# kaal:claim:3002908-001

**Claim.** The absence of regulatory recognition of blockchain technology is itself a source of harm: it creates significant uncertainty for the blockchain community and undermines the evolution of the crypto economy.

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

**Holds when.**

- applies to the period before any dedicated blockchain legislation or case law existed in the US and the EU

**Source quote.**

> The lack of regulatory recognition of Blockchain technology creates significant uncertainty for the blockchain community and undermines the evolution of the crypto economy.

**From.** Wulf A. Kaal, Marco Dell'Erba, *Blockchain Innovation in Private Investment Funds - A Comparative Analysis of the United States and* (2017), III. Regulatory Recognition of Blockchain Technology, page 11

**Cite as.** Wulf A. Kaal, Marco Dell'Erba, Blockchain Innovation in Private Investment Funds - A Comparative Analysis of the United States and (2017). SSRN: https://ssrn.com/abstract=3002908

**Verify.** sha256 of source PDF `06a7b61e75f905ee07e422e875d83a65c5033a248a6e05a213523b034e5db534` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Dell%27Erba%20-%202017%20-%20Blockchain%20Innovation%20in%20Private%20Investment%20Funds%20-%20A%20Comparative%20Analysis%20of%20the%20United%20States%20and.pdf

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

**Topics.** blockchain, economics, law-and-legal-systems

**Keywords.** regulatory-uncertainty, blockchain, crypto-economy, legal-recognition

**Related claims.**

- restates: https://wulfkaal.github.io/claims/2998033-008
- restated_by: https://wulfkaal.github.io/claims/3409548-018

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