cover image: Conference Report — Special Session Held in Place of the Financial Regulatory Outlook Conference, October 6, 2021 - Blockchain Technology and

20.500.12592/gnkrb9

Conference Report — Special Session Held in Place of the Financial Regulatory Outlook Conference, October 6, 2021 - Blockchain Technology and

6 Apr 2022

professor of economics and dean of the Faculty of Economics at the University of Rome Tor Vergata, president of the Italian National School of Public Administration and member of the Board of Directors of the International Labour Office for the Italian government. [...] The new block is then added to the front of the chain, which provides a permanent, Tool: Background immutable and transparent record of the transaction that all other network members can see and autonomously verify: any attempt to modify In recent years, we have seen the development the order will cause a break of codes, voiding such of a new technology (blockchain) enabling a new a transaction. [...] After the “validation,” the transaction means of payment and exchange in the form is complete and the goods move from A to B, or, of “virtual” currencies, which are not regulated in case of a cryptocurrency, the “credit” moves or issued by any central bank — so-called from A to B in exchange for goods or services. [...] Further, with unregulated parties, legal controls and can rely on all the protections there is a degree of uncertainty about the legal title provided by the authorities, in the case of and ground for disputes, and, in case of default, cryptocurrencies, the lack of a central regulator no type of insurance is applicable and none of the (a central bank) prevents owners from having the normal safety n. [...] Also, a clear In general, the continuing rise of digital assets and definition of limits in responsibility and compliance crypto-assets to a primary role in the international and the introduction of some ways to comply financial markets will pose problems for both with AML/KYC issues could be a relevant part domestic and international regulation, as well of any new regulatory framework.
Pages
12
Published in
Canada