Swift Institute: Problems And Progress Regulating Cryptocurrencies
As cryptocurrencies have expanded as a medium of exchange, governments worldwide have struggled with how best to regulate them. While one of the draws of cryptocurrencies is that they are less regulated than traditional currencies, problems associated with these currencies (such as financial crimes and terrorist financing) have encouraged governments to develop regulations. A recent report by the SWIFT Institute summarizes regulatory initiatives to date and identifies some of the problems that governments encounter in attempting to regulate cryptocurrencies. The 77-page paper, titled "The....
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The SWIFT Institute has announced it is launching a new research programme on digital currencies, with a €15,000 grant on offer for the author of the winning proposal. The institute is looking for research on recent developments in digital currencies and cryptocurrencies, but places an emphasis on bitcoin, which it describes as “arguably the most popular” digital currency. “With bitcoin’s increasing usage, virtual currencies are becoming more of a reality. There are bitcoin ATMs in more than 10 countries worldwide, and the currency is increasingly accepted by mainstream retailers,” the....
The SWIFT Institute is offering research teams €15,000 to investigate how bitcoin's underlying distributed ledger technology could impact the global securities ecosystem. The institute is a financial services research group backed by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), which provides a network for global financial institutions to send and receive information about financial transactions. The grant follows the SWIFT Institute's call for information on the risks associated with bitcoin as a digital currency in 2014 and comes amid a broader shift in....
It seems that regulating Bitcoin has become an ‘arduous’ task, that is true at least according to a report published by the private intelligence company Stratfor. Stratfor is a company who provide geopolitical intelligence to individuals as well as organisations across the world. Stratfor’s publication is called ‘The Arduous Task of Regulating Bitcoin’ and is available for download here. They forecast that the regulatory uncertainty will continue to act as a deterrent in the wider adoption of cryptocurrencies. Why Cryptocurrencies will not become a dominant force. In its analysis of the....
The Swift Institute has announced a €15,000 reward for the researcher who brings the best proposal on the blockchain technology’s use in securities markets. The announcement came in a document, titled “Call for Proposals”, where the institute asked researchers to provide their thesis on blockchain’s practical applicability in enterprise-level financial needs. It first recognized the technology for being popular enough to be experimented by financial institutions like Nasdaq, UBS and NYSE; but overall remained suspicious on its ability to handle higher transactions at a particular point of....
The global financial industry continues to study the block chain with increasing vigor. The SWIFT Institute, a La Hulpe, Belgium-based financial research organization, is seeking proposals for a pair of research grants on block chain capabilities. Each 15,000 EUR grant is for block chain research, one in securities and the other in intraday liquidity. Proposals must be submitted by Aug. 7. In each case, the institute will pay half of the 15,000 euros immediately and the balance on acceptance of a working paper. The institute will publish each working paper to the global financial industry....