JOURNAL OF ACCOUNTING AND FINANCE
The Life-Cycle and Character of Crypto-Assets:
A Framework for Regulation and Investor Protection
Author(s): Brianne Smith
Citation: Brianne Smith, (2019) "The Life-Cycle and Character of Crypto-Assets: A Framework for Regulation and Investor Protection", Journal of Accounting and Finance, Vol. 19, ss. 1, pp. 156-168
Article Type: Research paper
Publisher: North American Business Press
Abstract:
Crypto-assets have the potential for advancing financial exchange, storage of value, venture capital, and contracting, but lack clarity of form, governance, and disclosure for investor decision making. This
article reviews the nature of crypto-assets from an investment perspective, clarifying their evolving ecosystem, and making recommendations for classification in order to provide policy makers a framework for elevating investor protection. The review includes advantages and disadvantages of these assets, an evaluation of crypto-investment indicators, governance and regulatory environment. Cryptoassets may change classification over time, and many crypto-assets appear to be more centralized than common belief among market-participants.