# kaal:claim:2998033-008

**Claim.** The absence of regulatory recognition of blockchain technology is itself a source of harm: it creates significant uncertainty, hinders cross industry implementation, and undermines infrastructure conversion via blockchain.

**Type.** failure  **Support.** argued

**Holds when.**

- describes the state of US regulation as of 2017

**Source quote.**

> The lack of regulatory recognition of Blockchain technology creates significant uncertainty for the blockchain community. The lacking recognition hinders the implementation of the technology across industries and undermines the infrastructure conversion via blockchain technology.

**From.** Wulf A. Kaal, *Blockchain Innovation for Private Investment Funds* (2017), II.5. Regulatory Implications, page 14

**Cite as.** Wulf A. Kaal, Blockchain Innovation for Private Investment Funds (2017). SSRN: https://ssrn.com/abstract=2998033

**Verify.** sha256 of source PDF `aafb1be3c25cd33da477d759df9ca2f856f0a8fe133d6396da2e75d0af573dbd` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202017%20-%20Blockchain%20Innovation%20for%20Private%20Investment%20Funds.pdf

**Failure mode.** regulatory-recognition-gap  (family: innovation-chilling)

**Topics.** law-and-legal-systems

**Keywords.** regulatory-uncertainty, legal-recognition, adoption-barriers, infrastructure

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/3002908-001
- restated_by: https://wulfkaal.github.io/claims/3071378-008

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.