Regulating the Crypto Economy: Business Transformations and Financialisation

This book explores the development of a crypto economy as an alternative economic space and emphasizes the importance of governance. It argues that regulatory policy should foster economic mobilization and wealth creation by developing a framework for blockchain-based business models, native payment systems, and decentralized finance. The book proposes a reform agenda to extend regulatory capitalism to this emerging space, balancing public interest objectives with private interests.

Format: Paperback / softback
Length: 366 pages
Publication date: 18 May 2023
Publisher: Bloomsbury Publishing PLC

This comprehensive book delves into the establishment of a crypto economy as an alternative economic realm, exploring the governance implications of this emerging sector. It examines the crypto economy from both productive and financialized perspectives, highlighting the necessity for governance in this dynamic economic space. The author argues that regulatory policy must play a pivotal role in developing the economic governance of blockchain-based business models, fostering economic mobilization and wealth creation.

To achieve this, the regulatory framework should encompass a novel enterprise organizational law and facilitate the funding and financing of blockchain-based development projects. This regulatory framework is essential in enabling the crypto economy and aligning with the principles of regulatory capitalism. Furthermore, the book recognizes the growing significance of private monetary orders and native payment systems in the crypto economy, proposing a commons governance framework for regulating these monetary orders.

The book also discusses the rise of Decentralised Finance and other financial innovations in the crypto economy, advocating for a balanced approach to regulatory consideration in this rapidly evolving landscape. By presenting a reform agenda for economic and financial governance in the crypto economy, this forward-looking work advocates for extending regulatory capitalism to this perceived "wild west" of an alternative economic space. It emphasizes the need for an innovative regulatory agenda to address the economically disruptive and technologically transformative developments brought about by the crypto economy.

Weight: 552g
Dimension: 233 x 157 x 23 (mm)
ISBN-13: 9781509954490