A discussion on the blockchain technology and competition in context with the EU and US law

Abstract

The technology, which has been around for a long time, has attracted the attention of the whole world relatively recently, along with the sharp rise of Bitcoin in 2017. In many areas of law, blockchain and cryptocurrencies have been studied all these years. However, competition law issues have not been treated as the most significant problems of blockchain application and were discussed by the legal authorities relatively rarely. In this paper, author will explain why it is so important to consider blockchain from a competition perspective, as well as will point out the most realistic and threatening uses of this technology for anticompetitive purposes.