kaal:claim:3002908-004

Regulators cannot draft specific blockchain regulation because the risks, opportunities, and concrete outcomes of blockchain in reshaping financial markets are unpredictable.

Source quote, verbatim

The unpredictability of the risks and the opportunities as well as the concrete outcomes of blockchain in reshaping financial markets are clear obstacles for regulators' attempts at drafting new specific regulation.

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, p. 12
https://ssrn.com/abstract=3002908 · source PDF

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

Holds when

applies to attempts at drafting new technology specific regulation while the technology is still evolving

Classification

failuresupport: arguedfailure: unpredictability-blocks-rulemakingfamily: regulatory-lagdynamic-regulationeconomicsblockchain

Verify

The quote above is an exact substring of the source PDF, whose sha256 is 06a7b61e75f905ee07e422e875d83a65c5033a248a6e05a213523b034e5db534. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/91538ab20b015d5e...json
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