Description
Book SynopsisLess than a decade after the Financial Crisis, we are witnessing the fast emergence of a new financial order driven by three different, yet interconnected, dynamics: first, the rapid application of technology - such as big data, machine learning, and distributed computing - to banking, lending, and investing, in particular with the emergence of virtual currencies and digital finance; second, a disintermediation fuelled by the rise of peer-to-peer lending platforms and crowd investment which challenge the traditional banking model and may, over time, lead to a transformation of the way both retail and corporate customers bank; and, third, a tendency of de-bureaucratisation under which new platforms and technologies challenge established organisational patterns that regulate finance and manage the money supply.These changes are to a significant degree driven by the development of blockchain technology. The aim of this book is to understand the technological and business potential of the
Trade ReviewThe book provides an excellent survey of the legal implications of blockchain, and of the legal challenges FinTech entrepreneurs are facing when they want to develop blockchain applications. It shows that blockchain clearly is not the answer to everything, but that it can make a difference in many aspects of FinTech and beyond. * Dr. Robert Kilian, General Counsel and Chief Representative, N26 Group *
Regulating Blockchain is an impressively rich and interdisciplinary collection of essays on all aspects of blockchain development, including cryptocurrencies and other forms of decentralized financial technology. Essential reading for anyone interested in the interaction of law and technology in the financial sector and the possible futures of money, banking, and credit in a globalizing world. * David Singh Grewal, Professor of Law, University of California, Berkeley. Author of 'Network Power: The Social Dynamics of Globalization' *
Table of ContentsPhilipp Hacker, Ioannis Lianos, Georgios Dimitropoulos and Stefan Eich: Regulating Blockchain: Techno-Social and Legal Challenges - An Introduction Part I: Technological and Business Challenges of Blockchain Technology 1: Paolo Tasca and Riccardo Piselli: The Blockchain Paradox 2: Aaron Wright and Jonathan Rohr: Blockchains, Private Ordering and The Future of Governance 3: Angela Walch: In Code(rs) We Trust: Software Developers as Fiduciaries in Public Blockchains Part II: Blockchain and the Future of Money 4: Stefan Eich: Old Utopias, New Tax Havens: The Politics of Bitcoin in Historical Perspective 5: Claus D. Zimmermann: Monetary Policy in the Digital Age 6: Georgios Dimitropoulos: Global Currencies and Domestic Regulation: Embedding through Enabling? 7: Philipp Hacker: Corporate Governance for Complex Cryptocurrencies? A Framework for Stability and Decision Making in Blockchain-Based Organizations Part III: Blockchain and the Future of Banking, Finance, Insurance and Securities Regulation 8: Rohan Grey: Banking in a Digital Fiat Currency Regime 9: Jonathan Greenacre: Regulating the Shadow Payment System: Bitcoin, Mobile Money and Beyond 10: Michael Abramowicz: Blockchain-Based Insurance 11: Alexandros Seretakis: Blockchain, Securities Markets and Central Banking 12: Philipp Hacker and Chris Thomale: The Crypto-Security: Initial Coin Offerings and EU Securities Regulation 13: Houman Shadab: Regulation of Blockchain Token Sales in the United States Part IV: Beyond Finance: Blockchain as a legal and regulatory challenge 14: Agnieszka Janczuk-Gorywoda: Blockchain and Payment Systems: A Tale about Re-Intermediation 15: Florian Möslein: Conflicts of Laws and Codes: Defining the Boundaries of Digital Jurisdictions 16: Pietro Ortolani: The Judicialisation of Blockchain 17: Roger Brownsword: Smart Contracts: Coding the Transaction, Decoding the Legal Debates Part V: Connecting the Dots: Competitive Advantage and Regulation in the Era of Blockchain 18: Ioannis Lianos: Blockchain Competition. Gaining Competitive Advantage in the Digital Economy: Competition Law Implications
