COMPARATIVE LEGAL REGULATORY RESPONSES TO THE CHALLENGES OF THE DIGITAL ASSETS Cover Image

UPOREDNOPRAVNI REGULATORNI ODGOVORI NA IZAZOVE DIGITALNE IMOVINE
COMPARATIVE LEGAL REGULATORY RESPONSES TO THE CHALLENGES OF THE DIGITAL ASSETS

Author(s): Miloš Babović
Subject(s): Law, Constitution, Jurisprudence
Published by: Institut za uporedno pravo
Keywords: digital assets, crypto-assets; fintech; regulation; financial innovations

Summary/Abstract: Technologically enabled innovations in finance are necessarily accompanied by legal innovations. The continuous growth and development of the market in crypto-assets have stimulated the activity of regulatory authorities in various jurisdictions, with the aim of finding acceptable regulatory solutions, capable of responding to the challenges of the digital age. The activities of regulatory authorities, primarily motivated by the market participants protection, financial stability and market integrity safeguarding, as well as encouraging the development of innovations, resulted in innovative regulatory models and tools. The paper analyzes comparative legal approaches to digital assets as a form of fintech innovation, regulatory innovations stimulated by new global activity, as well as the regulatory activity of international organizations and the establishment of regulation at the supranational level. The paper will provide an overview of different comparative legal regulatory solutions, including their features, advantages and disadvantages.

  • Issue Year: 67/2023
  • Issue No: 3
  • Page Range: 447-469
  • Page Count: 24
  • Language: Serbian
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