Student Project &
Research Symposium

Oral
Presentation

Student Project &
Research Symposium

Poster
Presentation

Student Project &
Research Symposium

Performance

Student Project &
Research Symposium

Exhibition

College Center Ballroom
Comparison of Regimes' Stance on Cryptocurrency
Avery Sands
Date:
April 22nd, 2022
Division:
Social and Behavioral Sciences
Department:
Political Geography, Political Science
Mentor:
Irene Naesse and Jason G. Ball
Mentor's e-mail:
inaesse@gmail.com
Author's e-mail:
avsands1225@gmail.com
Presentation Slides
Abstract:

While many people struggle to define cryptocurrency, regimes worldwide are imagining the possibility of a world with less centralized control over financial transactions. There are limited studies covering a global comparison of regimes acceptance or disapproval of cryptocurrency policies; instead, they focus on individual countries, regional attitudes, or a specific personal interest. Additionally, studies published a few years ago often have a decreased relevancy due to changed information. I propose conducting a case study with seven countries with significant geopolitical roles within their regions and the international community: China, El Salvador, Nigeria, Switzerland, United Arab Emirates, and Ukraine. This study aims to assess the underlining pressures, strategies, and objectives that motivated these countries to their actions, which in turn can better predict and understand other countries future policies on cryptocurrency. It is not concerned with the technological aspects of blockchain technology or digital currency, only the decentralized peer transaction platforms. It is also important to remember the distinction between recognizing cryptocurrencies beyond digital assets and specific attitudes towards a particular type of coin. The most prevalent determining factors in a governments decision are if there is: a credible threat in allowing the population access to an uncontrolled transparent monetary transactional network to the legitimacy of a regime, a regime benefit to black market transactions, and a desire to undermine the United States global financial control. If determined to be beneficial to the continual dominance, a legislative body takes steps to make cryptocurrency more relevant to businesses rather than individual users.

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