Regulating Cryptocurrency: Legal Responses to Emerging Financial Technologies in Global Markets

I Gede Tegar Wingga Adi Pratama

doi:10.47134/ijlj.v3i1.4544

Authors

I Gede Tegar Wingga Adi Pratama Universitas Warmadewa

DOI:

https://doi.org/10.47134/ijlj.v3i1.4544

Keywords:

Cryptocurrency, Financial Regulation, Legal Framework, Blockchain, Fintech, Global Markets, Regulatory Harmonization

Abstract

The rapid advancement of blockchain technology and the proliferation of cryptocurrencies have posed significant regulatory challenges for legal systems worldwide. Traditional financial regulations often struggle to keep pace with the decentralized, borderless, and highly volatile nature of digital assets. This journal explores the legal responses adopted by various jurisdictions—including the United States, the European Union, selected Asian economies, and emerging markets—to address the complexities of regulating cryptocurrencies and other emerging financial technologies. Using a normative legal approach and comparative analysis, this paper identifies key legal, institutional, and policy gaps while highlighting the need for international regulatory harmonization. The study concludes by offering policy recommendations aimed at balancing innovation, investor protection, and global financial stability in the evolving digital finance ecosystem.

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