Home The challenge of the institutionalisation of cryptocurrencies

GEAB 127

The monthly bulletin of LEAP (European Laboratory of Political Anticipation) - 15 Sep 2018

The challenge of the institutionalisation of cryptocurrencies

While the wave of buzz and hype around cryptocurrencies, or virtual currencies, is running out of steam among people in general,[1] the movement that has emerged remains robust. The versatility of the technology, its deployment in a digital context which can quickly reach millions of people, its potentially anonymous character and the place it could take in the global financial system, cause people to dream or to tremble depending on the circumstances and the role that they have.

The dream, for many, is nourished by the fact that this network is full of innovation[2], promises of fluidification of society, disintermediation… It attracts a large number of investors from all directions; from financial institutions to individual citizens attracted by its potential uses and/or price volatility.

This technology promises a new world based on what we could call an augmented transaction; one which carries within itself the legal and contractual characteristics of a peer-to-peer transaction that relates to services or goods used or acquired in real life or the virtual world.[3]

Comments

To leave a comment sign up now
Contents

The multi-polarisation of the planet is currently going through a bipolarisation phase, something we anticipated in 2009, if Europe could not reposition itself intelligently, taking clear account of the great [...]

Europe’s out-of-time love for low-cost air carriers Europe is in love with low-cost air transport. Over the past few years the low-budget end of air transport has boomed, globally and [...]

- Paris: watch out! - Emerging countries: Taking the plunge in Yuan waters - Raw materials: Oops! - New finance: yours to experiment with Paris: watch out! Between ‘Grand Paris’, [...]

Related articles
GEAB
15 Sep 2024

European political community: Towards a Europe reconnected to the world

#EU #europe #geopolitics #governance

As the European Union struggles to adapt to the realities of a multipolar world, a new intergovernmental structure is emerging, the European Political Community (EPC). More agile and flexible, it [...]

GEAB
15 Sep 2024

Ukraine 2025: The Peace Deal that changes the world

#europe #geopolitics #PEACE #Russia #Ukraine

The year 2025 could mark a turning point with the signing of a peace deal between Russia and Ukraine. This event, driven by the BRICS+ and new international alliances, could [...]

GEAB
15 Sep 2024

The intolerable persistence of the EU’s economic and political crises

#crisis #economy #EU #euro #europe

The European Union is facing a series of economic and political crises that threaten to shatter its model. Between the rise of nationalism, economic weakness and the failure of monetary [...]