Cambridge Study: Lack Of Standard Terms for Crypto Hampers Global Regulatory Response
Helen Partz's original article for cointelegraph.com reduced by 51%
The lack of standard global terminology for crypto assets is a major impediment for the adoption of clear regulatory policies in the industry, according to a study by the Cambridge Centre for Alternative Finance released on April 16. According to the report, a variety of major terms in the crypto industry is often used interchangeably and without a clear definition, which hampers global regulatory response. Conducted with support from the Nomura Research Institute, the research provides a detailed analysis of the regulatory landscape on crypto asset activities in 23 jurisdictions.
The research argues that the terms crypto asset and token have different meanings depending on the context. The researchers further outlined three major challenges that are faced by global regulators of crypto. Prior to the adoption of clearly defined, standardized terminology, regulatory jurisdictions should first understand the nuances of the different terms and identify the terminology that is most suitable to their regulatory objectives.
The CCAF research says that the 82% of analyzed jurisdictions have distinguished crypto assets that have characteristics of a security from other types of cryptos.
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