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Books > Law > Laws of other jurisdictions & general law > Financial, taxation, commercial, industrial law > Financial law > Banking law
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Cryptocurrencies and the Regulatory Challenge (Hardcover)
Loot Price: R4,293
Discovery Miles 42 930
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Cryptocurrencies and the Regulatory Challenge (Hardcover)
Series: Routledge Research in the Law of Emerging Technologies
Expected to ship within 12 - 17 working days
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As a social process that places great stock in its stability and
predictability, law does not deal easily or well with change. In a
modern world that is in a constant and rapid state of flux, law is
being placed under considerable stress in its efforts to fulfill
its task as a primary regulator of social and economic behaviour.
This challenge is particularly acute in the realm of technology and
its profound ramifications for social and economic behaviour. The
innovative Techno-Age not only offers fresh ways of handling old
problems, but also throws up entirely new problems; traditional
ways of thinking about and responding to these old and new problems
and their optimal resolution are no longer as tenable as many once
thought. One such example is the burgeoning world of
cryptocurrencies - this peer-to-peer digital network presents a
profound challenge to the status quo of the financial services
sector, to the established modes of state-backed fiat currency, and
to the regulatory authority and reach of law. Taken together, these
related challenges demand the urgent attention of jurists, lawyers
and law reformers. It is the future and relevance of legal
regulation as much as cryptocurrency that is at stake. This book
proposes an approach to regulating cryptocurrency that recognises
and retains its innovative and transformative potential, but also
identifies and deals with some of its less appealing qualities and
implications.
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