IDEAS home Printed from https://ideas.repec.org/a/jaf/journl/v14y2023i1n596.html
   My bibliography  Save this article

Financial governance of cryptocurrencies in Africa

Author

Listed:
  • Emmanuel BANKOLE

Abstract

Purpose : Show to what extent the tax can constitute an instrument of control of cryptocurrencies available to monetary and financial authorities. \n 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. \n 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. \n 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.

Suggested Citation

  • Emmanuel BANKOLE, 2023. "Financial governance of cryptocurrencies in Africa," Journal of Academic Finance, RED research unit, university of Gabes, Tunisia, vol. 14(1), pages 83-98, June.
    • Handle: RePEc:jaf:journl:v:14:y:2023:i:1:n:596
    as

    Download full text from publisher

    File URL: https://www.scientific-society.com/AF/article/view/596
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • N8 - Economic History - - Micro-Business History
    • G3 - Financial Economics - - Corporate Finance and Governance

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jaf:journl:v:14:y:2023:i:1:n:596. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oussama Quentin Kasseh (email available below). General contact details of provider: https://edirc.repec.org/data/urredtn.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.