Fiscal Experiences with Bitcoin: Bulgarian Case Study

Discussion Paper Series: Notes on the 21st Century

8 Pages Posted: 19 Dec 2017

See all articles by Usman W. Chohan

Usman W. Chohan

UNSW Business School; Critical Blockchain Research Initiative (CBRI); Centre for Aerospace & Security Studies (CASS)

Date Written: December 11, 2017

Abstract

The focus of economists in Bitcoin and other cryptocurrencies has been on its monetary aspects, particularly its deflationary nature, its fungibility, and its disruption of modern monetary mechanisms. This discussion paper draws the focus away from monetary discourses towards fiscal ones, drawing on the case study of Bulgaria and the confiscation of Bitcoins of a magnitude as to pay off a substantial component of its fiscal burden. The paper thereby raises questions about the role that cryptocurrencies may play, tangentially if not directly, in fiscal policy considerations.

Keywords: Bitcoin, Cryptocurrency, Money-Laundering, Fiscal Policy, Investment, Bulgaria

Suggested Citation

Chohan, Usman W., Fiscal Experiences with Bitcoin: Bulgarian Case Study (December 11, 2017). Discussion Paper Series: Notes on the 21st Century. Available at SSRN: https://ssrn.com/abstract=3087749 or http://dx.doi.org/10.2139/ssrn.3087749

Usman W. Chohan (Contact Author)

UNSW Business School ( email )

UNSW Business School
High St
Sydney, NSW 2052
Australia

Critical Blockchain Research Initiative (CBRI) ( email )

Centre for Aerospace & Security Studies (CASS) ( email )

Rawalpindi
Pakistan

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