数字资产:风险,法规,缓解
Huei-Wen Teng1, Wolfgang Karl Härdle2,3,4,5,1, Joerg Osterrieder6,7
1IDA Institute of Digital Assets, Bucharest University of Economic Studies, Bucharest, Romania.
概括
像加密货币和NFT这样的数字资产 (DA) 正在重塑金融,但存在风险. 本文分析了DA类型,风险,并提出了针对创新和市场完整性的适应性法规.
科学领域:
- 金融技术 (金融科技)
- 数字资产和区块链
- 监管科学 监管科学
背景情况:
- 数字资产 (DA),包括加密货币,代币证券,稳定币,非可变代币 (NFT) 和央行数字货币,正在彻底改变金融市场.
- 这些创新是由区块链,分布式分类账技术和智能合约推动的,引入了新的商业模式,投资途径和交易效率.
- 然而,DA的快速扩张带来了重大风险,如欺诈,市场操纵,网络安全威胁和监管模两可.
研究的目的:
- 为数字资产领域提供跨学科和经验基础的分析.
- 定义和分类主要的DA类型,跟踪其演变,并评估当前的采用趋势.
- 检查新兴技术,如去中心化金融和NFT扩张在加速金融转型中的作用.
主要方法:
- 主要数字资产类型的分类和分析.
- 评估当前的采用趋势和技术发展.
- 审查全球监管格局,包括司法区别和治理框架.
- 通过定量分析和基于案例的证据来推导风险减轻策略.
主要成果:
- 数字资产正在从投机工具演变为各种金融应用中的功能工具.
- 在DA的全球监管环境中,存在重大的司法区别和分类挑战.
- 风险减缓策略的重点是平衡创新与投资者保护,促进监管协调,支持实验.
结论:
- 展望未来,基于证据和协作性的监管方法对于利用DA的好处至关重要.
- 有效的策略包括适应性监管设计,跨境协调和监管沙箱等支持性框架.
- 利益相关者必须管理系统性风险并保持市场完整性,以确保数字资产的可持续增长.
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