Financial governance of cryptocurrencies in Africa
DOI:
https://doi.org/10.59051/joaf.v14i1.596Keywords:
Fintechs - Financial governance - Cryptocurrencies - Game theory - AfricaAbstract
Purpose : Show to what extent the tax can constitute an instrument of control of cryptocurrencies available to monetary and financial authorities.
Methodology : Based on a theoretical model that takes up the functioning of an implicit contract (Milgrom, 1997), the methodology of this article consisted in resolving a governance game between financial authorities and cryptocurrency platforms.
Results : A monetary levy at the time of the conversion of cryptocurrencies into legal currencies constitutes a means for central banks to effectively control cryptocurrencies, in particular due to the refusal of cryptocurrency platforms to share information relating to transactions carried out. In addition, coordination of public, financial and banking authorities is essential to reduce illicit transactions and secure exchanges.
Originality : Its lies in the methodological approach adopted. Indeed, the use of theoretical modeling of the governance game is a new approach that has so far been little adopted in work relating to the analysis of the financial governance of cryptocurrencies.
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