A report compiled by researchers at Judge Business School, University of Cambridge is providing insight into the global regulatory climate as it pertains to digital assets. The paper finds that a lack of standardized terminology is one of the main impediments to a consistent regulatory response across the world.
The First Global Comparative Study
The report was compiled by a faculty within the Judge Business School called the Cambridge Centre for Alternative Finance in conjunction with the Nomura Research Institute based in Japan. Over twenty researchers contributed to the paper, providing in-depth analysis of 23 legal jurisdictions across the world.
The report, called the Global Cryptoasset Regulatory Landscape Study, is designed to provide insight into how regulators are approaching the digital asset sector, with the aim of contributing high-quality data on the gaps that exist across the world. The paper also hopes to help regulatory bodies better their approach especially as it pertains to the rest of the world.
The paper is the first of its kind, in terms of the global scope of the study, as well as the in-depth nature of the research that went into it.
The head of the Cryptocurrency and Blockchain Department at the Cambridge Centre for Alternative Finance, Michel Rauchs, believes the paper is an asset for the cryptoasset sector as a whole.
“This first comparative global report on crypto asset and blockchain regulation is an important practical and analytic tool for regulators, market participants and other stakeholders in this emerging sector.”
The paper focused on 23 jurisdictions including Abu Dhabi, Australia, Bermuda, Canada, China, the European Union, Estonia, France, Germany, Gibraltar, Hong Kong, India, Israel,