Rethinking the Case for Crypto Regulation

John Thornton

doi:10.1515/ev-2026-0015

Rethinking the Case for Crypto Regulation

John Thornton

Ysgol Busnes Albert Gubay

Allbwn ymchwil: Cyfraniad at gyfnodolyn › Erthygl › adolygiad gan gymheiriaid

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The United States (US) and European Union (EU) have opted to extend the regulatory perimeter to incorporate crypto-related activities. This risks the integrity and stability of the financial system. Defining features of the crypto world are fraud, theft and facilitating criminal activity; so far at least, it does little to support the real (legal) economy. The risk is that by conferring legitimacy on crypto, regulation will increase the demand for crypto assets, entrench a highly volatile asset in traditional financial institutions, undermine market discipline, and increase financial instability.

Iaith wreiddiol	Saesneg
Cyfnodolyn	Economists' Voice
Dyddiad ar-lein cynnar	6 Mai 2026
Dynodwyr Gwrthrych Digidol (DOIs)	https://doi.org/10.1515/ev-2026-0015
Statws	E-gyhoeddi cyn argraffu - 6 Mai 2026

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Rethinking the Case for Crypto Regulation

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