- Jul 2022
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The landmark law, known as Markets in Crypto-Assets, or MiCA, is designed to make life tougher for numerous players in the crypto market, including exchanges and issuers of so-called stablecoins, tokens that are meant to be pegged to existing assets like the U.S. dollar.
EU is starting new regulation MiCA (Market in Crypto-Assets) law.
||ArvinKamberi||
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- May 2022
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||ArvinKamberi|| Bitcoin as currency in the Central African Republic
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- Apr 2022
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curator.diplomacy.edu curator.diplomacy.edu
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Physical cash typically satisfies three functions of money: it is a unit of account, a means of exchange and a store of value
Three functions of money.
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- Mar 2022
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www.blackrock.com www.blackrock.com
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CEO of Black Rock, one of the biggest global investment fund, declared the end of globalisation we know as an impact of the Ukraine war.
On 24 March, Larry Fink wrote in his letter
'companies and governments will also be looking more broadly at their dependencies on other nations. This may lead companies to onshore or nearshore more of their operations, resulting in a faster pull back from some countries.'
He said that
“Mexico, Brazil, the United States, or manufacturing hubs in Southeast Asia could stand to benefit”
Black Rock will be focusing on digital currencies in the rapidly changing global economic environment.
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- Feb 2022
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curator.diplomacy.edu curator.diplomacy.edu
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||ArvinKamberi||||Pavlina||n Some interesting dynamics in the USA to follow
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curator.diplomacy.edu curator.diplomacy.edu
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||minam|| ||AndrijanaG|| Mina, please remove Libra and Diem from actors in our actor list.
||ArvinKamberi||
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This article provides a good survey of the failure of Facebook's 'monetary' experiments starting with Libra and followed by Diem.
Facebook dropped the 'digital currency' project. Probably, they thought that this part of 'regulatory battle' could weaken them in other 'battles' around anti-trust, data, consumer protection.
In particular, it could weaken their chances for the success of Metaverse project which is Facebook's ultimate battle for survival.
Libra development was historical moment in Internet governance and digital policy since it was the first major occasion when tech platforms were not allowed to use 'ex post' approach (develop and regulate later on). This time regulators stopped them 'ex ante'.
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“I see this as the most pivotal battle in the crypto space over the next few years, stablecoins versus central bank-created digital currencies,”
||ArvinKamberi|| this is key battle to follow.
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Unlike cryptocurrencies such as bitcoin, the value of which is not tied to anything external, stablecoins are pegged to major currencies already in circulation, which is why proponents say they are more stable.
I thought that it was enough for survival of this initiative since it could have solved 'monetary challenge'. But, they antagonised too many people to manage to succede.
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Regulators came away from an initial meeting with Facebook stunned that the company wasn’t more prepared to address concerns about money laundering, consumer protection and other potential financial risks
Nobody mentiones potential risks for monetary policy of Central Banks which was, in my view, the main issue with Libra. Other issues could have been resolved easier.
There was also 'regulatory arrogance' of Facebook which used to think of regulation post factum as afterthought. This time, it was different when they tried to challenge global financial system.
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curator.diplomacy.edu curator.diplomacy.edu
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Cryptocurrencies and decentralised economy can have unintended consequences for those who have promoted them.
||ArvinKamberi||
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- Jan 2022
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curator.diplomacy.edu curator.diplomacy.edu
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Cryptocurrencies are developing slowly in Africa. Nigerian ban on cryptocurrencies raised a lot of attention. One area where cryptocurrencies may play an important role is transfer of remittances of a hug African diaspora transferring USD 42 billion annually. However, given volatility of cybercurrencies this posses the major risk.
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With Nigeria’s crypto ban dominating headlines throughout 2021,
||ArvinKamberi|| Is there any website which follows current situaton with banning/using cryptocurrency?
How up-to-date is this map https://dig.watch/cryptocurrency-and-crypto-assets-mapping-regulation/
Do we update it regularly?
||sorina||||Jovan||
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This is serious analysis of consuption of electrical energy for bitcoin mining. ||ArvinKamberi|| Can we enrich our DW cryptocurrency page with some information frm this website
We should also use it for our pages on enviornment and digitalisation.
||JovanK||
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curator.diplomacy.edu curator.diplomacy.edu
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Boosters touted digital currencies as a world-changing technology with the potential to create new economies and empower unbanked populations everywhere. Critics pointed to crypto's massive environmental footprint, as well as its popularity in online crime. The chasm between these views will be hard to bridge.
Cryptocurrency will develop around two narratives. Blue sky will focus on new opporutunities, new economy, and financial inclusion. The opposite narrative will focus on misuse by criminals and envioronmental footprint created by mining cryptocurrency.
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- Dec 2021
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curator.diplomacy.edu curator.diplomacy.edu
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As the boundary between financial firms and tech companies blurs further, and the value of amassing customer data increases, protecting privacy and security will be paramount.
Privacy protection is gaining new relevance. ||Jovan||
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“decentralised-finance” (DeFi) applications
||ArvinKamberi|| new concept
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curator.diplomacy.edu curator.diplomacy.edu
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a three-way fight for the future of finance—between the crypto-blockchain-DeFi crowd, more traditional technology firms and central banks—that will intensify in 2022.
||ArvinKamberi|| Could we update our cryptocurrency page and focus on these 3 trends
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- Sep 2021
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estatements.unmeetings.org estatements.unmeetings.org
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Some other components are ICTisation of schools,Integrated Taxation System, and electronic Patient Information management.On the other hand, our Central Bank is also piloting a project on digital Ngultrum, Bhutan’s currency, using block chain technology. This is to adapt with the overall ICT transformation and harness technology for a 21st century Bhutan.
digitalised taxation system, use of ICTs in schools, digital currency using blockchain
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