Introduction to the Regulation of Digital Asset Currencies

Posted: 3 Apr 2018 Last revised: 25 Apr 2019

See all articles by Isa Seow

Isa Seow

Independent; Isa Seow; University of Auckland

Date Written: March 28, 2018

Abstract

This paper introduces the complexities of regulating digital asset currencies. A cryptocurrency is a decentralised stored value and digital medium of exchange which uses cryptography to secure and verify transactions. Cryptocurrency is highly secure. Bitcoin or Litecoin may be considered cryptocurrency as they are based on cryptography and can represent stored value. These cryptocurrencies are typically not managed by a central body or government. A digital token (or crypto coin), on the other hand, is an encrypted digital asset which can embody a tradeable good. Some coins may reflect the behaviour of securities, whereas others may provide a use or a service to the owner. Digital or crypto coins are created through Initial Coin Offerings (ICOs) and are usually hosted on another currency's block chain.

Keywords: cryptocurrency, regulation, ICO, initial coin offering

JEL Classification: G28

Suggested Citation

Seow, Isa, Introduction to the Regulation of Digital Asset Currencies (March 28, 2018). Available at SSRN: https://ssrn.com/abstract=3152089

Isa Seow (Contact Author)

Independent ( email )

singapore, 018982

Isa Seow ( email )

Private Bag 92019
Auckland Mail Centre
Auckland, 1142
New Zealand

University of Auckland ( email )

Private Bag 92019
Auckland Mail Centre
Auckland, 1142
New Zealand

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