web3/claims/is-legal.md

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Legality of crypto assets

Crypto assets are unlicensed security contracts for unregulated speculative investments. The legality of this depends on jurisdiction.

References

  1. Bindseil, Ulrich, Patrick Papsdorf, and Jü rgen Schaaf. 2022. The Encrypted Threat: Bitcoins Social Cost and Regulatory Responses.
  2. Diehl, Stephen. 2021a. The Political Case for a Blanket Cryptocurrency Ban. 30 March 2021. https://www.stephendiehl.com/blog/banbitcoin.html. ———. 2021b. How to Destroy Bitcoin. 13 July 2021. https://www.stephendiehl.com/blog/destroy-bitcoin.html.
  3. Guidance on Cryptoassets. 2019. Financial Conduct Authority. https://www.fca.org.uk/publication/consultation/cp19-03.pdf#page=11.
  4. Hacker, Philipp, and Chris Thomale. 2018. Crypto-Securities Regulation: ICOs, Token Sales and Cryptocurrencies under EU Financial Law. European Company and Financial Law Review 15 (4): 64596.
  5. Huang, Sherena Sheng. 2021. Crypto Assets Regulation in the UK: An Assessment of the Regulatory Effectiveness and Consistency. Journal of Financial Regulation and Compliance.
  6. Rae, Shaela W, and Lorraine Mastersmith. 2019. Crypto Asset Trading in Canada: Entering a New Era of Regulation. Banking & Finance Law Review 35 (1): 15385.
  7. Shri T Rabi Sankar. n.d. Cryptocurrencies An Assessment. Reserve Bank of India. Accessed 2 March 2022. https://rbi.org.in/Scripts/BS_SpeechesView.aspx?Id=1196.
  8. Zwitter, Andrej, and Jilles Hazenberg. 2020. Decentralized Network Governance: Blockchain Technology and the Future of Regulation. Frontiers in Blockchain 3. https://www.frontiersin.org/article/10.3389/fbloc.2020.00012.