Cryptocurrencies and the State: Can They Become Disruptive Enough to Overthrow the Status-Quo?

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Published: Aug 31, 2022
DOI: https://doi.org/10.12681/jpentai.31234
Keywords:
Cryptocurrency State Digital Currency Regulation Money Blockchain Disruptive Technology
Erofili Smyrniotaki
Department of International and European Studies, University of Piraeus, Greece
Abstract

Cryptocurrencies have grown to be very significant during the past two decades. Starting off at the way cryptocurrencies, specifically Bitcoin, operate, we move forward towards the discussion on their nature as currency and their disruptiveness. We navigate through the political character of Bitcoin over the years, the potential of Bitcoin and other cryptocurrencies to threaten a state’s sovereignty and an overview of state responses to cryptocurrency. Finally, there is a number of speculations and suggestions on how Bitcoin could grow and gain a less controversial position in the global economy.

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