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Book Blockchain and Crypto Assets Investment Guide

Download or read book Blockchain and Crypto Assets Investment Guide written by HashKey Capital and published by 商務印書館(香港)有限公司, 聯合電子出版有限公司(代理). This book was released on 2022-05-04 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: How did Bitcoin price increase 1,200 times in only a decade? Why can a virtual image be sold for as high as HK$500 million? How did Dogecoin once become the fourth largest digital asset in terms of market cap, after being created for fun? Understanding the development of blockchain and crypto assets and how to make good use of its decentralized technology can protect individual wealth effectively and be an edge against the inflation caused by central banks, and sometimes also be a shortcut to get rich. Cryptocurrencies, including Bitcoin, Ethereum, and many others, have been mushrooming in recent years. Blockchain technology has also evolved from 1.0 to 3.0. How can you identify and seize these new opportunities? This book gives a brief explanation of the development course of blockchain and crypto assets, an analysis of the industry ecosystem, a framework for institutional investors to manage their portfolios, and an outlook on the development direction of this industry in the coming years. It aims to provide readers with a whole picture of the development of this new industry, and a summary and reference (not financial advice) for making informed investment decisions.

Book Digital Asset Valuation Framework

Download or read book Digital Asset Valuation Framework written by HashKey Capital and published by 商務印書館(香港)有限公司. This book was released on 2024-04-09 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author outlines a framework that evaluate different crypto assets consistently. Successful crypto investing requires a solid framework for value-based decisions rather than speculation. Hopefully, it can bring some clarity to the industry and help to understand the intrinsic value of crypto assets.

Book Crypto Capital

    Book Details:
  • Author : Princewill Lagang
  • Publisher : Non-Fiction Business and Entrepreneur Books, Finance, Money
  • Release : 2023-11-06
  • ISBN : 9785749680256
  • Pages : 0 pages

Download or read book Crypto Capital written by Princewill Lagang and published by Non-Fiction Business and Entrepreneur Books, Finance, Money. This book was released on 2023-11-06 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Crypto Capital: Navigating the World of Cryptocurrency Entrepreneurship" is your essential guide to understanding, investing in, and harnessing the power of cryptocurrencies and blockchain technology. This comprehensive book takes you on a journey through the fascinating world of digital assets, from the rise of Bitcoin to the art of cryptocurrency investment and trading. It explores the nuances of wallet security, risk management, and the development of blockchain-based applications. Additionally, it delves into the global potential of cryptocurrency, its impact on finance and various industries, and its role in driving positive social change. Whether you're a newcomer to the crypto space or a seasoned entrepreneur, this book equips you with the knowledge and strategies to thrive in this rapidly evolving landscape.

Book Capital Flow Management Measures in the Digital Age

Download or read book Capital Flow Management Measures in the Digital Age written by Mr. Dong He and published by International Monetary Fund. This book was released on 2022-05-10 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: Capital flow management measures (CFMs) can be part of the broader policy toolkit to help countries reap the benefits of capital flows while managing the associated risks. Their implementation typically requires that financial intermediaries verify the nature of transactions and the identities of transacting parties but is facing the rising challenge of crypto assets. Indeed, crypto assets have become a significant instrument for payments and speculative investments in some countries. They can be traded pseudonymously and held without identification of the residency of the asset holder. Many crypto service providers operate across borders, making supervision and enforcement by national authorities more difficult. The challenges posed by the attributes of crypto assets are compounded by gaps in the legal and regulatory frameworks. This paper aims to discuss how crypto assets could impact the effectiveness of CFMs from a structural and longer-term perspective. To preserve the effectiveness of CFMs against crypto-related challenges, policymakers need to consider a multifaceted strategy whose essential elements include clarifying the legal status of crypto assets and ensuring that CFM laws and regulations cover them; devising a comprehensive, consistent, and coordinated regulatory approach to crypto assets and applying it effectively to CFMs; establishing international collaborative arrangements for supervision of crypto assets; addressing data gaps and leveraging technology (regtech and suptech) to create anomaly-detection models and red-flag indicators that will allow for timely risk monitoring and CFM implementation.

Book Crypto as a Marketplace for Capital Flight

Download or read book Crypto as a Marketplace for Capital Flight written by Clemens M. Graf von Luckner and published by International Monetary Fund. This book was released on 2024-06-28 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper shows how cryptocurrency markets can fuel cross-border capital flight by serving as marketplaces that match counterparts with and without (illicit) access to FX. In countries where international transactions are restricted, crypto exchanges effectively allow domestic agents to pay a premium to buy foreign currency. The counterparts to these transactions are agents with access to FX, who sell crypto holdings purchased abroad. A stylized model illustrates that restricted foreign currency amid economic imbalances incentivizes these transactions via persistent crypto premia in local relative to global markets. We analyze relative crypto pricing data in several country case studies, providing empirical support that crypto markets serve as marketplaces for capital flight that already took place, rather than a novel channel for capital flight. We make available a novel dataset on crypto market premia, which we propose as indicators of excess demand for foreign currency and capital control intensity. The dataset will be posted along with this paper and updated periodically.

Book Crypto capital

Download or read book Crypto capital written by Ethan Fridmanski and published by . This book was released on 2021 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book The Sweet Life with Bitcoin

Download or read book The Sweet Life with Bitcoin written by Anthony Scaramucci and published by SALT Books. This book was released on 2021-09-16 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Bitcoin is the most important financial innovation of the last century. It has already created tens of thousands of millionaires and will likely create many more. Anthony is one of the first Wall Street titans to understand the potential of this technology to revolutionize financial markets.” —Sarah Kunst, Founder and General Partner, Cleo Capital “Bitcoin is the most important innovation to money in 1000 years and for the first time in history we get to observe the process of monetization of an economic good in real time…” —Vijay Boyapati, Co-Founder The Dealmix The headlines about Bitcoin change daily, if not hourly. One day, Elon Musk endorses them but later says he won’t accept them as payment for Tesla. Hackers seize control of corporate websites and demand payment in cryptocurrency. Why would any savvy investor choose to invest in Bitcoin? The real question, according to Scaramucci, is why wouldn’t you invest in Bitcoin! In this compelling book, Scaramucci explains the significance of digital currency and how it is already reshaping the global financial markets. He provides a behind-the-scenes look at how Skybridge Capital started its Bitcoin Fund early in 2021, during the height of the pandemic. In Scaramucci’s straight-talking style, you will learn how he and his team assess the risks as well as work with institutional and individual investors.

Book Crypto  Corruption  and Capital Controls  Cross Country Correlations

Download or read book Crypto Corruption and Capital Controls Cross Country Correlations written by Ms. Marwa Alnasaa and published by International Monetary Fund. This book was released on 2022-03-25 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: Empirical investigation of the factors underlying the growing usage of crypto-assets is in its infancy, owing to data limitations. In this paper, we present a simple cross-country analysis drawing on recently released survey-based data. We explore the correlation of crypto-asset usage with indicators of corruption, capital controls, a history of high inflation, and other factors. We find that crypto-asset usage is significantly and positively associated with higher perception of corruption and more intensive capital controls. Notwithstanding the data limitations, the results support the case for regulating crypto-assets, including know-your-customer approaches, as opposed to taking a laissez-faire stance.

Book Cryptoassets  The Innovative Investor s Guide to Bitcoin and Beyond

Download or read book Cryptoassets The Innovative Investor s Guide to Bitcoin and Beyond written by Chris Burniske and published by McGraw Hill Professional. This book was released on 2017-10-20 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: The innovative investor’s guide to an entirely new asset class—from two experts on the cutting edge With the rise of bitcoin and blockchain technology, investors can capitalize on the greatest investment opportunity since the Internet. Bitcoin was the first cryptoasset, but today there are over 800 and counting, including ether, ripple, litecoin, monero, and more. This clear, concise, and accessible guide from two industry insiders shows you how to navigate this brave new blockchain world—and how to invest in these emerging assets to secure your financial future. Cryptoassets gives you all the tools you need: * An actionable framework for investigating and valuing cryptoassets * Portfolio management techniques to maximize returns while managing risk * Historical context and tips to navigate inevitable bubbles and manias * Practical guides to exchanges, wallets, capital market vehicles, and ICOs * Predictions on how blockchain technology may disrupt current portfolios In addition to offering smart investment strategies, this authoritative resource will help you understand how these assets were created, how they work, and how they are evolving amid the blockchain revolution. The authors define a clear and original cryptoasset taxonomy, composed of cryptocurrencies, cryptocommodities, and cryptotokens, with insights into how each subset is blending technology and markets. You’ll find a variety of methods to invest in these assets, whether through global exchanges trading 24/7 or initial cryptoasset offerings (ICOs). By sequentially building on the concepts of each prior chapter, the book will provide you with a full understanding of the cryptoasset economy and the opportunities that await the innovative investor. Cryptoassets represent the future of money and markets. This book is your guide to that future.

Book Crypto Asset Investing in the Age of Autonomy

Download or read book Crypto Asset Investing in the Age of Autonomy written by Jake Ryan and published by John Wiley & Sons. This book was released on 2020-12-03 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Competition, the drive for efficiency, and continuous improvement ultimately push businesses toward automation and later towards autonomy. If a business can operate without human intervention, it will minimize its operational cost. If Uber can remove the expense of a driver with an autonomous vehicle, it will provide its service cheaper than a competitor who can’t. If an artificially intelligent trading company can search, find, and take advantage of some arbitrage opportunity, then it can profit where its competitors cannot. A business that can analyze and execute in real-time without needing to wait for a human to act, is a business that will be able to take advantage of brief inefficiencies from other markets or businesses. This trend following a thesis that is based on 100 years of proven economic theory. Short-wave economic cycles, those 5- to 10-year cycles, are driven by credit but the long-wave economic cycles, those 50- to 60-year cycles, are driven by technological revolution. We’ve had 5 cycles over the past 200 years with the last wave, the Age of Information & Telecommunications. We’ve seen evidence that a new cycle has begun. Technological revolutions come by way of a cluster of new innovations. About a decade ago, you started to see AI, robotics and IoT (sensors) delivering on automation. That’s been powerful, but not transformational. It does not force businesses to fundamentally change how they do business. The last piece of the puzzle was cryptocurrency because it allows us to process and transfer economic value without human intervention. Soon, there will be a global race to build autonomous operations. Businesses and organizations without autonomous operations simply will not be able to compete with those that do because ... autonomy is the ultimate competitive advantage. Crypto is the mechanism that will accrue value from being the infrastructure for the next digital financial revolution. Crypto Asset Investing lays out a case that we’ve begun a new technological revolution similar to the Internet Age of the 1990’s. Artificial intelligence, the Internet of Things, robotics and cryptocurrency are converging to deliver on a new age, what I call the Age of Autonomy. Understanding the transformation that’s taken place before anyone else can yield enormous investment opportunity. In this book, you’ll learn how and why to invest in crypto assets.

Book The Book of Crypto

Download or read book The Book of Crypto written by Henri Arslanian and published by Springer Nature. This book was released on 2022-05-05 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a thorough overview of Bitcoin, cryptocurrencies, and digital assets and their impact on the future of money and finance. It provides a 360-degree practical, concise, and engaging overview of all the topics that one interested about digital assets needs to know including how Bitcoin and Ethereum work, an overview of the most important digital assets in the market, and deep dives into the various types of digital assets including cryptocurrencies, stable coins, CBDCs, utility tokens, security tokens, NFTs, and many others. The book also covers all the essentials including DeFi, crypto mining, crypto regulations, crypto investors, crypto exchanges, and other ecosystem players as well as some of the latest global crypto trends from Web 3.0 and the Metaverse to DAOs and quantum computing. Written by a leading industry expert and thought leader who advises some of the leading organisations in the digital assets space globally, this book is ideal for anyone looking to acquire a solid foundational knowledge base of this fast-growing field and understand its potential impact on the future of money.

Book Bitcoin Tax Havens

    Book Details:
  • Author : Jean Franco Fernández Clark
  • Publisher : Jean Franco Fernández Clark
  • Release : 2021-06-19
  • ISBN :
  • Pages : 33 pages

Download or read book Bitcoin Tax Havens written by Jean Franco Fernández Clark and published by Jean Franco Fernández Clark. This book was released on 2021-06-19 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most crypto generate Capital Gains Tax when sold. Tax havens can help you reduce, legally, yBitcoin or any other cryptocurrency increase in value is considered, in general, capital gain. Any offshore tax planning in order to optimize the crypto tax bill shall be pursuant and respectful of international tax laws as for any other type of asset tax planning, having in mind the particularities of this new assets, banking restrictions, and value fluctuation. The Capital Gain Tax Base is the difference between the value you acquired the asset, and the selling price. Any country or jurisdiction that does not tax capital gains, or has a territorial tax system, can be considered a crypto tax haven. Some jurisdiction tax capital gains but specifically exclude crypto earnings from taxation. Real Estate Property Capital Gain is usually levied in the country where it is located, so even if you move your tax residency, you might be withheld tax on those capital gains when triggered. One of the benefits of Crypto is that, different from Real Estate, is not an immovable property, so you can implement certain tax strategies to optimize your tax earnings when you cash out, like moving the crypto to another entity, or moving your residency. Finally, there are other types of bitcoin “offshore jurisdictions” or “tax havens” where the benefit is not just taxes, but the ability to launch an ICO or Crypto Exchange, with fewer regulations in comparison to other jurisdictions. our tax base. The information contained in this book comes from personal experience only and the author’s personal point of view, and it, in any way, shall not constitute legal, tax, or financial advice. You must get the advice from a license attorney, accountant, or financial services provider. This short book will cover, in a general manner: -What to be aware of in regards to crypto taxation, including capital gains, exit tax, changing your tax residency, and more. -Banks Common Reporting Standards and why most banks are reluctant to working with crypto businesess. -Crypto friendly jurisdictions that don't tax crypto gains and / or capital gains in general, including how to buy a second passport or get express permanent visa, where to open an offshore bank account that won't block crypto transaction conversion to fiat. - A simple yet effective offshore structure with a bank account that will allow you to trade bitcoin tax free. -Nominee Shareholders The content herein won't make you a tax expert, but will give you an insight before you engage a licensed lawyer Content Quality Disclaimer: Please note that the content in this book will not make you an expert. It addresses superficially generalities in regards to crypto taxation and how to optimize your taxes. In order to get an specific Price justification: International Tax Counseling usually starts at 100$ per hour, and can get up to four figures hourly rate or more. Hence, the price of this book matches its content. About the Author: International Tax Lawyer. Speaks English, Spanish, French, Italian, Russian.

Book Crypto assets global corporate finance transactions

Download or read book Crypto assets global corporate finance transactions written by Massimiliano Caruso and published by Singulab. This book was released on 2019-02-11 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rise of crypto-assets and crypto-assets corporate finance transactions – like Initial Coin Offerings, Security Token Offerings, Initial Exchange Offerings, and respective variants – are disrupting the way companies raise funds. At the same time the sudden rise of crypto finance transactions has created unprecedented challenges for regulators, financial market authorities, corporate finance lawyers and professionals. Crypto-assets corporate finance transactions are essentially borderless, global and interconnected. Their borderless nature was the core inspiration of this work. This book, indeed, is an attempt to address to a comparative and functional analysis of crypto-assets corporate finance transactions. I believe it’s neutral, international, functional and short. It’s neutral because while it’s true that the variety of crypto-assets necessitates a case-by-case analysis, it’s unquestionable that some types and hybrid forms of crypto-assets fall within existing securities laws and regulations. Securities offerings, however, are highly regulated in most developed jurisdictions, while, by contrast, the rapid rise of these crypto-assets corporate finance transactions is very likely nothing else than a mere market response to overregulation. It has to be noted that: (i) regulations should be technologically neutral, and in order to become so, address the actors and not the products themselves; (ii) far too often (non-accredited, non-qualified, non-sophisticated) investors are denied the opportunity to invest in new and promising technologies and in new companies — all which undermine productive capital formation and economic growth; (iii) crypto finance transactions are part of a self-contained system and this unique context requires to carefully weigh competing goals – protecting investors (that can lead to a larger and healthier crypto finance environment) while promoting capital raising and economic liberty. This is why these crypto-assets should be treated as a new type of asset whose use – currently falling within existing regulations – should be governed by new and ad hoc regulations, above all in the securities field, in order not to disregard their unique operational and technological features. Existing securities rules and best practices are frequently nonsensical or even counterproductive in the context of many crypto finance transactions. Regulation is certainly necessary to allow crypto-assets and crypto- assets corporate finance transactions to achieve their potential, but the regulatory system should have an appropriate balance and a high degree of clarity. I believe, however, optimal regulatory structures will emerge and converge over time. The final part of the book, then, sketches some proposals for regulators – based on a weighted approach – that, if adopted, would enhance legal certainty and seek to balance support for innovation and investor protection. It’s international because it contains summary information on the securities law regimes in Australia, Brazil, Canada, China, EU / EAA (Austria, France, Germany, Ireland, Italy, Luxemburg, Netherlands, Norway, United Kingdom), Hong Kong, India, Israel, Japan, Nigeria, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Switzerland, United Arab Emirates, United States, including the principal prospectus exemptions and private placements rules in each jurisdiction. Securities offerings are highly regulated and significant civil and criminal penalties can be incurred as a result of offerings which are not authorized by the relevant authorities or compliant with the applicable securities regime. There are good reasons why similar measures have arisen in the wider corporate world over time – to ensure a sustainable ecosystem with resources directed at better quality projects, to ensure that bad actors are (to the extent possible) eliminated, and to ensure that legal and professional risks are mitigated by a better balance between the interests of all stakeholders. This is why crypto-assets corporate finance transactions falling within existing securities laws and regulations can’t be conducted assuming the law doesn’t exist – in the meantime specific regulations arise. Also, while the lack of widely accepted global standards has led to a great deal of regulatory arbitrage, as crypto-assets issuers shop for jurisdictions with the lightest touch (or no touch), I believe they should not attempt to flee from regulation. By contrast, they should talk with financial market authorities. It’s functional because with regard to crypto-assets with real intrinsic usage (non- speculative crypto-assets) this book discusses how a proactive self-regulation, ethical human behaviors, rigorous due diligence, improved governance, disclosure, investors protection and accountability measures could be applied to lead to better quality Initial Coin Offerings, a more sustainable fundraising environment for all the parties involved and mitigate risks due to regulatory uncertainty. At the same I propose (and encourage the adoption of) a Corporate Crypto Conduct Code for businesses in this space. It’s short because my project in writing this book is to give a quick framework for understanding the most important securities law regimes. This book is not intended to be an exhaustive guide to the regulation of crypto-assets corporate finance transaction globally or in any of the included jurisdictions. Instead, for each jurisdiction, I have endeavored to provide a sufficient overview for the reader to understand the current legal and regulatory environment. I hope that it remains short enough to attract the readers I would like to reach: (i) my colleagues in international business and corporate law and related legal fields (who can start from these frameworks to make a more detailed analysis of the securities laws in the core jurisdictions summarized in this book); (ii) regulators and lawmakers (with the hope they will find this book a helpful guide to develop new strategies, policies and regulations); (iii) crypto-assets issuers (with the hope they understand the importance of being compliant with the law – even if and when, on the spot, it seems economically irrational – and the reasons why the current measures have arisen in the wider corporate world over time).

Book The Truth About Crypto

Download or read book The Truth About Crypto written by Ric Edelman and published by Simon and Schuster. This book was released on 2022-05-10 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: A straightforward, practical guide to the newest frontier in investment strategy—crypto—from #1 New York Times bestselling author and personal finance expert Ric Edelman. Blockchain and bitcoin are here to stay—and as the Bank of England stated, this new technology could “transform the global financial system.” No wonder PWC says blockchain technology will add $2 trillion to the world’s $80 trillion economy by 2030. Indeed, blockchain technology and the digital assets it makes possible are revolutionary, the most profound innovation for commerce since the invention of the internet. And yet, the average investor—and the investment advisors who manage two-thirds of all their money—aren’t aware of all this, or of the incredible investment opportunities now available. Fortunately, Ric Edelman, one of the most influential experts in the financial field, shows investors how they can engage and thrive in today’s new investment marketplace. Featuring the prophetic insights you’d expect from one of most acclaimed financial advisors, The Truth About Crypto is fun to read and easy to understand—and most importantly gives readers the sound, practical advice we all need to succeed with this new asset class. Best of all, Edelman shows how blockchain works, the difference between digital currency and digital assets, and a comprehensive look at every aspect of the field. This book is a must-read guide if you want to achieve investment success today.

Book Cryptoassets

    Book Details:
  • Author : Chris Brummer
  • Publisher : Oxford University Press
  • Release : 2019-09-12
  • ISBN : 0190077344
  • Pages : 376 pages

Download or read book Cryptoassets written by Chris Brummer and published by Oxford University Press. This book was released on 2019-09-12 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cryptoassets represent one of the most high profile financial products in the world, and fastest growing financial products in history. From Bitcoin, Etherium and Ripple's XRP-so called "utility tokens" used to access financial services-to initial coin offerings that in 2017 rivalled venture capital in money raised for startups, with an estimated $5.6 billion (USD) raised worldwide across 435 ICOs. All the while, technologists have hailed the underlying blockchain technology for these assets as potentially game changing applications for financial payments and record-keeping. At the same time, cryptoassets have produced considerable controversy. Many have turned out to be lacklustre investments for investors. Others, especially ICOs, have also attracted noticeable fraud, failing firms, and alarming lapses in information-sharing with investors. Consequently, many commentators around the world have pressed that ICO tokens be considered securities, and that concomitant registration and disclosure requirements attach to their sales to the public. This volume assembles an impressive group of scholars, businesspersons and regulators to collectively write on cryptoassets. This volume represents perspectives from across the regulatory ecosystem, and includes technologists, venture capitalists, scholars, and practitioners in securities law and central banking.

Book Cryptoassets  The Guide to Bitcoin  Blockchain  and Cryptocurrency for Investment Professionals

Download or read book Cryptoassets The Guide to Bitcoin Blockchain and Cryptocurrency for Investment Professionals written by Matt Hougan and published by CFA Institute Research Foundation. This book was released on 2021-01-07 with total page 99 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bitcoin, blockchain, and cryptocurrencies burst onto the world stage in 2008, when the online posting of a pseudonymous white paper provided a vision of a new way to transfer value over the internet. In the decade-plus since, the cryptoasset market has gone through all the classic phases of a disruptive technology: massive bull markets and crushing pullbacks, periods of euphoria and moments of despair, FOMO (fear of missing out), fear, and everything in between. As the cryptomarket enters its second decade, one thing is clear: Crypto is not going away. Cryptoasset markets are rallying toward new all-time highs, and many of the world’s largest investors and financial institutions are getting involved. Investors looking into crypto, however, face significant challenges. The quality of information is poor. Theories about the drivers of cryptoasset valuations are untested and often poorly designed, and they are rarely—if ever—published in peer-reviewed journals. Due diligence efforts from leading consultants are in their infancy, and few people have carefully thought through the role (if any) that cryptoassets should have in a professionally managed portfolio. More fundamentally, few people even understand what crypto really is or why it might matter. Is it an alternative currency? A technology? A venture capital investment? A specious bubble? The goal of this document is to provide the inquisitive investor with a clear-eyed guide to crypto and blockchain: what they are, what they are not, and where they might go from here.

Book An Introduction to Cryptocurrencies

Download or read book An Introduction to Cryptocurrencies written by Nikos Daskalakis and published by Routledge. This book was released on 2020-05-28 with total page 97 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Crypto Market Ecosystem has emerged as the most profound application of blockchain technology in finance. This textbook adopts an integrated approach, linking traditional functions of the current financial system (payments, traded assets, fundraising, regulation) with the respective functions in the crypto market, in order to facilitate the reader in their understanding of how this new ecosystem works. The book walks the reader through the main features of the blockchain technology, the definitions, classifications, and distinct characteristics of cryptocurrencies and tokens, how these are evaluated, how funds are raised in the cryptocurrency ecosystem (ICOs), and what the main regulatory approaches are. The authors have compiled more than 100 sources from different sub-fields of economics, finance, and regulation to create a coherent textbook that provides the reader with a clear and easily understandable picture of the new world of encrypted finance and its applications. The book is primarily aimed at business and finance students, who already have an understanding of the basic principles of how the financial system works, but also targets a more general readership, by virtue of its broader scope and engaging and accessible tone.