Distributed Ledger Technology and Digital Assets : Policy and Regulatory Challenges in Asia

Cover -- Title -- Copyright -- Contents -- Tables, Figures, and Box -- Foreword -- Acknowledgments -- Abbreviations -- Executive Summary -- 1. Introduction -- 2. Distributed Ledger Technology, Blockchain, and Applications -- 2.1 About Distributed Ledger Technology -- 2.2 Blockchain Technology and Applications -- 2.3 Technology Potential and Implications -- 3. Cryptoassets -- 3.1 Cryptoassets as Alternative Currencies -- 3.2 Bitcoin and Other Cryptoassets -- 3.3 Sovereign Digital Currencies -- 3.4 Benefits and Risks of Sovereign Digital Currencies -- 3.5 Legal and Regulatory Implications -- 4. Initial Coin Offerings and Tokenization -- 4.1 Typology -- 4.2 Initial Coin Offerings in Asia and Worldwide -- 4.3 Regulation of Initial Coin Offerings in Asia -- 5. Distributed Ledger Technology: Risks and Concerns -- 5.1 Transparency Risks -- 5.2 Cyber Risks -- 5.3 Operational Risks -- 5.4 Blockchain-Specific Risks -- 6. Policy Issues and Suggestions -- 6.1 International Regulatory Context -- 6.2 A Functional Proportional Approach Balancing Risks and Opportunities -- 6.3 Core Strategy and the Role of International Regulatory Cooperation -- Appendixes -- Appendix 1: Glossary of Terms -- Appendix 2: Policy Approaches to Cryptoassets, Blockchain, and ICOs in Select Asian Economies -- Appendix 3: Major Policy and Regulatory Events Concerning Cryptoassets and Initial Coin Offerings in Selected Asian Economies, end of October 2018 -- References.