The influence of European MiCa regulation on cryptocurrencies
This research investigates the relationship between impending regulatory measures, specifically the introduction of European MiCa regulations, and their influence on cryptocurrency markets. Analysing stock market responses, we highlight significant shifts in liquidity, variance, and return dynamics...
| Main Authors: | , , |
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| Format: | Journal Article |
| Published: |
2024
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| Online Access: | http://hdl.handle.net/20.500.11937/97483 |
| _version_ | 1848766279267123200 |
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| author | Conlon, T. Corbet, S. Oxley, Leslie |
| author_facet | Conlon, T. Corbet, S. Oxley, Leslie |
| author_sort | Conlon, T. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | This research investigates the relationship between impending regulatory measures, specifically the introduction of European MiCa regulations, and their influence on cryptocurrency markets. Analysing stock market responses, we highlight significant shifts in liquidity, variance, and return dynamics post-MiCa-related announcements. Specifically, such announcements are associated with significant negative cryptocurrency returns and elevated liquidity. The findings reveal defined heterogeneity across different cryptocurrency sub-classes, each uniquely affected by its inherent attributes and susceptibility to regulatory changes. This work offers insights into the nature of market responses to regulatory intervention, providing an invaluable perspective on the equilibrium between cryptocurrency market behaviour and the evolving European regulatory landscape. |
| first_indexed | 2025-11-14T11:48:37Z |
| format | Journal Article |
| id | curtin-20.500.11937-97483 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T11:48:37Z |
| publishDate | 2024 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-974832025-04-16T03:20:45Z The influence of European MiCa regulation on cryptocurrencies Conlon, T. Corbet, S. Oxley, Leslie This research investigates the relationship between impending regulatory measures, specifically the introduction of European MiCa regulations, and their influence on cryptocurrency markets. Analysing stock market responses, we highlight significant shifts in liquidity, variance, and return dynamics post-MiCa-related announcements. Specifically, such announcements are associated with significant negative cryptocurrency returns and elevated liquidity. The findings reveal defined heterogeneity across different cryptocurrency sub-classes, each uniquely affected by its inherent attributes and susceptibility to regulatory changes. This work offers insights into the nature of market responses to regulatory intervention, providing an invaluable perspective on the equilibrium between cryptocurrency market behaviour and the evolving European regulatory landscape. 2024 Journal Article http://hdl.handle.net/20.500.11937/97483 10.1016/j.gfj.2024.101040 unknown |
| spellingShingle | Conlon, T. Corbet, S. Oxley, Leslie The influence of European MiCa regulation on cryptocurrencies |
| title | The influence of European MiCa regulation on cryptocurrencies |
| title_full | The influence of European MiCa regulation on cryptocurrencies |
| title_fullStr | The influence of European MiCa regulation on cryptocurrencies |
| title_full_unstemmed | The influence of European MiCa regulation on cryptocurrencies |
| title_short | The influence of European MiCa regulation on cryptocurrencies |
| title_sort | influence of european mica regulation on cryptocurrencies |
| url | http://hdl.handle.net/20.500.11937/97483 |