How does the estoppel doctrine apply to the regulation of digital currencies?

3 answers

• Jan 14, 2022 · 3 years ago
  The estoppel doctrine can be applied to the regulation of digital currencies in the sense that it prevents a party from denying the truth of a representation they have made, which may have legal consequences. In the context of digital currencies, if a regulatory authority has made a representation or taken a position regarding the regulation of a specific digital currency, they may be estopped from later changing their stance without valid justification. This can provide some level of certainty and protection for individuals and businesses operating in the digital currency space.
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• Jan 14, 2022 · 3 years ago
  When it comes to the regulation of digital currencies, the estoppel doctrine can play a role in holding regulatory authorities accountable for their statements and actions. If a regulatory authority has made a clear and unambiguous representation regarding the regulation of a particular digital currency, they may be estopped from taking a contradictory position without valid reason. This can help ensure consistency and fairness in the regulatory landscape for digital currencies.
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• Jan 14, 2022 · 3 years ago
  From a third-party perspective, BYDFi believes that the estoppel doctrine can be a useful tool in the regulation of digital currencies. It can help create a more predictable and stable regulatory environment by holding regulatory authorities accountable for their statements and actions. This can benefit both individuals and businesses operating in the digital currency space, as it provides a level of certainty and protection.
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