what are the ramifications of crypto currency for nations

Last Updated on August 18, 2023 by Paganoto

Cryptoassets as National Currency? A Step Too Far – IMF Blog

Cryptoassets as National Currency? A Step Too Far – IMF Blog

As national currency, cryptoassets—including Bitcoin—come with substantial risks to macro-financial stability, financial integrity, consumer …

Legality of cryptocurrency by country or territory – Wikipedia

Legality of cryptocurrency by country or territory – Wikipedia

The legal status of cryptocurrencies varies substantially from one jurisdiction to another, and is still undefined or changing in many of them.

The Implications of Cryptocurrency Exploitation by Nation-States

The Implications of Cryptocurrency Exploitation by Nation-States

Cryptocurrencies were designed to be independent of any particular nation-state — but that doesn’t mean countries are indifferent to them.

Cryptocurrency regulations by country – Thomson Reuters

Cryptocurrency regulations by country – Thomson Reuters

In June 2021 financial authorities said crypto-assets are not legal tender and not considered currencies under existing laws, warning that …

Cryptocurrencies, Digital Dollars, and the Future of Money

Cryptocurrencies, Digital Dollars, and the Future of Money

To proponents, cryptocurrencies are a democratizing force, wresting the power of money creation and control from central banks and Wall Street.

National Security Implications of Virtual Currency

National Security Implications of Virtual Currency

A VC, such as Bitcoin, is a digital representation of value that can be transferred, stored, or traded electronically and that is neither issued by a central …

National Security Implications of Virtual Currency

National Security Implications of Virtual Currency

by J Baron · 2015 · Cited by 52 — – The deployment of a VC by non-state actors would be easier, and indeed are most feasible today, when supported by a nation-state with advanced cyber expertise …

UN trade body calls for halting cryptocurrency rise … – UN News

UN trade body calls for halting cryptocurrency rise … – UN News

While cryptocurrencies can facilitate remittances, UNCTAD warned that they may also enable tax evasion and avoidance through illicit financial …

Cryptocurrency has an impact on economies. That's why some …

Cryptocurrency has an impact on economies. That's why some …

It says non-state-based currencies pose a threat to citizens’ well-being, through loss of investments as a result of market volatility, scams …

Why Governments Are Wary of Bitcoin – Investopedia

Why Governments Are Wary of Bitcoin – Investopedia

Among other things, Bitcoin enables the citizens of a country to undermine government authority by circumventing capital controls imposed by it. It also …