Toward a Crypto-Friendly Index for the APEC Region

Pochesneva, A and Novak, M 2019, 'Toward a Crypto-Friendly Index for the APEC Region', Journal of the British Blockchain Assocation, vol. 2, no. 1, pp. 39-45.


Document type: Journal Article
Collection: Journal Articles

Title Toward a Crypto-Friendly Index for the APEC Region
Author(s) Pochesneva, A
Novak, M
Year 2019
Journal name Journal of the British Blockchain Assocation
Volume number 2
Issue number 1
Start page 39
End page 45
Total pages 7
Publisher British Blockchain Association
Abstract This paper presents a new index concerning the extent of public policy accommodation towards usage of blockchain technology. The coverage of the index is for the 21 Asia-Pacific Economic Cooperation (APEC) member states, representing a significant bloc of global production, trade and economic development. The crypto-friendly index includes indicators related to four general categories of blockchain policy: (i) extent of policy restrictiveness toward cryptocurrency initial coin offerings; (ii) extent of policy restrictiveness toward cryptocurrency exchanges; (iii) taxation treatment toward cryptocurrencies; and (iv) type and extent of general public policy interest in blockchain-related activity. Based on data and information available as at October 2018, the index results reveal considerable diversity exists amongst APEC countries in terms of their degree of crypto-friendliness. Jurisdictions such as Hong Kong, Singapore, Australia, the United States and Canada are seen as relatively crypto-friendly locations, whereas jurisdictions such as China, Vietnam and Peru have the greatest scope for pro-blockchain policy improvement. This paper suggests future avenues for index refinement, as well as the potential for additional research into the concept of crypto-friendliness using this and similar policy indexes.
Subject Applied Economics not elsewhere classified
Keyword(s) APEC region
blockchain
crypto-friendliness
index
ranking
DOI - identifier 10.31585/jbba-2-1-(1)2019
Copyright notice © Open Access under the CC-­‐‑BY 4.0 Licence
ISSN 2516-3949
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