State-Sponsored Cryptocurrencies: The Diverse Motivations

Discussion Paper Series: Notes on the 21st Century, 2020

13 Pages Posted: 19 Mar 2020

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: February 23, 2020

Abstract

In addition to the traditional money supply, an increasing number of sovereign governments have begun to stress their commitment to launching cryptocurrencies as digital monetary instruments with a degree of substitutability with extant legal tender. The question that evidently arises is why sovereign countries would engage in such initiatives at this juncture. This paper addresses this question by offering a set of rationales for the undertaking of state-sponsored cryptocurrencies, and thereby contributes to the understanding of monetary public administration in the digital age.

Keywords: Cryptocurrency, Blockchain, Bitcoin, IT, Surveillance, Government

Suggested Citation

Chohan, Usman W., State-Sponsored Cryptocurrencies: The Diverse Motivations (February 23, 2020). Discussion Paper Series: Notes on the 21st Century, 2020. Available at SSRN: https://ssrn.com/abstract=3543085 or http://dx.doi.org/10.2139/ssrn.3543085

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 )

Islamabad
Pakistan

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