
There is a limited but growing number of political science and other articles about global governance, international financial institutions, cryptocurrencies, blockchain and decentralizing behaviors. Here, you can read about 3 examples.
Towne Morton writes in The Future of Cryptocurrency: An Unregulated Instrument in an Increasingly Regulated Global Economy that international organizations and governing bodies have taken quite drastic and differing approaches to cryptocurrencies regarding topics as jurisdiction and fraud, and that international organizations must ask if multinational policies are beneficial to world markets while trying to carefully balance issues of national capital control and the perceived downsides to cryptocurrency such as money laundering and usage by terrorist organizations. Morton also writes about blockchain, data protection, and privacy in relation to regulations, such as the EU:s General Data Protection Regulation (GDPR) and regarding markets, systems and data transactions between countries. According to Morton, an international agreement on blockchain principles would allow for uniformity across jurisdictions and require countries to adhere to the newly created international regulatory norms since an international agreement would establish common standards while allowing each signatory to impose additional regulations as desired.
Georgios Dimitropoulos writes in "The use of blockchain by international organizations: effectiveness and legitimacy about blockchain, international organizations and law" that international organizations are pioneering the use of blockchain to pursue their goals and policies which is a process that increases their effectiveness and at the same time disturbs the traditional structure of the international legal order. Dimitropoulos's research focuses much on aspects of legitimacy and the individual in relation to international law. He argues that since the current international legal order is based on a dichotomy between the domestic and the international legislation, the status of the individual in traditional international law means that the use of blockchain to reach out to individuals around the world, and thus potentially by-pass the regular channels of international law, makes the legitimacy of the use of blockchain by international organizations questionable.
Garry Jacobs writes in Cryptocurrencies & the Challenge of Global Governance that cryptocurrencies present both solutions and challenges partly since they liberate the creation of money and regulation of economic activities from the political control of national governments and central banks. According to Jacobs, basket of cryptocurrencies could emerge as the first prototype of a world currency whose value is backed by the total productive capacity of the entire human community. When it comes to global governance and international institutions, Jacbos argues that cryptocurrencies can dramatically reduce the control and effectiveness of existing regulatory mechanisms at the national level and generate considerable pressure for the evolution of more effective institutions for global governance but also that this development could provide compelling incentives for national governments to enhance international cooperation and strengthen the functioning of international institutions to fill the regulatory void.
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