The big cryptocurrency global brands include Bitcoin, Litecoin, XRP, Dash, Lisk and Monero, but Bitcoin leads the pack in Africa. (...) Industry experts believe that cryptocurrency will be around for years. That Bitcoin users can send money to just about anywhere there is an internet connection for relatively small fees and with no third-party interference is an advantage that standard government-issued currencies cannot offer.
(...) Countries such as Bangladesh, Ecuador and Kyrgyzstan believe the risks outweigh the gains and have banned Bitcoin as well as initial coin offerings or ICOs, which are used by start-ups to evade the demand for capital by banks and other financing institutions.
Language:English
Score: 1916077
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https://www.un.org/africarenew...e-next-frontier-cryptocurrency
Data Source: un
HARNESSING BLOCKCHAIN FOR SUSTAINABLE DEVELOPMENT: PROSPECTS AND CHALLENGES
Similar moments
in past technological revolutions offered windows of opportunity for some developing
countries to catch up and for others to forge ahead. (...) Through initial coin offerings, a team of developers sells tokens to finance the
development of a solution. Usually, a share of the tokens is distributed to the development
team and initial investors. After the bitcoin price bust in 2017, initial coin offerings were
scrutinized by regulators in the United States of America, and some of the initial coin
offerings were considered to breach securities regulations.21
23.
Language:English
Score: 1845106.2
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https://daccess-ods.un.org/acc...?open&DS=E/CN.16/2021/3&Lang=E
Data Source: ods
How is Blockchain Related to Bitcoin?
Bitcoin was the first application of blockchain technology, thus people often
inadvertently used “Bitcoin” to mean blockchain. (...) (iv) Electronic Voting
Blockchain technology can offer a more bottom-up and participatory social
structure by providing a cost effective and secure e-voting system.
(...) (ii) Identity over Anonymity
Bitcoin thrives due to anonymity. Anyone can look at the Bitcoin ledger and see
every transaction that happened, but the account information is a meaningless
sequence of numbers.
Language:English
Score: 1757047.3
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https://www.un.org/esa/ffd/wp-...17/10/15STM_Blockchain-101.pdf
Data Source: un
Several businesses around the world present
accept Bitcoins as a means of final payment.
Over the last 4 years the US dollar price of Bitcoin has grown exponentially. (...) Plassaras (2013) therefore argues
that the Fund could either attempt to excise indirect control of the currency or it could
offer the digital currency quasi-membership status. (...) The cryptographic
algorithm that governs the production of new Bitcoin for sale becomes more difficult to
solve every time a new Bitcoin is produced.
Language:English
Score: 1701516.4
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https://www.cepal.org/sites/de...yptocurrencies_be_included.pdf
Data Source: un
THE RECORDING OF CRYPTO ASSETS IN THE SYSTEM OF NATIONAL ACCOUNTS – AN UPDATE
The term Bitcoin-
like crypto assets (BLCAs) is also sometimes used to label the latter types of crypto assets6.
(...) They are usually issued via initial coin offerings (ICOs) or security token
offering (STO)8. (...) The term ‘altcoin’ does
not seem to work either, as it is referring to all cryptocurrencies ‘alternative to bitcoin’ and therefore
would exclude the Bitcoin.
Language:English
Score: 1681358.4
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https://daccess-ods.un.org/acc...DS=ECE/CES/GE.20/2020/5&Lang=E
Data Source: ods
First, an appropriately designed,
blockchain-based settlement network would offer tools to improve surveillance of transactions. (...) Second, a blockchain-based network would offer
Caribbean banks the opportunity to bypass correspondent banks altogether. (...) Thus, the primary use of
Bitcoin today is as a speculative asset.
Newer “alt-coin” currencies have offered different variations on blockchain-based
transactions, but have been challenged to gain acceptance in the marketplace and many tend to be
thinly traded.
Language:English
Score: 1653804.3
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https://www.cepal.org/sites/de...ased_settlement_frameworks.pdf
Data Source: un
But blockchains do present some opportunities…
Blockchains can be used to…
• Make monitoring easier A blockchain-based settlement network can offer tools to improve surveillance of transactions, which would enable better detection of illicit financial transfers and thereby decrease risk and associated compliance costs.
• Cut out the middleman A blockchain-based network may eventually offer Caribbean banks the opportunity to bypass correspondent banks altogether.
Blockchain-based options for bank clearance and settlement
1) The Open Model Use Bitcoin or another commodity-like digital currency – either directly, or by building on top of their public blockchain
2) The Permissioned Model
Use blockchains operated by a restricted consortium of banks and other institutions
3) The Centralized Model
Central Bank-issued Digital Currencies (CBDCs)
Open blockchains
• Bitcoin, Ethereum, DASH…… this is where innovation comes from.
• But its also the Wild West.
• Pseudonymous ≠ Private
Permissioned blockchains • Restricted to a limited set of participating
institutions – So how is governance to be managed?
Language:English
Score: 1639301.2
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https://www.cepal.org/sites/de...frameworks-robert_williams.pdf
Data Source: un
The consultant, in offering his professional opinion, suggested that this rejection was overly broad, and might have been made in haste. (...) The consultant described this as a case where, possibly due to a lack of
awareness of the technology, popular sentiment turned against the idea of accepting a widespread distribution of small amounts of free Bitcoin to everyone in the country. The organizers of the event had
come into Dominica without an understanding of the landscape or a sense of how their service offering
would be viewed, and they experienced pushback from the population. (...) They opened a period for comments and
after significant issues were raised, they offered a 2.0 version of the BitLicense proposal.
Language:English
Score: 1625430.5
-
https://www.cepal.org/sites/de...eting_report_12_march_2015.pdf
Data Source: un
The consultant, in offering his professional opinion, suggested that this rejection was overly broad, and might have been made in haste. (...) The consultant described this as a case where, possibly due to a lack of
awareness of the technology, popular sentiment turned against the idea of accepting a widespread distribution of small amounts of free Bitcoin to everyone in the country. The organizers of the event had
come into Dominica without an understanding of the landscape or a sense of how their service offering
would be viewed, and they experienced pushback from the population. (...) They opened a period for comments and
after significant issues were raised, they offered a 2.0 version of the BitLicense proposal.
Language:English
Score: 1625430.5
-
https://www.cepal.org/sites/de...iles/events/files/lcarl461.pdf
Data Source: un
Crypto token launches in Miami to generate city revenue - ITU Hub
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(...) Muneeb Ali, Founder of the Stacks protocol, said: “Cities can embrace Bitcoin and crypto faster than nations – big cities with billion-dollar budgets can start to operate more like the private sector by diversifying their cash balances into Bitcoin. (...) You’ll notice some changes… We have moved ITU News, ITU Members’ zone, Join ITU and Publications to a new online home that offers an improved experience for our growing community.
Language:English
Score: 1612187.3
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https://www.itu.int/hub/2021/0...iami-to-generate-city-revenue/
Data Source: un
