Distributed Ledger Technology and Digital Assets - Policy and Regulatory Challenges in Asia
Asian Development Bank Economics Research Report
UNSW Law Research Paper No. 19-60
University of Hong Kong Faculty of Law Research Paper No. 2019/040
65 Pages Posted: 8 Jul 2019 Last revised: 17 Jun 2020
Douglas W. Arner
The University of Hong Kong - Faculty of Law
Ross P. Buckley
University of New South Wales (UNSW) - Faculty of Law
Anton N. 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); European Banking Institute
Bo Zhao
University of Hong Kong - Faculty of Business and Economics; International Monetary Fund
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: Suggested Citation
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 N. 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
International Monetary Fund ( email )
700 19th St NW, Washington
Washington, DC 20036
United States
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