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Brown, Claude; Dolan, Tim; Butler, Karen --- "CRYPTOASSETS AND INITIAL COIN OFFERINGS" [2019] ELECD 2004; in Madir, Jelena (ed), "FinTech" (Edward Elgar Publishing, 2019) 74

Book Title: FinTech

Editor(s): Madir, Jelena

Publisher: Edward Elgar Publishing

Section: Chapter 4

Section Title: CRYPTOASSETS AND INITIAL COIN OFFERINGS

Author(s): Brown, Claude; Dolan, Tim; Butler, Karen

Number of pages: 28

Abstract/Description:

The growth in cryptoassets and the use of initial coin offerings (ICOs) has been met with a patchwork of regulatory approaches and a lack of coordinated international regulatory response. Some national regulators have banned activities relating to cryptoassets outright, whilst others have devised a discrete regulatory regime for them or sought to fit them into their existing financial regulatory frameworks. In some countries, financial regulators have to deal with conflicting interests of monetary authorities, revenue-raising bodies and politicians when trying to formulate a response to the challenges posed by cryptoassets and related fundraising activities such as ICOs. This chapter provides a high-level overview of the nature and use of cryptoassets and initial coin offerings by analysing their regulatory treatment in several key markets: the UK, the US and Asia.