Regulation of Cryptocurrencies. Necessity and Approaches

Inhaltsverzeichnis (Table of Contents)

• Introduction and Analysis of the Status Quo
• Terminologies and Underlaying Information
  • Distinction of Classical Payment Methods
  • Terminological Distinction of Cryptocurrencies
  • Popular Cryptocurrencies and underlying Technologies
  • Key Intermediaries in the Bitcoin Ecosystem
• Necessity of Regulation
  • Danger of Criminal Activities
  • Consumer Protection
  • Monetary Policy
  • Consideration of Counterarguments and Impediments
• Regulatory approaches
  • Overview of Global Regulation Approaches
  • Central Bank issued Cryptocurrency
  • Prohibition or Restriction of Cryptocurrencies

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This literature review aims to comprehensively depict the phenomenon of emerging cryptocurrencies, their underlying technologies, and the consequences of their popularity for classical payment systems. The review will then consider the necessity of governmental regulatory measures and introduce the most reasonable and feasible options, as well as their mode of operation for law enforcement.

• The emergence and growth of cryptocurrencies
• The impact of cryptocurrencies on traditional financial systems
• The necessity of regulation for cryptocurrencies
• The different approaches to regulating cryptocurrencies
• The role of law enforcement in the cryptocurrency ecosystem

Zusammenfassung der Kapitel (Chapter Summaries)

The first chapter provides an introduction and analysis of the status quo, highlighting the digitalization and the rise of the internet as key drivers for the emergence of cryptocurrencies. The chapter explores the history of Bitcoin and the subsequent development of the cryptocurrency market. It also touches upon the challenges posed by criminal activities and the need for regulation.

Chapter two focuses on terminologies and underlying information. It distinguishes between classical payment methods and cryptocurrencies, defines key terms, and introduces popular cryptocurrencies and their underlying technologies. It also discusses key intermediaries within the Bitcoin ecosystem.

Chapter three examines the necessity of regulation for cryptocurrencies. It addresses concerns about criminal activities, consumer protection, and monetary policy. The chapter also considers counterarguments and impediments to regulation.

Chapter four provides an overview of global regulatory approaches for cryptocurrencies, including central bank-issued digital currencies and the prohibition or restriction of cryptocurrencies. It presents different regulatory frameworks adopted by various governments.

Schlüsselwörter (Keywords)

The core concepts explored in this literature review include cryptocurrencies, Bitcoin, distributed ledger technology, regulation, law enforcement, financial systems, monetary policy, consumer protection, and criminal activities. It also delves into different regulatory approaches, such as central bank digital currencies and prohibitions or restrictions on cryptocurrencies.