The New York regulatory response to virtual currency risks Cover Image

Nowojorska odpowiedź regulacyjna na ryzyka związane z wirtualnymi walutami
The New York regulatory response to virtual currency risks

Author(s): Tomasz Tomczak
Subject(s): Law, Constitution, Jurisprudence
Published by: Uniwersytet Opolski
Keywords: virtual currency; crypto-currency; crypto-assets

Summary/Abstract: This paper indicates the main risks connected with virtual currencies and showswhat the New York regulatory response to them was. Because some time has passed sincethe adoption of the appropriate laws, the effect of the regulation can also be assessed. Basedon described research, the thesis is put forward that even an onerous regulation of virtualcurrency in certain jurisdictions should not lead to suppressing this financial innovation.Therefore, states should regulate crypto-assets to attract the branch which currently hasa huge potential to growth.

  • Issue Year: 19/2021
  • Issue No: 4
  • Page Range: 55-71
  • Page Count: 18
  • Language: English