Cryptocurrency Risk and Governance Challenges

Table of Contents

Cryptocurrency Risk and Governance Challenges *

Book blurb and key words *

Preface *

Acknowledgements *

List of Acronyms and Abbreviations *

List of Tables and Figures *

1. Introduction *

1.1 Financial Technology (FinTech) *

1.2 The Market for Cryptocurrencies *

1.3 Abstracts of Chapters *

2. Priority Research *

2.1 Introduction *

2.2 Research Objectives *

2.3 Research Instruments *

2.4 Survey Sample *

2.5 Interview Sample *

3 Demystifying the Nature of Cryptocurrencies *

3.1 Introduction *

3.2 Money as a Public Good *

3.3 Cryptocurrency versus Electronic Money *

3.4 Speculative Assets *

3.5 Digital Asset, Digital Currency and Digital Token as Securities *

3.6 Cryptoassets as Exchange Tokens *

3.7 Crypto-Tokens as Objects of Property Rights *

3.8 Accounting Treatment *

3.9 Summary *

4 Information Asymmetry and Knowledge-Gap Risk *

4.1 Introduction *

4.2 Fundamentals *

4.3 Awareness *

4.4 Literacy *

4.5 Education *

4.6 Summary *

5 Opaqueness and financial crime risk *

5.1 Introduction *

5.2 Opaqueness *

5.3 Financial Crime *

5.4 Enforcement *

5.5 Due Diligence *

5.6 Activism *

5.7 Summary *

6 Technology and Security Risk *

6.1 Introduction *

6.2 Blockchain *

6.3 Smart Contract *

6.4 Security and Concentration *

6.5 Summary *

7 Speculative Value and Gambling Risk *

7.1 Introduction *

7.2 Speculation *

7.3 Gambling *

7.4 COVID-19 Pandemic *

7.4.1 Data and risk measures *

7.4.2 Results *

7.5 Summary *

8 Shariah-Compliant Risk *

8.1 Introduction *

8.2 Digital Currency as Mal *

8.3 Alternative Views *

8.4 Potential Harm *

8.5 Uncertainty *

8.6 Summary *

9 Regulatory Gap *

9.1 Introduction *

9.2 Malaysia *

9.3 United Kingdom *

9.4 Summary *

10 Governance Challenges in Cyberspace *

10.1 Introduction *

10.2 Criteria for Good Regulation *

10.3 Challenges in Cyber Governance *

10.4 The Latest Debacle *

10.5 Further Research *

11 Conclusions *

11.1 Introduction *

11.2 Cryptocurrency Risk *

11.3 Governance Implications *

References *

Appendix 1 - Sample Published Opinions of Stakeholders *

Appendix 2 - Requirement for Digital Asset Custodian in Malaysia *

Appendix 3 - Additional Requirements Relating to Digital Asset Exchange (DAX) in Malaysia *

Appendix 4 *

Index *