Assessing effects of EU regulation on cryptocurrency trading: an analysis on bitcoin

Detalhes bibliográficos
Autor(a) principal: Thieme, Sarah Marie
Data de Publicação: 2022
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/140670
Resumo: The increasing popularity and presence of cryptocurrencies challenge regulators in providing adequate policy tools to handle the borderless, decentralized virtual assets. This paper examines the impact of EU regulatory announcements on Bitcoin trading through an event study on a unique data set. A bnormaltrading volumes of Bitcoin following key regulatory announcement are analyzed and show statistically significant impact on trading activity. The impact depends on the crypto-fiat currency pair and is observed to decrease BTC/EUR trading, while the opposite is detectable for BTC/USD. These results suggest that crypto currencies rely on centralized, regulated financial intermediaries, which bring them within reach of regulation
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spelling Assessing effects of EU regulation on cryptocurrency trading: an analysis on bitcoinEvent studyCryptocurrencyBitcoinEU regulationsTrading volumeDomínio/Área Científica::Ciências Sociais::Economia e GestãoThe increasing popularity and presence of cryptocurrencies challenge regulators in providing adequate policy tools to handle the borderless, decentralized virtual assets. This paper examines the impact of EU regulatory announcements on Bitcoin trading through an event study on a unique data set. A bnormaltrading volumes of Bitcoin following key regulatory announcement are analyzed and show statistically significant impact on trading activity. The impact depends on the crypto-fiat currency pair and is observed to decrease BTC/EUR trading, while the opposite is detectable for BTC/USD. These results suggest that crypto currencies rely on centralized, regulated financial intermediaries, which bring them within reach of regulationPrado, MelissaRUNThieme, Sarah Marie2022-06-24T10:03:38Z2022-01-252022-01-252022-01-25T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/140670TID:202973298enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T05:17:52Zoai:run.unl.pt:10362/140670Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:49:45.895374Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Assessing effects of EU regulation on cryptocurrency trading: an analysis on bitcoin
title Assessing effects of EU regulation on cryptocurrency trading: an analysis on bitcoin
spellingShingle Assessing effects of EU regulation on cryptocurrency trading: an analysis on bitcoin
Thieme, Sarah Marie
Event study
Cryptocurrency
Bitcoin
EU regulations
Trading volume
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short Assessing effects of EU regulation on cryptocurrency trading: an analysis on bitcoin
title_full Assessing effects of EU regulation on cryptocurrency trading: an analysis on bitcoin
title_fullStr Assessing effects of EU regulation on cryptocurrency trading: an analysis on bitcoin
title_full_unstemmed Assessing effects of EU regulation on cryptocurrency trading: an analysis on bitcoin
title_sort Assessing effects of EU regulation on cryptocurrency trading: an analysis on bitcoin
author Thieme, Sarah Marie
author_facet Thieme, Sarah Marie
author_role author
dc.contributor.none.fl_str_mv Prado, Melissa
RUN
dc.contributor.author.fl_str_mv Thieme, Sarah Marie
dc.subject.por.fl_str_mv Event study
Cryptocurrency
Bitcoin
EU regulations
Trading volume
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Event study
Cryptocurrency
Bitcoin
EU regulations
Trading volume
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description The increasing popularity and presence of cryptocurrencies challenge regulators in providing adequate policy tools to handle the borderless, decentralized virtual assets. This paper examines the impact of EU regulatory announcements on Bitcoin trading through an event study on a unique data set. A bnormaltrading volumes of Bitcoin following key regulatory announcement are analyzed and show statistically significant impact on trading activity. The impact depends on the crypto-fiat currency pair and is observed to decrease BTC/EUR trading, while the opposite is detectable for BTC/USD. These results suggest that crypto currencies rely on centralized, regulated financial intermediaries, which bring them within reach of regulation
publishDate 2022
dc.date.none.fl_str_mv 2022-06-24T10:03:38Z
2022-01-25
2022-01-25
2022-01-25T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/140670
TID:202973298
url http://hdl.handle.net/10362/140670
identifier_str_mv TID:202973298
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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