Publicação
The impact of markets in crypto-assets fregulation on venture capital funding for cryptocurrency startups in Europe
| datacite.subject.fos | Ciências Sociais::Economia e Gestão | |
| dc.contributor.advisor | Santos, Fernando Martinez | |
| dc.contributor.advisor | Martins, Pedro | |
| dc.contributor.author | Soares, Raquel Fidalgo | |
| dc.date.accessioned | 2026-05-26T10:05:08Z | |
| dc.date.available | 2026-05-26T10:05:08Z | |
| dc.date.issued | 2026-01-09 | |
| dc.date.submitted | 2026-01-09 | |
| dc.description.abstract | This paper examines whether the Markets in Crypto-Assets Regulation increased venture capital funding for European centralised cryptocurrency startups. A difference-in-differences design exploits variation between European startups subject to the regulation and untreated firms in California, Hong Kong, and Singapore over 2021 to mid-2025. The analysis finds that the regulation increased quarterly venture capital funding by seven to nine percent. Effects are concentrated in late-stage investment, where funding increased by fourteen to seventeen percent, while early-stage funding shows no significant change. These findings provide the first causal evidence on investor response to regulatory compliance requirements in a previously unregulated market. | eng |
| dc.identifier.tid | 204242096 | |
| dc.identifier.uri | http://hdl.handle.net/10362/203414 | |
| dc.language.iso | eng | |
| dc.relation | UID/00124/2025 | |
| dc.rights.uri | http://creativecommons.org/licenses/by/4.0/ | |
| dc.subject | MiCA | |
| dc.subject | Financial regulation | |
| dc.subject | Venture capital | |
| dc.subject | Fintech | |
| dc.subject | Cryptocurrency | |
| dc.title | The impact of markets in crypto-assets fregulation on venture capital funding for cryptocurrency startups in Europe | eng |
| dc.type | master thesis | |
| dspace.entity.type | Publication | |
| thesis.degree.name | A Work Project, presented as part of the requirements for the Award of a master’s degree in international development and public policy from the Nova School of Business and Economics |