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Academic Journal of Business & Management, 2022, 4(1); doi: 10.25236/AJBM.2022.040111.

Analysis of risks and regulatory issues in the development of blockchain finance

Author(s)

Zixuan Wang

Corresponding Author:
Zixuan Wang
Affiliation(s)

Department of Economics, Shanghai University, Shanghai, China

Abstract

In recent years, a wave of blockchain technology development has been launched in China. Blockchain technology promotes the development of finance, but there are also technical risks, economic risks, artificial risks and legal risks, so it is necessary to supervise blockchain finance. The supervision of blockchain finance should rely on the "sandbox supervision" model, pay attention to the characteristics of blockchain, innovate traditional supervision, establish special supervision, and transform blockchain financial supervision into functional and technical supervision; at the same time, clarify supervision The main body, rationally divide supervisory powers, and accelerate the integration of technical and legal supervisory means from the aspects of basic legislation, supervisory law enforcement, industry law-abiding, and financial justice. The article focuses on blockchain finance, analyzes its development risks and practical problems according to its development characteristics, and based on this, puts forward suggestions for future development.

Keywords

Blockchain Finance, Regulatory Issues, Risk Prevention

Cite This Paper

Zixuan Wang. Analysis of risks and regulatory issues in the development of blockchain finance. Academic Journal of Business & Management (2022) Vol. 4, Issue 1: 61-66. https://doi.org/10.25236/AJBM.2022.040111.

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