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The security and financial implications of blockchain technologies

Regulating emerging technologies in Canada

Dados Bibliográficos

ID5135625
AutoresEvangeline Ducas (Carleton University), Alex S Wilner (0000-0003-2087-252X, Carleton University, autor correspondente), Alex Wilner
Ano2017
Volume72
Fascículo4
Páginas538-562
Data de publicação2017-12-01
Open AccessSim
TipoARTICLE
PeriódicoInternational Journal Canada s Journal of Global Policy Analysis (JOURNAL)
Identificadores do periódicoISSN: 0020-7020 • E-ISSN: 2052-465X
EditoraSAGE Publications Inc (PUBLISHER)
DOI10.1177/0020702017741909
OpenAlexW2774120971
IdiomaEN
Citações recebidas6

Driven by advances in data analytics, machine learning, and smart devices, financial technology is changing the way Canadians interact with the financial sector. The evolving landscape is further influenced by cryptocurrencies: non-fiat, decentralized digital payment systems, like Bitcoin, that operate outside the formal financial sector. While Bitcoin has garnered attention for facilitating criminal activity, including money laundering, terrorism financing, digital ransomware, weapons trafficking, and tax evasion, it is Bitcoin's underlying protocol, the blockchain, that represents an innovation capable of transforming financial services and challenging existing security, financial, and public safety regulations and policies. Canada's challenge is to find the right balance between oversight and innovation. Our paper examines these competing interests: we provide an overview of blockchain technologies, illustrate their potential in Canada and abroad, and examine the government's role in fostering innovation while concurrently bolstering regulations, maintaining public safety, and securing the integrity of financial systems

Blockchain · Business · Computer security · Cryptocurrency · Digital currency · Financial innovation · Financial regulation · Financial services · Financial transaction · Government (linguistics · Money Laundering · Payment · Political science · Terrorism · Blockchain Technology Applications and Security · Computer Science · Crime, Illicit Activities, and Governance · Finance · FinTech, Crowdfunding, Digital Finance

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Citações por ano1,2
Intervalo de citações2021 - 2025 (5)
Altamente citadoNão

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