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Blockchain and Cryptocurrency: Development Without Regulation?

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Impact of Artificial Intelligence, and the Fourth Industrial Revolution on Business Success (ICBT 2021)

Part of the book series: Lecture Notes in Networks and Systems ((LNNS,volume 485))

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Abstract

Blockchain is a technology based on a chain of interconnected blocks containing transaction history and user data. Blockchain permitted the creation of crypto-currency. Among its advantages: decentralization, transparency, and integrity. This technology has increased especially with the advent of covid19 with the accentuation of the wave of digitalization. Classic finance systems felt overwhelmed by events and tried to catch up with this new wave, by creating their crypto-currency, and embarking on this new world of digital finance where regulation and control are non-existent. Many central banks see the introduction of central bank digital currencies (MDBC) as a response to these challenges. But the phenomenal expansion of these crypto-currencies could present risks in terms of transmission of monetary policy, monetary creation, and financial stability. In this work, we will present the blockchain, the evolution of crypto-currency, and the reaction classic finance systems to this wave of digitalization of transactions, and especially to an absence of regulation.

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Authors and Affiliations

  1. Kairouan University, Kairouan, Tunisia

    Mohamed Bechir Chenguel

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  1. Mohamed Bechir Chenguel
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Editors and Affiliations

  1. Northern Cyprus Campus, Middle East Technical University, via Mersin 10, Turkey

    Bahaaeddin Alareeni

  2. College of Business of Finance, Ahlia University, Manama, Bahrain

    Allam Hamdan

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Chenguel, M.B. (2023). Blockchain and Cryptocurrency: Development Without Regulation?. In: Alareeni, B., Hamdan, A. (eds) Impact of Artificial Intelligence, and the Fourth Industrial Revolution on Business Success. ICBT 2021. Lecture Notes in Networks and Systems, vol 485. Springer, Cham. https://doi.org/10.1007/978-3-031-08093-7_44

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  • DOI: https://doi.org/10.1007/978-3-031-08093-7_44

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-031-08092-0

  • Online ISBN: 978-3-031-08093-7

  • eBook Packages: EngineeringEngineering (R0)

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