The law and finance of initial coin offerings

Publication Type

Book Chapter

Version

submittedVersion

Publication Date

10-2019

Abstract

This chapter analyzes the legal and financial aspects of Initial Coin Offerings (ICOs). Section I examines the concept, features, and structure of an ICO. Section II analyzes the different regulatory approaches to deal with ICOs. Section III provides an overview of some of the accounting and financial challenges ICOs generate. Section VI focuses on the corporate governance aspects of ICOs. Section V analyzes how ICOs may raise issues related to money laundering, and how regulators and policymakers can deal with these problems. Section VI provides an overview of the challenges of ICOs from the perspective of privacy law and data protection. Section VII examines how insolvency may affect the issuer and buyer of tokens, and how insolvency jurisdictions should deal with those issues arising in insolvency proceedings involving cryptoassets. Finally, Section VIII discusses the jurisdictional issues arising in ICOs.

Keywords

Cryptoassets, Tokens, ICOs, Blockchain, Finance, Corporate governnace, Insolvency, Financial stability, Investor protection, Consumer protection, Innovation

Discipline

Banking and Finance Law | Finance and Financial Management | Internet Law

Research Areas

Innovation, Technology and the Law

Publication

Cryptoassets: Legal, regulatory and monetary perspectives

First Page

117

Last Page

156

ISBN

9780190077310

Identifier

10.1093/oso/9780190077310.003.0006

Publisher

Oxford University Press

City or Country

Oxford

Embargo Period

8-6-2020

Copyright Owner and License

Authors

Additional URL

https://doi.org/10.1093/oso/9780190077310.003.0006

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