CEU Electronic Theses and Dissertations, 2024
| Author | Filimonov, Ihor |
|---|---|
| Title | Cryptocurrency Regulation: A Comparative Analysis Of The European Union And The United States |
| Summary | The global financial crisis in 2008 has undermined the trust in governments and the state-issued currencies, which, along with the emergence of new technologies, especially blockchain, was the main precondition for the emerge of cryptocurrencies. This prompted reactions from many states and international organizations (for instance, OECD, World Bank), and now, after 16 years, we can see how different states have established their exceptional regulatory environment for cryptocurrencies. This thesis is aimed at comparing of the regulatory environments in the US and the EU. These jurisdictions have been chosen due to the fundamental difference in regulatory approaches. While there is a well-established and systematically structured regulatory framework for cryptocurrencies within the EU, covering both EU institutions level and the level of Member States, there are a lot of regulatory uncertainties in the United States. For instance, Bitcoin was authorized by the SEC only in January 2024. This thesis provides a focused analysis of the regulatory environments influencing the bitcoin business in these main countries by focusing on one or two distinctions between the methods taken by the EU and the US. Besides, it shall also present an answer to the questions on development of cryptocurrency laws in the future, for instance, whether the cryptocurrencies will become an alternative method of payment. As result, this thesis might be utilized by potential market players as well. |
| Supervisor | Tajti, Tibor |
| Department | Legal Studies LLM |
| Full text | https://www.etd.ceu.edu/2024/filimonov_igor.pdf |
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