Competing stakeholder narratives on crypto-assets: Miracle or mirage?

【Author】 Currie, Wendy L.; Seddon, Jonathan J. M.

【Source】JOURNAL OF INFORMATION TECHNOLOGY

【影响因子】5.150

【Abstract】Academic and practitioner interest in crypto-assets is gaining momentum. Different values and agendas influence regulatory policy. Competing ideologies and social norms about the efficacy of regulatory regimes, the influence of innovation philosophies, and the need to foster ethical principles and practices underpin debates on crypto-assets. Semi-structured interviews were carried out in the USA and UK with regulators, tech firms, institutional and retail investors, and crypto social media influencers. Stakeholder groups were classified as interventionists, innovators, influencers, and investors. The research builds a data structure from extant literature and empirical research. Aggregate dimensions of inchoate technology, regulatory intervention, and innovation social norms reflect complex and competing stakeholder positions on crypto assets. Findings show crypto-assets are not homogenous, but highly differentiated with potential effects and outcomes determined by algorithmic code. However, competing stakeholder agendas obfuscate policy development for decentralized finance.

【Keywords】Inchoate technology; crypto-assets; decentralized finance; regulation; social norms; stakeholder

【发表时间】2023 2023 SEP 27

【收录时间】2023-10-10

【文献类型】实证数据

【主题类别】

区块链治理-市场治理-数字货币