kaal:claim:5554218-027

Persistent differences between jurisdictions that favor a permissive, innovation driven approach and those that prioritize strict control and consumer protection can produce regulatory arbitrage or uncertainty in cross-border situations.

differences remain, particularly between jurisdictions that favor a more permissive or innovation-driven approach and those that prioritize strict control and consumer protection. These differences can lead to regulatory arbitrage or uncertainty in cross-border situations

Furrer Andreas, Wulf A. Kaal, Universal Digital Law Codex (UDLC) Building the Legal Infrastructure for the Digital Era (2025), 4.2 Specific Rules in Blockchain Transactions, Summary, p. 25
https://ssrn.com/abstract=5554218 · source PDF

Furrer Andreas, Wulf A. Kaal, Universal Digital Law Codex (UDLC) Building the Legal Infrastructure for the Digital Era (2025). SSRN: https://ssrn.com/abstract=5554218

• cross-border blockchain and crypto-asset activity
• absence of a binding global convention

failuresupport: arguedfailure: Regulatory arbitrage from divergent national approachesfamily: regulatory-arbitrageregulatory-failure

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