<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0124-5996</journal-id>
<journal-title><![CDATA[Revista de Economía Institucional]]></journal-title>
<abbrev-journal-title><![CDATA[Rev.econ.inst.]]></abbrev-journal-title>
<issn>0124-5996</issn>
<publisher>
<publisher-name><![CDATA[Universidad Externado de Colombia]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0124-59962025000200137</article-id>
<article-id pub-id-type="doi">10.18601/01245996.v27n53.07</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[LA REGULACIÓN DE LOS CRIPTOACTIVOS: MÁS ALLÁ DE UN PROBLEMA DE EFICIENCIA]]></article-title>
<article-title xml:lang="en"><![CDATA[Cryptoassets regulation: beyond a eficiency problem]]></article-title>
<article-title xml:lang="pt"><![CDATA[A regulação dos criptoativos: além de um problema de eficiência]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Blanco Barón]]></surname>
<given-names><![CDATA[Constanza]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Externado de Colombia  ]]></institution>
<addr-line><![CDATA[Bogotá ]]></addr-line>
<country>Colombia</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2025</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2025</year>
</pub-date>
<volume>27</volume>
<numero>53</numero>
<fpage>137</fpage>
<lpage>190</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S0124-59962025000200137&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S0124-59962025000200137&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S0124-59962025000200137&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen La cuarta revolución industrial ha entrado con fuerza en la prestación de los servicios financieros que tradicionalmente han estado a cargo de las entidades financieras reguladas, pero que hoy en día están disponibles para el público bajo diversas modalidades de tecnologías de base, productos, procesos, plataformas de intercambio, emprendimientos y formas de pago que se pueden englobar como especies digitales. En este artículo se quiere examinar la forma como los reguladores financieros en diferentes jurisdicciones han abordado en forma disímil necesidades, retos y desafíos a la hora de asumir las implicaciones de las innovaciones tecnológicas, que son del orden económico y político, pero principalmente que tienen efectos en la formación de las normas jurídicas.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract The fourth industrial revolution has entered with force in the provision of financial services, which have traditionally restricted by regulated financial institutions. Thus, today the public has access to several modalities of digital species, such as technologies, products, processes, exchanges, enterprises and forms of payment that had not previously been considered by the regulation. The objective of this article is to examine the way in which financial regulators in different jurisdictions have addressed in a dissimilar way needs and challenges when it comes to assuming the implications of technological innovations, which are of the economic and political order, but mainly that have effects on the formation of legal norms.]]></p></abstract>
<abstract abstract-type="short" xml:lang="pt"><p><![CDATA[Resumo A quarta revolução industrial entrou com força na prestação de serviços financeiros que tradicionalmente estavam a cargo de instituições financeiras reguladas, mas que hoje estão disponíveis ao público sob várias modalidades de tecnologias básicas, produtos, processos, plataformas de câmbio, empreendimentos e formas de pagamento que podem ser englobadas como espêcies digitais. Este artigo tem como objetivo examinar a forma como os reguladores financeiros em diferentes jurisdições têm abordado de forma desigual as necessidades e desafios quando se trata de assumir as implicações das inovações tecnológicas, que são de ordem econômica e política, mas principalmente que têm efeitos na formação de normas jurídicas.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[criptomonedas, Regulación financiera, Activos digitales, Innovación tecnológica, Riesgo sistêmico, Moneda digital del banco central (CBDC)]]></kwd>
<kwd lng="es"><![CDATA[JEL: G12, G18, E42, O33]]></kwd>
<kwd lng="en"><![CDATA[fourth industrial revolution]]></kwd>
<kwd lng="en"><![CDATA[financial regulation]]></kwd>
<kwd lng="en"><![CDATA[digital species JEL: G12]]></kwd>
<kwd lng="en"><![CDATA[G18]]></kwd>
<kwd lng="en"><![CDATA[E42]]></kwd>
<kwd lng="en"><![CDATA[O33]]></kwd>
<kwd lng="pt"><![CDATA[quarta revolução industrial]]></kwd>
<kwd lng="pt"><![CDATA[regulação financeira]]></kwd>
<kwd lng="pt"><![CDATA[espécies digitais JEL: G12]]></kwd>
<kwd lng="pt"><![CDATA[G18]]></kwd>
<kwd lng="pt"><![CDATA[E42]]></kwd>
<kwd lng="pt"><![CDATA[O33]]></kwd>
</kwd-group>
</article-meta>
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