Proceedings of the 2024 3rd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2024)

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Analysis of Risk and Legal Issues of Crypto Assets

———Taking Bitcoin as an Example

Authors
Zhenyu Lu1, *
1Intellectual Property Institute, North West University, Xi’an, 710127, China
*Corresponding author. Email: 615522019@qq.com
Corresponding Author
Zhenyu Lu
Available Online 21 October 2024.
DOI
10.2991/978-94-6463-548-5_5How to use a DOI?
Keywords
Rryptocurrency value; risk legal regulation; Coinbase
Abstract

This paper deeply analyzes the risks of cryptocurrencies, especially Bitcoin, and the legal issues it faces. Firstly, the article points out that bitcoin has potential value in investment portfolios due to its scarcity and decentralization. Although the price volatility is high, the system risk is relatively low. However, the legal lag has led to challenges in the legal supervision of Bitcoin, especially in defining the nature of tokens and transaction compliance. By analyzing the cases of Coinbase and Ripple v. SEC, this paper reveals the complexity of cryptocurrency regulation in the United States, including the divergence of regulatory agencies on legal status and existing legal regulatory issues. Finally, from the perspective of law and economics, this paper puts forward cost-benefit analysis, incentive compatibility analysis, and discussion on the boundary between market and government, which provides an unmanaged model for adapting to the supervision of exchanges.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2024 3rd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
21 October 2024
ISBN
978-94-6463-548-5
ISSN
2352-5428
DOI
10.2991/978-94-6463-548-5_5How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Zhenyu Lu
PY  - 2024
DA  - 2024/10/21
TI  - Analysis of Risk and Legal Issues of Crypto Assets
BT  - Proceedings of the 2024 3rd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2024)
PB  - Atlantis Press
SP  - 30
EP  - 35
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-548-5_5
DO  - 10.2991/978-94-6463-548-5_5
ID  - Lu2024
ER  -