GOVERNMENTAL INFLUENCE ON CRYPTO ASSETS IN FINANCE: A CASE STUDY OF GERMAN REGULATORY INITIATIVES

Author:

Au Cam-Duc1ORCID,Svoboda Martin2

Affiliation:

1. FOM University of Applied Sciences for Economics and Management in Essen, Masaryk University in Brno

2. Masaryk University in Brno

Abstract

We review the case study of Germany with its regulatory initiatives regarding the possible governmental influence on crypto assets in finance. In doing so, we conclude that regulation shows adequate tendencies to foster innovation and adaption of digital assets such as crypto securities or currencies. This can mainly be referred to as creating a legal framework in favor of consumer protection, thereby reducing operational and reputational risks for financial companies which seek to engage in the digital assets business.

Publisher

University of Warsaw

Subject

General Medicine,General Earth and Planetary Sciences,General Environmental Science,General Medicine,Ocean Engineering,General Medicine,General Medicine,General Medicine,General Medicine,General Earth and Planetary Sciences,General Environmental Science,General Medicine

Reference13 articles.

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2. Bonaparte Y., Bernile G., A new "Wall Street Darling?" effects of regulation sentiment in cryptocurrency markets, Finance Research Letters, Vol. 52, 2023, No. 103376 https://doi.org/10.1016/j.frl.2022.103376

3. Chimienti M. T., Kochanska U., Pinna A., Understanding the crypto-asset phenomenon, its risks and measurement issues, Economic Bulletin Articles, 2019

4. Copestake A., Furceri D., Gonzalez-Dominguez P., Crypto market responses to digital asset policies, Economics Letters, Vol. 222, 2023, No. 110949 https://doi.org/10.1016/j.econlet.2022.110949

5. Dumas J. G., Jimenez-Garcès S., Șoiman F., Blockchain technology and crypto-assets market analysis: vulnerabilities and risk assessment, 12th International Conference on Complexity, Informatics and Cybernetics, Vol. 1, 2021

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