Bitcoin may create serious global economic risks
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In this article
- Bitcoin advantages
- Anonymity
- Universal and 'borderless' nature
- Low transaction costs
- Bitcoin barriers
- Price volatility
- Inconvenience
- Minority status
- Virtual 'wallets'
- To ban or to regulate?
- Bitcoin bans
- Regulation preferred?
- Negative indirect effects
- Tax erosion
- Monetary policy weakness
- Interfere with monetary policy
- Decrease seigniorage revenue
- Trigger financial instability
- Vast potential, but innovation required
What is this?
This article is from the Oxford Analytica Daily Brief, which analyses geopolitical, economic, social, business and industrial developments on a global and regional basis, providing clients with timely, authoritative analysis every business day of the year. Find out more about the Oxford Analytica Daily Brief, or request a trial.
_350.jpg "A Bitcoin sign in Toronto (Reuters/Mark Blinch)")