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Corresponding Author:
Claudio Impenna, Markets and Payment Systems Oversight Directorate, Bank of Italy, Rome

The Crypto Ecosystem: Prospects and Challenges for Regulators

Volume 76 - Issue 3 - The Evolving Cryptoecosystem: Implications for the Financial Services Markets, August 2023
(pp. 297-310)
JEL classification: E42; E58; G18
Keywords: Payment System; Crypto-Assets; Digital Money; Regulation

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Bibliography

Aquilina, M., J. Frost and A. Schrimpf (2023), “Addressing the Risks in Crypto: Laying out the Options”, BIS Bulletin No. 66.

Aramonte, S., W. Huang and A. Schrimpf (2021), “DeFi Risks and Decentralization Illusion”, BIS Quarterly Review, December, pp. 21-36.

Auer, R. (2022), Embedded Supervision: How to Build Regulation into Decentralized Finance, Cryptoeconomic Systems, 2(1).

Banca d’Italia (2022), Comunicazione della Banca d’Italia in materia di tecnologie decentralizzate nella finanza e cripto-attività, June 15.

BCBS (2022), Prudential Treatment of Cryptoasset Exposures, Basel Committee on Banking Supervision, December 16.

Brunnermaier M.K., H. James and J.P. Landau (2021), The digitalization of money, BIS Working Papers No. 941.

Cecchetti, S.  and K. Schoenholtz (2022), “Let Crypto Burn”, Financial Times, November 17.

FSB (2022), Regulation, Supervision and Oversight of Crypto-Asset Activities and Markets: Consultative Report, Financial Stability Board, October 11.

FSB (2023), The Financial Stability Risks of Decentralised Finance, Financial Stability Board, February 16.

G20 (2023), Panel Discussion on ‘Policy Perspectives: Debating the Road to Policy Consensus on Crypto Assets’, February 25.

Harvey, C. (2022), “Is this Crypto’s Lehman Moment?”, LinkedIn post, November14. 

IMF (2021), Global Financial Stability Report: Covid-19, Crypto, and Climate: Navigating Challenging Transitions, Chapter 2, International Monetary Fund: Washington, DC. 

OECD (2022a), Institutionalisation of Crypto-Assets and DeFi-TradFi Interconnectedness, Business and Finance Policy Papers, OECD: Paris.

OECD (2022b), Why Decentralized Finance (DeFi) Matters and the Policy Implications, OECD: Paris.

Proposal for a Regulation of the European Parliament and of the Council on Markets in Crypto-assets (2022), in ‘A Europe Fit for the Digital Age’.   

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Institute for International Economics
of the Genoa Chamber of Commerce


Istituto di Economia Internazionale
Camera di Commercio di Genova
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