How Should Crypto Lending Be Regulated Under EU Law?

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Main Authors: Avgouleas, Emilios, Seretakis, Alexandros
Format: Book
Language:English
Published: Springer 2023
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Online Access:https://link.springer.com/article/10.1007/s40804-023-00293-3
https://dlib.phenikaa-uni.edu.vn/handle/PNK/9088
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spelling oai:localhost:PNK-90882023-09-18T09:20:50Z How Should Crypto Lending Be Regulated Under EU Law? Avgouleas, Emilios Seretakis, Alexandros crypto lenders Under EU Law CC-BY The collapse of Genesis is the latest in a cascade of failures of crypto lenders. The last year has seen numerous major crypto lenders, such as Celsius, Voyager and BlockFi, going out of business in domino-like fashion. The failures have revealed the vulnerabilities of crypto-market lenders’ business model, most notably the liquidity and maturity mismatches in their loan portfolios, and their markedly weak corporate governance. The present article explores avenues to regulate crypto lending within the framework of EU financial services regulation. It argues that crypto lenders should be taken as falling within the definition of credit institutions under EU law, and thus, as a result, should be subject to the stringent licensing and prudential requirements introduced by the Capital Requirements Directive and Regulation. 2023-09-18T09:20:50Z 2023-09-18T09:20:50Z 2023 Book https://link.springer.com/article/10.1007/s40804-023-00293-3 https://dlib.phenikaa-uni.edu.vn/handle/PNK/9088 en application/pdf Springer
institution Digital Phenikaa
collection Digital Phenikaa
language English
topic crypto lenders
Under EU Law
spellingShingle crypto lenders
Under EU Law
Avgouleas, Emilios
Seretakis, Alexandros
How Should Crypto Lending Be Regulated Under EU Law?
description CC-BY
format Book
author Avgouleas, Emilios
Seretakis, Alexandros
author_facet Avgouleas, Emilios
Seretakis, Alexandros
author_sort Avgouleas, Emilios
title How Should Crypto Lending Be Regulated Under EU Law?
title_short How Should Crypto Lending Be Regulated Under EU Law?
title_full How Should Crypto Lending Be Regulated Under EU Law?
title_fullStr How Should Crypto Lending Be Regulated Under EU Law?
title_full_unstemmed How Should Crypto Lending Be Regulated Under EU Law?
title_sort how should crypto lending be regulated under eu law?
publisher Springer
publishDate 2023
url https://link.springer.com/article/10.1007/s40804-023-00293-3
https://dlib.phenikaa-uni.edu.vn/handle/PNK/9088
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score 8.889492