监管加密资产：投资者保护策略和5-I模型

Q2 Social Sciences

European Business Law Review Pub Date : 2023-06-01 DOI:10.54648/eulr2023032

Marika Salo-Lahti

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引用次数: 0

摘要

加密资产通常以高预期回报进行营销，但作为一种损害，同样的价格波动也非常大。很难想象比加密资产更有争议的投资目标了——它们在世界范围内的地位各不相同，从合法货币到完全禁止的非法货币。加密资产在欧盟几乎是一个不受监管的领域。然而，随着新的欧盟法规终于到来，加密的狂野西部时代很快就会结束。消费者对加密资产日益增长的需求迫使加强对投资者的保护。本文运用作者提出的5-I模型对加密资产市场的投资者保护策略进行了系统化的分析。该模型从投资者、投资、信息、中介和发行人的角度考察了加密资产，这些部分构成了模型中的五个“i”。5-I的模型、加密资产、欧盟监管、MiCA、DLT、区块链、投资者保护、金融科技、监管沙盒、去中心化金融

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Regulating Crypto-Assets: Investor Protection Strategies and the 5-I’s Model

Crypto-assets are often marketed with high expected returns but as a detriment, very high price volatility comes in the same package. It is hard to imagine more controversial investment objectives than crypto-assets – their status varies worldwide from legal currency to totally prohibited illegality. Crypto-assets have been an almost unregulated field in the EU. However, the Crypto Wild West days are soon to be over, as the new EU regulation is finally coming. The growing consumer demand for crypto-assets forces to strengthen investor protection. In this paper, investor protection strategies of the crypto-asset market are systematised with the 5-I’s Model developed by the author. The model examines crypto-assets from the perspective of investor, investment, information, intermediary and issuer – parts that constitute the five ‘Is’ in the model. 5-I’s model, crypto-assets, EU regulation, MiCA, DLT, blockchain, investor protection, FinTech, regulatory sandbox, decentralised finance

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来源期刊

European Business Law Review Social Sciences-Law

CiteScore

1.10

自引率

0.00%

发文量

期刊介绍： The mission of the European Business Law Review is to provide a forum for analysis and discussion of business law, including European Union law and the laws of the Member States and other European countries, as well as legal frameworks and issues in international and comparative contexts. The Review moves freely over the boundaries that divide the law, and covers business law, broadly defined, in public or private law, domestic, European or international law. Our topics of interest include commercial, financial, corporate, private and regulatory laws with a broadly business dimension. The Review offers current, authoritative scholarship on a wide range of issues and developments, featuring contributors providing an international as well as a European perspective. The Review is an invaluable source of current scholarship, information, practical analysis, and expert guidance for all practising lawyers, advisers, and scholars dealing with European business law on a regular basis. The Review has over 25 years established the highest scholarly standards. It distinguishes itself as open-minded, embracing interests that appeal to the scholarly, practitioner and policy-making spheres. It practices strict routines of peer review. The Review imposes no word limit on submissions, subject to the appropriateness of the word length to the subject under discussion.