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.
You are not authenticated to view the full text of this chapter or article.
Get access to the full article by using one of the access options below.