Extent ecosystems of crypto financial assets (crypto-assets) lack parity and coherence across the globe. This asymmetry is further heightened with a knowledge gap in operational risk management, wherein the global landscape of crypto-assets is charac...
This paper explores the current use of crypto-assets for payments, focusing mostly on unbacked crypto-assets, while selectively referring to stablecoins. Although some specific characteristics of crypto-assets, such as their price volatility and uncl...
The Markets in Crypto-Assets (MiCa) Regulation of the European Union is the first comprehensive piece of legislation that seeks to protect the interests of investors in the crypto-assets sector. Although the market value of crypto-assets is significa...
Crypto-asset markets have been rapidly evolving during the past years, being under the spotlight of a diverse set of actors in the financial ecosystem, including investors, financial institutions, regulators and academics. Their potential interconnec...
The rapid expansion of crypto-asset markets and the introduction of the Markets in Crypto-Assets Regulation (MiCAR) pose novel supervisory challenges. Existing blockchain intelligence platforms focus predominantly on on-chain surveillance, leaving ga...
The Markets in Crypto-Assets Regulation (MiCA) is a comprehensive European Union regulatory framework aimed at harmonizing the crypto-asset market. The existing literature has mainly examined MiCA from a legal perspective, while empirical assessments...
The Markets in Crypto-Assets Regulation (MiCA) harmonizes market rules across the European Union, but it does not itself determine how entities should classify, measure, document, and tax crypto-asset transactions. This study examines whether Slovaki...
This article provides a systematic literature review of recent research on money laundering in crypto-asset environments, focusing on the main operational challenges and technical solutions proposed. Following PRISMA 2020 guidelines, the review draws...
In this paper, we analyzed a dataset of over 2000 crypto-assets to assess their credit risk by computing their probability of death using the daily range. Unlike conventional low-frequency volatility models that only utilize close-to-close prices, th...
Detecting pump-and-dump schemes involving cryptoassets with high-frequency data is challenging due to imbalanced datasets and the early occurrence of unusual trading volumes. To address these issues, we propose constructing synthetic balanced dataset...
The digitalization of the economy provokes the rethinking of manufacturing processes. Despite numerous publications related to Industry 4.0 as a manufacturing approach, the production of fully digital and crypto-asset products was poorly researched....
This paper develops a portfolio construction methodology integrating behavioral finance principles with machine learning to model how cognitive biases systematically alter asset allocation decisions. We introduce a Distorted Value Transformation fram...
Ensuring safe custody of crypto-assets, while at the same time allowing a user to easily access and transfer them, is one of the biggest challenges of this nascent industry. This is even harder considering also the multiple technological implementati...
The objective of the present paper is to put a milestone on the roadmap toward a global economic system of professional sport, at least as regards its financial dimension, i.e., its model of finance, its ownership, and some new trends in global sport...
Our study examines the regulatory challenges and opportunities of asset tokenization within the context of the European Union (EU), emphasizing the balance between technological innovation and investor protection in the digital economy. Focusing on 2...
This paper investigates the estimation of the value at risk (VaR) across various probability levels for the log-returns of a comprehensive dataset comprising four thousand crypto-assets. Employing four recently introduced adaptive conformal inference...
Cryptocurrencies have become increasingly in demand in Ukraine’s wartime economy, yet little is known about how entrepreneurs perceive them in terms of trust, business use, and reputation. This study examines trust dynamics in cryptocurrencies...
In this paper, we use the methods of networks science to analyse the transaction networks of tokens running on the Ethereum blockchain. We start with a deep dive on four of them: Ampleforth (AMP), Basic Attention Token (BAT), Dai (DAI) and Uniswap (U...
This paper investigates systemic tail dependence within the crypto-asset ecosystem by examining interconnectedness across eight major tokens spanning Layer 1 cryptocurrencies, DeFi tokens, stablecoins, and infrastructure/governance assets. We employ...
This paper examines the trading performances of several technical oscillators created using crypto-asset pricing methods for short-term bitcoin trading. Seven pricing models proposed in the professional and academic literature were transformed into o...
The unique features of Non-Fungible Tokens (NFT) are becoming increasingly appealing as we spend more of our time online. This increased popularity is nevertheless not free of controversies, and there is a lack of clarity over the final form this dig...
This paper examined a set of over two thousand crypto-coins observed between 2015 and 2020 to estimate their credit risk by computing their probability of death. We employed different definitions of dead coins, ranging from academic literature to pro...
The pandemic has exacerbated the effects of the digital transformation: the extractive economy is steadily giving way to the new economic space—the digital economy. This transformation shakes the very foundations of the existence and purpose of...
In this study, we extend research on stablecoin credit risk by introducing a novel rule-of-thumb approach to determine whether a stablecoin is “dead” or “alive” based on a simple price threshold. Using a comprehensive dataset...
Cryptocurrencies are widely recognised for catalysing distributed ledger technologies and tokenisation, innovations that are transforming payment systems globally. However, their role as money is often contested and the subject of intense academic an...
This article re-examines corporate tax loss carryforward and company regulation under United Arab Emirates law as applied to virtual assets. It uses Egypt as one functional benchmark among several, alongside the United States, the United Kingdom, Sin...
This paper examines how scam compounds, money mules and crypto-assets operate as interdependent elements of contemporary money-laundering chains. It assesses whether existing anti-money laundering (AML) and crypto-asset regulatory frameworks are capa...
This paper examines whether the brand-new EU Directive harmonising certain aspects of insolvency law (Insolvency III) with its Title III on asset tracing is fit for the digital age and whether it offers adequate tools for the tracing of digital asset...
This paper focuses on the selection and optimisation of a cryptoasset portfolio, using the K-means clustering algorithm and GARCH C-Vine copula model combined with the differential evolution algorithm. This integrated approach allows the construction...
Cryptocurrencies have recently captured the interest of the econometric literature, with several works trying to address the existence of bubbles in the price dynamics of Bitcoins and other cryptoassets. Extremely rapid price accelerations, often ref...
This study investigates the socio-economic characteristics, behavioral preferences, and consumption of individuals who own crypto-assets. Our empirical analysis utilizes data from a German personal finance management app where users connect their ban...
The delisting of Binance USD (BUSD) constitutes a major regulatory intervention in the stablecoin market and provides a unique opportunity to examine how targeted regulation affects liquidity allocation, market concentration, and short-run systemic r...
The purpose of this study is to conduct an empirical comparative study of volatility models for three of the most popular cryptocurrencies. We study the volatility of the following cryptocurrencies: Bitcoin, Ethereum, and Litecoin. We consider the GA...
Blockchain wallets are essential interfaces for managing digital assets and authorising transactions within blockchain systems. However, typical blockchain wallets often encounter performance, privacy and cost issues when utilising multi-signature sc...
Blockchain and cryptocurrency are gradually going mainstream with new cryptocurrencies introduced every single day. The speculative nature of these digital assets expose their prices to large fluctuations. Trading these crypto-assets necessitate an a...
This article reviews the issue of the use of cryptocurrencies (crypto-assets, in general) for an electricity settlement system. The development of digital techniques, including blockchain-based mechanisms, has meant that an increased interest in bloc...
Large language models have expanded their application from traditional tasks in natural language processing to several domains of science, technology, engineering, and mathematics. This research studies the potential of these models for financial &ld...
Cyber-enabled fraud can move victim funds from social or messaging platforms into banks, virtual-asset service providers, self-hosted wallets, cross-chain services and offshore venues before a report becomes effective preservation or restraint. This...
This study examines the dynamics between treasury and market capitalization in two Decentralized Autonomous Organization (DAO) projects: OlympusDAO and KlimaDAO. This research examines the relationship between market capitalization and treasuries in...
Portfolio diversification is an accepted principle of risk management. When constructing an efficient portfolio, there are a number of asset classes to choose from. Financial innovation is expanding the range of instruments. In addition to traditiona...
Tax systems worldwide face a compliance gap that OECD data places at USD 100–240 billion annually in corporate avoidance alone, before accounting for the shadow economy and crypto-asset transactions. FinTech mandatory e-invoicing, real-time tra...
Regulatory sandboxes have evolved from specialised FinTech tools into broader mechanisms of regulatory experimentation. As artificial intelligence (AI) applications become embedded in credit decisioning, payment-fraud detection, identity verification...
After more than a decade of existence, crypto-currencies may now be considered an important class of assets presenting some unique appealing characteristics but also sharing some features with real financial assets. This paper provides a comprehensiv...
Taxation on cryptocurrency is becoming critical in global fiscal governance as digital assets adapt to the modern reality of existing outside of traditional regulatory constructs. Theoretical and practical understanding of cryptocurrency taxation is...
This study applies a prespecified dynamic MFDFA workflow across pandemic, geopolitical-conflict, and tariff-policy regimes for ten non-stable, long-history cryptoassets selected ex post from the 23 July 2026 market-cap ranking. The common sample comp...
In recent years, the attention of investors, practitioners and academics has grown in cryptocurrency. Initially, the cryptocurrency was designed as a viable digital currency implementation, and subsequently, numerous derivatives were produced in a ra...
19 February 2021
Due to added mobility and the increase in international students worldwide, as well as the current problem regarding the counterfeiting of diplomas and the selling of fraudulent certificates, we propose a technological solution. Namely, to ally block...
The distinction between whether a shock to the market of any asset is a valuation event or a financial stability event lies in the mechanism through which such a shock is translated into demand for liquidity. The aim of this integrative review is to...
The digital euro has moved from a general central-bank digital currency (CBDC) concept to a concrete Eurosystem project, situated between public digital cash, private payment innovation, and crypto-asset competition. This article develops a documenta...