Theoretical aspects of cryptocarrencies challenges in future regulation

Abstract

Interest in cryptocurrency, its investment opportunities, and related infrastructure is constantly growing. However, this market is often described as a risky market. One of the reasons for this risk is the absence of a regulatory framework. Some of the main characteristics of cryptocurrencies are unregulated, decentralised, and anonymous. Although lack of regulation is identified as a major problem in the cryptocurrency market, too much regulation can also lead to other risks, such as a large decrease in value or liquidity. The purpose of this topic is to present theoretical aspects about future developments in cryptocurrency regulation, paying close attention to Markets in Crypto-Assets Regulation (MiCA). To achieve this goal, this research uses the analysis of literature and bibliometric analysis.