# kaal:claim:3808873-027

**Claim.** The regulation of government coins versus corporate coins versus people coins bifurcated the regulatory infrastructure for decentralized technologies, because government and corporate coins were able to develop and evolve with regulatory oversight while more decentralized issuers were not.

**Type.** mechanism  **Support.** argued

**Holds when.**

- early 2020s token regulation across jurisdictions

**Source quote.**

> The regulation of government coins versus corporate coins versus people coins bifurcated the regulatory infrastructure for decentralized technologies. Government coins and corporate coins were able to develop and evolve with regulatory oversight.

**From.** Wulf A. Kaal, *Decentralization Neutralizers* (2021), IX. Regulation, page 21

**Cite as.** Wulf A. Kaal, Decentralization Neutralizers (2021). SSRN: https://ssrn.com/abstract=3808873

**Verify.** sha256 of source PDF `f11493915e6b8c266d421510b5546816e33defb5650aac9d09b20d78549da727` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202021%20-%20Decentralization%20Neutralizers.pdf

**Failure mode.** Issuer Based Regulatory Bifurcation  (family: harmonization-and-standardization-failure)

**Topics.** tokenomics

**Keywords.** government-coins, corporate-coins, people-coins, regulation, bifurcation

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