Consumer protection regarding stablecoins
- Virtual currencies have gained popularity as part of the digital transformation of the financial system. In particular stablecoins are becoming increasingly popular with consumers. The tokens, which are pegged to a value and - according to their name - promise price stability, pose significant risks from which consumers need to be protected. This article focuses first on consumerspecific risks (B.) and German consumer protection law and in particular on the applicability of a right of withdrawal from the acquisition of stablecoins (C.). Subsequently, the EU legislator’s effort to minimize price stability as well as transparency and exchangeability risks, the Markets in Crypto-assets Regulation (2023/1114), is examined in terms of its consumer protection instruments (D.).
Author: | Lucas Denk |
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URN: | urn:nbn:de:hebis:30:3-836121 |
DOI: | https://doi.org/10.21248/gups.83612 |
ISSN: | 2940-7109 |
Parent Title (English): | Frankfurt Law Review : Rechtswissenschaftliche Zeitschrift von Studierenden der Goethe-Universität Frankfurt am Main. 2. Jahrgang. 01/2024 |
Publisher: | Goethe-Universität Frankfurt a.M. |
Place of publication: | Frankfurt am Main |
Document Type: | Article |
Language: | English |
Date of Publication (online): | 2024/04/17 |
Date of first Publication: | 2024/04/17 |
Publishing Institution: | Universitätsbibliothek Johann Christian Senckenberg |
Release Date: | 2024/04/17 |
Tag: | Consumer Protection; Crypto-Assets; Financial Regulation; MICAR; Right of Withdrawal; Stablecoins; Tokens; Virtual Currencies |
Volume: | 2 |
Issue: | 1 |
Page Number: | 9 |
First Page: | 29 |
Last Page: | 37 |
HeBIS-PPN: | 52104278X |
Institutes: | Rechtswissenschaft / Rechtswissenschaft |
Dewey Decimal Classification: | 3 Sozialwissenschaften / 34 Recht / 340 Recht |
Sammlungen: | Universitätspublikationen |
Zeitschriften / Jahresberichte: | Frankfurt Law Review : FraLR / Frankfurt Law Review Jg. 2, H. 1 (2024) |
: | urn:nbn:de:hebis:30:3-833691 |
Licence (German): | ![]() |