW Law Research Paper No. 19-60; University of Hong Kong Faculty of Law Research Paper No. 2019/040. Available at SSRN: https://ssrn.com/abstract=3414408

Douglas W. Arner (Contact Author)

The University of Hong Kong - Faculty of Law ( email )

Pokfulam Road
Hong Kong, Hong Kong
China

HOME PAGE: http://hub.hku.hk/rp/rp01237

Ross P. Buckley

University of New South Wales (UNSW) - Faculty of Law ( email )

Sydney, New South Wales 2052
Australia

Anton Didenko

University of New South Wales (UNSW) - Faculty of Law ( email )

Kensington, New South Wales 2052
Australia

Cyn-Young Park

Asian Development Bank ( email )

6 ADB Avenue, Mandaluyong City 1550
Metro Manila
Philippines
(632) 632-5473 (Phone)

HOME PAGE: http://www.adb.org

Emilija Pashoska

Universite du Luxembourg - Faculty of Law, Economics and Finance ( email )

L-1511 Luxembourg
Luxembourg

Dirk Andreas Zetzsche

Universite du Luxembourg - Faculty of Law, Economics and Finance ( email )

Luxembourg, L-1511
Luxembourg

HOME PAGE: http://wwwen.uni.lu/recherche/fdef/research_unit_in_law/equipe/dirk_andreas_zetzsche

Heinrich Heine University Dusseldorf - Center for Business & Corporate Law (CBC) ( email )

Universitaetsstr. 1
D-40225 Düsseldorf
Germany
+49 211 81 15084 (Phone)
+49 211 81 11427 (Fax)

Bo Zhao

University of Hong Kong - Faculty of Business and Economics ( email )

Pokfulam Road
Hong Kong

Asian Development Bank - Economic Research and Regional Cooperation Department (ERCD) ( email )

Philippines

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