A Socio-Legal Theory of Money for the Digital Commercial Society

A New Analytical Framework to Understand Cryptoassets
Erscheinungsjahr 2025
ISBN: 978-1-5099-6967-8
Verlag: Hart Publishing

Buch, Englisch, 288 Seiten, Paperback, Format (B × H): 156 mm x 234 mm, Gewicht: 433 g

This book poses the question: do we need a new body of regulations and the constitution of new regulatory agents to face the evolution of money in the Fourth Industrial Revolution?

After the Global Financial Crisis and the subsequent introduction of Distributed Ledger Technologies in monetary matters, multiple opinions claim that we are in the middle of a financial revolution that will eliminate the need for central banks and other financial institutions to form bonds of trust on our behalf. In contrast to these arguments, this book argues that we are not witnessing a revolutionary expression, but an evolutionary one that we can trace back to the very origin of money.

Accordingly, the book provides academics, regulators and policy makers with a multidisciplinary analysis that includes elements such as the relevance of intellectual property rights, which are disregarded in the legal analysis of money. Furthermore, the book proposes the idea that traditional analyses on the exercise of the lex monetae ignore the role of inside monies and technological infrastructures developed and supported by the private sector, as exemplified in the evolution of the cryptoassets market and in cases such as Banco de Portugal v Waterlow & Sons.

The book puts forward a proposal for the design and regulation of new payment systems and invites the reader to look beyond the dissemination of individual Distributed Ledger Technologies such as Bitcoin.

Autoren/Hrsg.

Cedillo Lazcano, Israel

Fachgebiete

• Rechtswissenschaften Recht, Rechtswissenschaft Allgemein Rechtsvergleichung
• Rechtswissenschaften Recht, Rechtswissenschaft Allgemein Rechtssoziologie, Rechtspsychologie, Rechtslinguistik
• Rechtswissenschaften Wirtschaftsrecht
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines

Inhaltsverzeichnis

Introduction
1. Socio-economic Analysis of the Concept of Money
2. Who Can Create Money?
3. Legal Analysis of the Concept of Money
4. Legal-Economic Analysis of Cryptoassets
5. Shadow Banking and a New Generation of Intermediaries
6. Designing a Lex Monetae for the Digital Commercial Society
7. Epilogue

Über Autor(innen)

Cedillo Lazcano, Israel
Israel Cedillo Lazcano is Associate Professor in Banking and IP/IT Law, and Director of Research and Graduate Studies at Universidad de las Américas Puebla (UDLAP), Mexico. He obtained his PhD in Law at the University of Edinburgh in 2021, his Bachelor´s degree in International Law in 2009, a Master´s degree in Anthropologic Studies of Mexico in 2012 and a Master´s degree in Governance and Globalisation in 2014, all from UDLAP. Professionally, he has worked as Intellectual Property Advisor and Personal Data Protection Officer for different institutions and was editor of Intellectual Property for SCRIPTed. His academic research is focused on intellectual property, artificial intelligence, financial innovation, and the legal nature of money. He has won national and international research prizes such as the 2013 FELABAN Prize (the Competition for Legal Monographs for Lawyers under 35 years old, sponsored by the Latin American Banks Federation), and the Second Prize of the 2015 Manuel Espinosa Yglesias Prize, sponsored by the Espinosa Yglesias Research Centre.

Israel Cedillo Lazcano is Associate Professor in Banking and IP/IT Law and Director of Research and Graduate Studies at Universidad de las Américas Puebla (UDLAP), Mexico.