Por que regularam o bitcoin?: um estudo da regulação dos Estados Unidos e do Japão

Abstract

Bitcoin was not the first digital currency to be created, but it was the one that most has achieved repercussions with its innovative technology, of conducting transactions to any region of the world without intermediaries, such as financial or governmental institutions. However, despite being a currency that allows international exchanges, its regulation is done nationally. Thus, the present work sought to analyze what motivated and how this process of regulation of Bitcoin and cryptocurrencies took place, especially in the United States and Japan, from the perspective of Keynesian and post-Keynesian theory, which reinforces the duty of monetary authorities and their commitment to organise and contribute to the development of financial markets. To carry out this article, a bibliographic review of scientific articles was made addressing Keynes and post-Keynesians and their financial market perspectives, the collection and analysis of data from Bitcoin statistical sites and a documentary research of the adjustments executed. It is concluded that national macroeconomic authorities cannot through regulations prevent the high volatility of Bitcoin, persisting speculative activity through it.