【Author】 Chan, Ryan
【Source】JOURNAL OF BANKING AND FINANCE LAW AND PRACTICE
【影响因子】0.000
【Abstract】This article will explore the use of cryptocurrency as a form of collateral in secured lending. In doing so, it will examine the next generation of blockchain technology, including smart contracts, decentralised financial applications, and permissioned networks, and how these technologies may be used to support secured cryptocurrency lending transactions. The article proposes two models suitable for adoption and contends that smart contracts as supported by the Ethereum blockchain provides the most ideal structure for contracting parties in such transactions. However, a major inhibitor in its realisation is the current Australian legislative framework, which is outdated and inadequate in supporting novel technologies. Recommendations on how legislators may overcome these limitations are provided. The use of cryptocurrencies in collateralised lending presents an opportunity for prospective lenders to expand their borrowing base, and unlocks an additional avenue for borrowers in attaining finance.
【Keywords】
【发表时间】2021
【收录时间】2022-07-17
【文献类型】实证性文章
【主题类别】
区块链治理-市场治理-数字货币
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