Research Article

UNDERSTANDING NATIONAL GOVERNMENTS’ DESIRE TO REGULATE CRYPTO CURRENCIES THROUGH PRE-WESTPHALIAN CONCEPTS OF SOVEREIGNTY

Number: 23 September 26, 2022
TR EN

UNDERSTANDING NATIONAL GOVERNMENTS’ DESIRE TO REGULATE CRYPTO CURRENCIES THROUGH PRE-WESTPHALIAN CONCEPTS OF SOVEREIGNTY

Abstract

Crypto currencies, electronic currencies and block chain financial technologies (Fintech), have been debated issues whereby national governments are trying to put certain regulation upon them, especially citing security concerns. Crypto currencies can be used for money laundering, untraceable transactions of criminal and terrorist organizations and thus constitute genuine security risks. To many evangelists of these new technologies, governmental desires to impose regulations is viewed negatively. However, although usage of these technologies will likely continue to expand in the global economy, there is a desire to put them under regulation by most of the major nation states. It is necessary to understand the essence of currency as a tool of national sovereignty long before the age of the Westphalian concept of the modern state system. The desire to regulate Fintech derives from a concept of sovereign power that goes back to biblical times and far beyond the Westphalian notion of the sovereign and independent modern nation state. That notion of sovereignty rests on the power to mint money. Furthermore, the concept of such a sovereign power is observed in Ancient Rome, Medieval Europe as well as the early Islamic understanding of sovereign power. Thus it is essential to understand globally how the symbol of money has been a sovereignty symbol before starting any discussions on national or international levels of regulations.

Keywords

References

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Details

Primary Language

English

Subjects

International Relations

Journal Section

Research Article

Publication Date

September 26, 2022

Submission Date

August 26, 2022

Acceptance Date

September 22, 2022

Published in Issue

Year 2022 Number: 23

APA
Diriöz, A. O. (2022). UNDERSTANDING NATIONAL GOVERNMENTS’ DESIRE TO REGULATE CRYPTO CURRENCIES THROUGH PRE-WESTPHALIAN CONCEPTS OF SOVEREIGNTY. Uluslararası Suçlar Ve Tarih, 23, 141-164. https://doi.org/10.54842/ustich.1167457
AMA
1.Diriöz AO. UNDERSTANDING NATIONAL GOVERNMENTS’ DESIRE TO REGULATE CRYPTO CURRENCIES THROUGH PRE-WESTPHALIAN CONCEPTS OF SOVEREIGNTY. UST / ICH. 2022;(23):141-164. doi:10.54842/ustich.1167457
Chicago
Diriöz, Ali Oğuz. 2022. “UNDERSTANDING NATIONAL GOVERNMENTS’ DESIRE TO REGULATE CRYPTO CURRENCIES THROUGH PRE-WESTPHALIAN CONCEPTS OF SOVEREIGNTY”. Uluslararası Suçlar Ve Tarih, nos. 23: 141-64. https://doi.org/10.54842/ustich.1167457.
EndNote
Diriöz AO (September 1, 2022) UNDERSTANDING NATIONAL GOVERNMENTS’ DESIRE TO REGULATE CRYPTO CURRENCIES THROUGH PRE-WESTPHALIAN CONCEPTS OF SOVEREIGNTY. Uluslararası Suçlar ve Tarih 23 141–164.
IEEE
[1]A. O. Diriöz, “UNDERSTANDING NATIONAL GOVERNMENTS’ DESIRE TO REGULATE CRYPTO CURRENCIES THROUGH PRE-WESTPHALIAN CONCEPTS OF SOVEREIGNTY”, UST / ICH, no. 23, pp. 141–164, Sept. 2022, doi: 10.54842/ustich.1167457.
ISNAD
Diriöz, Ali Oğuz. “UNDERSTANDING NATIONAL GOVERNMENTS’ DESIRE TO REGULATE CRYPTO CURRENCIES THROUGH PRE-WESTPHALIAN CONCEPTS OF SOVEREIGNTY”. Uluslararası Suçlar ve Tarih. 23 (September 1, 2022): 141-164. https://doi.org/10.54842/ustich.1167457.
JAMA
1.Diriöz AO. UNDERSTANDING NATIONAL GOVERNMENTS’ DESIRE TO REGULATE CRYPTO CURRENCIES THROUGH PRE-WESTPHALIAN CONCEPTS OF SOVEREIGNTY. UST / ICH. 2022;:141–164.
MLA
Diriöz, Ali Oğuz. “UNDERSTANDING NATIONAL GOVERNMENTS’ DESIRE TO REGULATE CRYPTO CURRENCIES THROUGH PRE-WESTPHALIAN CONCEPTS OF SOVEREIGNTY”. Uluslararası Suçlar Ve Tarih, no. 23, Sept. 2022, pp. 141-64, doi:10.54842/ustich.1167457.
Vancouver
1.Ali Oğuz Diriöz. UNDERSTANDING NATIONAL GOVERNMENTS’ DESIRE TO REGULATE CRYPTO CURRENCIES THROUGH PRE-WESTPHALIAN CONCEPTS OF SOVEREIGNTY. UST / ICH. 2022 Sep. 1;(23):141-64. doi:10.54842/ustich.1167457