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Analysis of Risk and Legal Issues of Crypto Assets

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

Author

Listed:
  • Zhenyu Lu

    (North West University, Intellectual Property Institute)

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.

Suggested Citation

  • Zhenyu Lu, 2024. "Analysis of Risk and Legal Issues of Crypto Assets," Advances in Economics, Business and Management Research, in: Kun Zhang & Hang Luo & Hongbo Li & Azlina Binti Md Yassin (ed.), Proceedings of the 2024 3rd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2024), pages 30-35, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-548-5_5
    DOI: 10.2991/978-94-6463-548-5_5
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