Book contents
- Frontmatter
- Contents
- Editorial Board Members
- Acknowledgements
- Part I Institutionalisation of Digital Assets
- Part II Digital Assets and Decentralised Finance
- 4 The Suitability of Securities Token Offerings, Cryptocurrencies, and Crypto-Related Assets for Pension Investments
- 5 Regulatory Considerations of the Decentralised Financial System
- 6 A Hayekian View of Digital Currencies
- Part III Regulations and Compliance of Digital Assets
- Part IV Cryptocurrency Economics and Monetary Policies
- Abbreviations
- Index
- References
6 - A Hayekian View of Digital Currencies
from Part II - Digital Assets and Decentralised Finance
Published online by Cambridge University Press: 06 March 2025
Book contents
- Frontmatter
- Contents
- Editorial Board Members
- Acknowledgements
- Part I Institutionalisation of Digital Assets
- Part II Digital Assets and Decentralised Finance
- 4 The Suitability of Securities Token Offerings, Cryptocurrencies, and Crypto-Related Assets for Pension Investments
- 5 Regulatory Considerations of the Decentralised Financial System
- 6 A Hayekian View of Digital Currencies
- Part III Regulations and Compliance of Digital Assets
- Part IV Cryptocurrency Economics and Monetary Policies
- Abbreviations
- Index
- References
Summary
With the advent of blockchain, there has been an explosion of cryptocurrencies, stablecoins, corporate tokens, and sovereign digital currencies. This chapter details new finance business models and the associated proliferation of digital currencies from the perspective of Friedrich Hayek’s classic work on monetary denationalisation. It also briefly introduces the bridge between centralised finance (CeFi) and decentralised finance (DeFi). We consider the major actors in the digital currency space and postulate possible future developments. We conclude that the rise of and competition between new digital forms of money will only accelerate with significant implications on global monetary arrangements.
- Type
- Chapter
- Information
- Digital AssetsPricing, Allocation and Regulation, pp. 104 - 128Publisher: Cambridge University PressPrint publication year: 2025
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