Network effects could drive concentration among crypto exchanges Competition can take many forms. Some markets sustain a large number of firms operating and growing in parallel. In other markets, the competitive process leads to all (or almost all) rivals being eliminated, save for one or a small number of survivors. This latter case has come…

Crypto exchanges operate in a dynamic, fast-paced environment in which the contours of competition are still evolving. However, the main parameters of competition among crypto exchanges, their economic characteristics, and current market data suggest that the sector may concentrate in the coming years. Crypto exchanges will soon attract attention from antitrust agencies, driven by an…

Introduction Blockchain technology is a complex and innovative field that has raised questions about its potential impact on competition laws. As the use of blockchain increases, its unique characteristics, such as market power, interoperability, network effects, and transparency, become increasingly challenging to regulate. To tackle these challenges, competition authorities across the globe, including the European…

Introduction The blockchain industry is undergoing tremendous development and expansion, with new applications and technology constantly appearing. In Hong Kong, blockchain-based industries and activities, such as cryptocurrencies, are gaining popularity and attention. As these industries grow, they must be governed in a manner that fosters competition and protects consumers. Competition law in Hong Kong is…

While the skyrocketed technological advancements add immense comfort to human lives, they bring certain tied-up gifts for humans to ponder upon. One such technology which recently had an enormous outburst in the economic structures is that of blockchains. Blockchain is one of the most revolutionary consequences of the advancement of digital commerce which is arguably…

Blockchain is the decentralized database introduced in 2008 to transact and store bitcoins without relying on the bank system, in a time where banks were facing one of the worst crises ever. The logic behind blockchain is to bypass intermediaries by creating a network made up by the same blockchain users where each blockchain participants…

Introduction Blockchain (aka distributed ledger) technology is inherently neither pro- nor anticompetitive.[1] It however does have the potential to be both. Given the significance of this emerging technology, the competition law impacts of blockchain are worthy of exploration. Trust, or rather its absence, constitutes a driving force behind blockchain technology. It is a decentralized, more…