The Ethics of Investing in Cryptocurrencies

Michael Conklin & Reuben Ceballos, The Ethics of Investing in Cryptocurrencies, (with Dr. Ruben Ceballos) 21 FLA ST. BUS. REV. 69 (2022).

20 Pages Posted: 13 Oct 2021 Last revised: 18 May 2022

See all articles by Michael Conklin

Michael Conklin

Angelo State University - Business Law

Ruben Ceballos

Angelo State University

Date Written: September 1, 2021

Abstract

Much has been written about the sudden rise of cryptocurrencies, but there remains a glaring gap in the literature as to whether investing in cryptocurrencies is ethical. This first-of-its-kind Article aims to fill that gap by providing an in-depth ethical analysis based on a classical utilitarian framework comparing arguments for and against cryptocurrency investing. Topics covered include traditional views of ethical investing, environmental considerations, the support of illegal transactions, diverting funds from traditional investments which provide more societal benefit, unique U.S. considerations, efficacy as currency, and corporate social responsibility. Such analysis invites future research into this emerging, multi-trillion-dollar industry.

Keywords: Bitcoin, Cryptocurrency, Blockchain, Ethics, Utilitarian, Ethical Investing, Finance, Illegal transactions, Black market, Environment

Suggested Citation

Conklin, Michael and Ceballos, Ruben, The Ethics of Investing in Cryptocurrencies (September 1, 2021). Michael Conklin & Reuben Ceballos, The Ethics of Investing in Cryptocurrencies, (with Dr. Ruben Ceballos) 21 FLA ST. BUS. REV. 69 (2022)., Available at SSRN: https://ssrn.com/abstract=3919795

Michael Conklin (Contact Author)

Angelo State University - Business Law ( email )

United States

Ruben Ceballos

Angelo State University

2601 W. Avenue N
San Angelo, TX 76909
United States

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