More than 40 percent of the world’s population has access to the internet, with new users coming online every day. Among the poorest 20 percent of households, nearly 7 out of 10 have a mobile phone. ...This report finds that traditional development challenges are preventing the digital revolution from fulfilling its transformative potential. For many people, today’s increase in access to digital technologies brings more choice and greater convenience. While this is great progress, many are still left out because they do not have access to digital technologies. To deliver universal digital access, one must invest in infrastructure and pursue reforms that bring greater competition to telecommunications markets, promote public-private partnerships, and yield effective regulation. The report concludes that the full benefits of the information and communications transformation will not be realized unless countries continue to improve their business climate, invest in people’s education and health, and promote good governance. The World Bank Group are already working with clients to promote competitive business environments, increase accountability, and upgrade education and skills-development systems to prepare people for the jobs of the future.
The convergence of Algorithms, Blockchain and Cryptocurrency (ABC) has the potential to fundamentally disrupt the current world of work. This book investigates the effects of this on the worker, the ...organisation and the economy, by considering a future where the traditional power relationships between workers and firms no longer apply.
The advent of new digital currencies has challenged our notions about money, its function and purpose, and our faith in the financial and banking structures that underpin its legitimacy. Oonagh ...McDonald charts the spectacular rise of cryptocurrencies over the past decade and considers the opportunities and threats that cryptocurrencies pose to existing fiat currencies. This revised edition includes a new chapter dealing with the high-profile bankruptcies of the recent 'crypto winter'.
The book considers how regulatory bodies have been slow to respond to a technology that is evading existing regulatory frameworks. Urgent and more robust protection is needed from fraudulent initial coin offerings, scams and hacks. Throughout her analysis, McDonald shows that trust is fundamental to the operation of finance and that this will ultimately protect commercial bank money from the threat of new digital currencies. The book offers readers an insightful appraisal of the future of money and the challenges facing regulatory bodies.
Money, Power, and AI Bednarz, Zofia (University of Sydney); Zalnieriute, Monika (University of New South Wales, Sydney)
11/2023
eBook
Open access
In this ambitious collection, Zofia Bednarz and Monika Zalnieriute bring together leading experts to shed light on how artificial intelligence (AI) and automated decision-making (ADM) create new ...sources of profits and power for financial firms and governments. Chapter authors—which include public and private lawyers, social scientists, and public officials working on various aspects of AI and automation across jurisdictions—identify mechanisms, motivations, and actors behind technology used by Automated Banks and Automated States, and argue for new rules, frameworks, and approaches to prevent harms that result from the increasingly common deployment of AI and ADM tools. Responding to the opacity of financial firms and governments enabled by AI, Money, Power and AI advances the debate on scrutiny of power and accountability of actors who use this technology. This title is available as Open Access on Cambridge Core.
Cryptocurrency and criminality Brown, Steven David
Police journal (Chichester),
12/2016, Volume:
89, Issue:
4
Journal Article
Peer reviewed
Bitcoin has become the currency of choice for cybercriminals. Its distinctive characteristics of decentralisation and pseudo-anonymity are also attractive to criminal actors in general, and yet ...Bitcoin has been assessed as representing only a low money laundering risk. In many respects, cryptocurrencies are still viewed as an unfamiliar, marginal phenomenon restricted to the purview of specialists. This article seeks: to demystify the Bitcoin concept; to demonstrate that, far from being low-risk, Bitcoin constitutes a substantial danger in terms of criminal enterprise; and to promote the case for greater awareness among criminal justice professionals and law enforcement officers in particular.
Presenting a thorough overview and analysis of the security and privacy provisions of Bitcoin and its underlying blockchain clients, this thorough resource offers concrete solutions and ...recommendations on the best practices to use when relying o
Handbook of Blockchain, Digital Finance, and Inclusion, Volume 1: Cryptocurrency, FinTech, InsurTech, and Regulation explores recent advances in digital banking and cryptocurrency, emphasizing mobile ...technology and evolving uses of cryptocurrencies as financial assets. Contributors go beyond summaries of standard models to describe new banking business models that will be sustainable and will likely dictate the future of finance. The volume not only emphasizes the financial opportunities made possible by digital banking, such as financial inclusion and impact investing, but it also looks at engineering theories and developments that encourage innovation. Its ability to illuminate present potential and future possibilities make it a unique contribution to the literature. * Explores recent advances in digital banking and cryptocurrency, emphasizing mobile technology and evolving uses of cryptocurrencies as financial assets * Explains the practical consequences of both technologies and economics to readers who want to learn about subjects related to their specialties * Encompasses alternative finance, financial inclusion, impact investing, decentralized consensus ledger and applied cryptography * Provides the only advanced methodical summary of these subjects available today
Decentralized finance (DeFi) is a form of finance without central financial intermediaries. This handbook explores the interplay of behavioral finance and public policy in the emerging field of ...decentralized finance. The work explaines the underlying mechanisms in a nutshell from a social science, economics and legal perspective investigates DeFi's potential impact on financial systems and the risks involved, including smart contract vulnerabilities and trust mechanisms. provides insights into financial decision-making processes in DeFi offers suggestions to enhance regulatory frameworks.
This volume brings scholars of anthropology, economics, Science and Technology Studies, and sociology together with global political economy scholars in assessing the actual implications posed by ...Bitcoin and blockchains for contemporary global governance. Its interdisciplinary contributions provide academics, policymakers, industry practitioners and the general public with more nuanced understandings of technological change in the changing character of governance within and across the borders of nation-states.
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