2017
DOI: 10.1108/jfrc-08-2016-0068
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Regulatory issues in blockchain technology

Abstract: Purpose This paper aims to examine the key regulatory challenges impacting blockchains, innovative distributed technologies, in the European Union (EU) and the USA. Design/methodology/approach A qualitative perspective underpins the study. This paper relies on primary data from applicable statutes and secondary data from the public domain including relevant case study insights. Findings The smart regulatory hands-off approach adopted in the EU and the USA to a large extent bodes well for future innovative … Show more

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Cited by 278 publications
(180 citation statements)
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“…Blockchain Technology facilitates all processes in supply chain management that comply with the regulation, distribution, and shared-Blockchain characteristics. These ensure compliance in any activities of industry (Yeoh, 2017…”
Section: B Blockchain At Organization Aspect For Compliancementioning
confidence: 99%
“…Blockchain Technology facilitates all processes in supply chain management that comply with the regulation, distribution, and shared-Blockchain characteristics. These ensure compliance in any activities of industry (Yeoh, 2017…”
Section: B Blockchain At Organization Aspect For Compliancementioning
confidence: 99%
“…In the financial sector, the implications of cryptocurrencies and also smart contracting were quickly understood also with regard to their quality to eliminate the need for services from central counterparties such as banks [14]. Forced by the success of unregulated cryptocurrencies and other DLT-based financial technology (FinTech) services, which had grown to a sizable global economic entity by the mid of the second decade of the 21 st century, lawmakers and regulators around the world began to investigate the options for regulating the novel phenomena for reasons of gaining control over DLT-based money flows (in terms of anti-money laundering and anti-terrorist financing interests) as well as for establishing baseline security and protection for investors and investments [3,7,19,21,24,34].…”
Section: Introductionmentioning
confidence: 99%
“…This cryptocurrency gains its popularity as a means of settling e A Bitcoin transaction was introduced based on cryptographic, allowing two parties to transact directly with each other withou need for a trusted third party. This transaction routine escrow mechanisms could easily be implemented to protect buyers (Nakamoto, 2009) that underlie bitcoincryptocurrency in one sense, are nothing more than a modernizing sense, are novel and disruptive (Yeoh, 2017).…”
Section: Introductionmentioning
confidence: 99%