Greenacre Explores Regulatory Challenges Presented by Mobile Money
On August 11, 2022, SSRN published a paper by Jonathan Greenacre, Assistant Professor of International Relations at Boston University’s Frederick S. Pardee School of Global Studies, on the regulation of mobile money.
In his piece, titled “New Thinking for Institutional Distress of Mobile Money Firms,” Greenacre argues that the mobile money market, which emerged in 2004, presents a number of risks to users and surrounding economies that experts are just starting to understand. As such, He explores the consequences that emerge through the failure of a mobile money firm as well as four regulatory issues created through mobile money: “appropriate governance tools for trusts instruments, legal instruments civil law countries can use in the place of trusts, potential systemic risk that can arise through collapse of a major MM firm, and crisis management tools that can address such a collapse.”
The full paper can be read on SSRN’s website.
Professor Greenacre is a scholar and policy advisor. He works in the field of New Institutional Economics. He has provided legal and regulatory advice to the United Nations, International Monetary Fund, World Bank, and central banks in Africa and the Pacific. His work focuses on developing new regulatory frameworks for the digital revolution, particularly fintech payment systems/cryptocurrencies, artificial intelligence, transportation, and the internet of things. Learn more about Professor Greenacre on his faculty profile.