CRYPTOCURRENCIES: FROM A FACILITATOR FOR CRIMINALS TO A LEGITIMATE FINANCIAL TOOL
Sovereign states traditionally impose strict regulations on financial and capital markets, which gave regulators a sense of control. However, the emergence of cryptocurrencies has challenged this notion. For many governments, cryptocurrencies represented a true “vulnerability” since they operate in a decentralized manner without the need for state intermediaries. Blockchain technology, which underpins cryptocurrencies, allows people …
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