Regulation of Cryptocurrencies. Necessity and Approaches

In todays digitalized world that has seen the inexorable rise of the internet and its related technological advances, it was only a question of time until our financial system would be improved upon by digital technology. The emergence of so-called cryptocurrency, with Bitcoin undoubtably being the most prominent one, has therefore subsequently led to new ways of payment and storage of money. Especially Bitcoin, however, has had its fair share of illicit and criminal activities. It is for this reason, that Daniel Werner in his work has embarked upon examining the more disadvantageous side of this technology. He is therefore investigating which dangers might be inherited by Bitcoin and other cryptocurrencies and how regulatory measures could effectively ease those concerns. He stresses how important the management of these questions by governmental administration is, not only with regard to cryptocurrencies but to financial institutions and companies alike. In this book: - Cryptocurrency; - Blockchain; - Consumer protection; - Global Regulatory Approaches