... global electronic payment infrastructure, which is directly linked to the banking system, evading sanctions will become increasingly difficult. In this regard, participants in international transactions are actively exploring the potential of using cryptocurrencies to make secure payments. Cryptocurrencies undoubtedly offer an interesting avenue for developing a decentralized system of international settlements, but only as a transaction-recording technology or a digital financial asset. At the ...
The crypto crisis could be used by regulators as an opportunity to bolster international financial cooperation, including within the framework of the G20
In 2022 the global financial markets were rattled by a series of adverse developments in the crypto segment, which culminated in the FTX meltdown and the multiple ripple effects the markets are likely to continue to grapple with in the course of this year. The implications of the crypto debacle, while clearly negative in the near term, also concern...
... itself. Entirely electronic and almost impossible to track, this new style of currency helped spark a whole new way for people to perform transactions without lots of the possible barriers presented by traditional monetary means. Bitcoin and the other cryptocurrencies based on the former’s open source code have altered much of the financial world as we know it, as well as having real world impacts in the political and international arenas. To help someone new to cryptocurrencies understand the concept,...