TRENDS Research & Advisory has released the eighth issue of its “Economic Trends” series, entitled “Cryptocurrency Security: A Study of Risks, Impacts, and Lessons Learned from the Gulf Experience,” to shed light on cryptocurrencies, which are among the most prominent challenges and opportunities facing the global economy.
The study, prepared by the Emirati researcher specializing in contemporary security issues, Dr. Issa Younis Al Balushi, reviews the impact of cryptocurrencies on the global financial system, with a special focus on the security challenges and regulatory policies in the Gulf Cooperation Council countries and countries with emerging economies.
The study discusses a wide range of issues related to cryptocurrencies, including cryptocurrency-related crimes, exploring mechanisms for dealing with these crimes, how to protect financial systems from exploitation, and regulatory policies, as it analyzed the impact of different policies on users, whether individuals or decision-makers at the national level.
The study also discussed the impact of cryptocurrencies on users in terms of the benefits and risks that users are exposed to as a result of their use of cryptocurrencies, and touched on the future of digital currencies, exploring the role of digital currencies issued by central banks and their effects on the global economy.
The study results showed that cryptocurrencies offer an innovative alternative to traditional payment methods, but they come with significant regulatory and security challenges. The study stresses the urgent need to enhance international cooperation to address these growing challenges, and emphasizes the importance of developing legislation that protects user rights and ensures the stability of the financial system.