ABSTRACT
Crypto-finance is an anti-establishment movement that has emerged as a response to current financial markets that are intermediated and overcentralised. It has been said that the rise of cryptocurrencies such as Bitcoin is a response to dissatisfaction with the excessive risk-taking of financial intermediaries that led to the financial crisis, and the use by governments of quantitative easing as a remedial measure to bail out failing financial institutions. This book examines three components of the financial market – technology, finance and the law – and shows how their interrelationship dictates the structure of a crypto-market.
