数字货币理论与实践研究  

Research on theTheory and Practice of Cryptocurrency

作　　者：刘谆谆 贲圣林 Liu Zhunzhun;Ben Shenglin

机构地区：[1]上海黄金交易所博士后工作站,上海200001 [2]复旦大学管理学院,上海200433 [3]浙江大学国际联合商学院,浙江海宁314499

出　　处：《西南金融》2022年第3期33-45,共13页Southwest Finance

摘　　要：通过对文献的梳理发现目前对加密数字货币市场(以下简称币市)的研究主要聚焦在加密数字货币概念、ICO筹融资、币市波动性、投资者行为、币市投资风险等。本研究明确加密数字货币定位,基于已有金融理论深度解析币市现象,厘清币市存在的ICO欺诈、非法交易、洗钱、平台跑路、监管痛点等风险隐患问题,从加密数字货币融资上市整个过程中各方参与者角度提出针对性建议,尝试通过各方通力协作搭建加密行业治理体系,以期为加密资产行业健康发展及监管提供逻辑依据。Through combing the literature,we find that the current research on the cryptocurrency market(hereinafter referred to as the currency market)mainly focuses on the concept of cryptocurrency,ICO financing,currency market volatility analysis,investor behavior,and currency market investment risks.This research clari⁃fies the positioning of cryptocurrency,analyzes the phenomenon of the currency market in depth based on existing financial theories,and clarifies the hidden risks such as ICO fraud,illegal transactions,money laundering,plat⁃form running away,and regulatory pain points in the currency market.Finally,this article puts forward targeted suggestions from the perspectives of all parties involved in the entire process of cryptocurrency financing and list⁃ing,and attempts to build a governance system for the crypto industry through the concerted efforts of all parties,so as to provide a logical basis for the healthy development and supervision of the crypto asset industry.

关 键 词：加密数字货币 数字货币市场 数字货币交易 数字货币监管 数字资产 区块链 反洗钱 风险防控 

分 类 号：F831.0[经济管理—金融学] F831.5