Blockchain International Scientific Conference https://www.britishblockchainassociation.org/isc2020 Winner of best paper/presentation

1. Agata Ferreira
Assistant Professor
Warsaw University of Technology
Emerging regulatory approaches
to
blockchain based token economy
2nd Blockchain International Scientific Conference
Edinburgh 11 March 2020

2. Potential of Token Economy
• Market democratisation
• Cheaper and faster transacting
• No time and calendar constraints
• Transparency, immutability, auditability
• Unlocking illiquid assets
• Unparalleled efficiencies for capital
raising
• Injection of funds to enterprise without
equity sacrifice
• Low market entry barrier

3. Tokens and Blockchain
Bitcoin – Cryptocurrencies
Ethereum – Smart Contracts
Non-fungible tokens – Digital Scarcity

4. Definitions, definitions, definitions
Coins
Cryptoassets
Utility tokens
Security tokens
Investment tokens
Payment tokens Hybrid tokens
Virtual assets

5. Regulatory challenges
• Cryptocurrencies
• Stablecoins
• ICOs

6. Regulatory challenges
• Risks
• Functional or
institutional approach
• Legal vacuum
• Borderlessness
• Integration or isolation
• Terminology

7. Emerging Regulatory Approaches – Few Examples
Existing regulations:
Australia
Canada
Germany
UK
Lithuania
Bespoke approach:
Liechtenstein
Malta
Singapore
Switzerland
Wyoming
Prohibitive stance:
China
Nepal
Pakistan
Vietnam

8. International Cooperation
• Basel Committee on Banking Supervision
• Committee for Payments and Market
Infrastructure
• International Organization of Securities
Commission
• Financial Stability Board
• Financial Action Task Force
• EU

9. Please contact me
if you have any
questions
aferreira@ans.pw.edu.pl