Cryptocurrency Markets, Centralized Finance and Decentralized Finance

Special Issue Editor


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Guest Editor
Department of Computer Science, University College London, London WC1E 6EA, UK
Interests: bitcoin; data science; industrial dynamics; stock markets; cryptocurrency

Special Issue Information

Dear Colleagues,

This Special Issue explores the intricate and rapidly changing field of cryptocurrency, focusing on the evolution of both centralized finance (CeFi) and decentralized finance (DeFi). It seeks to examine and understand the current state of these financial systems and the interactions within them, emphasizing new innovations, regulatory developments, and their wider economic repercussions. Contributors to the Special Issue can address a variety of subjects, such as the stability of cryptocurrency markets, security concerns linked to digital assets, the management of DeFi protocols, and how blockchain technology is being integrated into conventional financial institutions. Employing empirical research, theoretical frameworks, and in-depth case studies, this Special Issue aims to offer a thorough insight into how cryptocurrencies and blockchain are transforming the global financial landscape, thus providing a range of viewpoints on anticipated future trends and obstacles within the industry.

Topics of interest include (but are not limited to) the following:

  • Market dynamics and volatility in cryptocurrencies;
  • Regulatory approaches to cryptocurrency;
  • Market efficiency in cryptocurrencies;
  • Financial analysis and risk management of cryptocurrencies;
  • The environmental impact of cryptocurrencies;
  • The role of stablecoins in financial stability;
  • Asset tokenization;
  • The integration of blockchain technology into traditional banking;
  • Decentralized exchanges (DEXs) vs. centralized exchanges (CEXs);
  • The future of digital asset custody;
  • The impact of DeFi on financial inclusion;
  • Security risks in centralized vs. decentralized systems;
  • Industrial applications of blockchain and cryptocurrencies;
  • The economics of blockchain technology.

Dr. David Vidal-Tomás
Guest Editor

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Keywords

  • cryptocurrencies
  • Bitcoin
  • centralized finance
  • decentralized finance
  • blockchain

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Published Papers (1 paper)

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Research

36 pages, 6451 KiB  
Article
Cryptocurrency Taxation: A Bibliometric Analysis and Emerging Trends
by Georgiana-Iulia Lazea, Maria-Roxana Balea-Stanciu, Ovidiu-Constantin Bunget, Anca-Diana Sumănaru and Ana-Maria Georgiana Coraș
Int. J. Financial Stud. 2025, 13(1), 37; https://doi.org/10.3390/ijfs13010037 - 3 Mar 2025
Viewed by 1560
Abstract
This article conducts a comprehensive bibliometric analysis of 182 papers to trace the progression of research on cryptocurrency taxation. The study highlights prevailing patterns, influential contributors, and collaborative networks by utilising data from Scopus and the Web of Science Core Collection from 2002 [...] Read more.
This article conducts a comprehensive bibliometric analysis of 182 papers to trace the progression of research on cryptocurrency taxation. The study highlights prevailing patterns, influential contributors, and collaborative networks by utilising data from Scopus and the Web of Science Core Collection from 2002 to 2023. The findings underscore an interdisciplinary character, encompassing studies in legal frameworks, fiscal policy, economics, and technology. By employing analytical tools such as VOSviewer 1.6.20, Bibliometrix 4.0 and Microsoft Excel, the study identifies key themes and concepts focused on four main themes: international tax frameworks and regulatory variations, classification and reporting of crypto-related income, tax implications for emerging crypto segments, and issues surrounding compliance and enforcement. Tax treatment differs based on jurisdiction. Direct taxation may be levied as capital gains, income, or profit tax. Although cryptocurrency exchanges are not subject to value-added tax, intermediary services offered by platforms might incur this indirect tax. The insights generated are valuable for policymakers, scholars, and professionals aiming to comprehend the relationship between cryptocurrency and tax regulation. A limitation of the study is its exclusion of sources beyond the established timeframe. Given the fast-paced changes in cryptocurrency tax regulation, ongoing updates are crucial to capturing the full scope of this evolving field. Full article
(This article belongs to the Special Issue Cryptocurrency Markets, Centralized Finance and Decentralized Finance)
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