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Cryptocurrencies

Funding: Das Land Steiermark

Funding Program: "Alt und Neu – Tradition und Avantgarde"

Funding Period: 1.1.2017 – 31.12.2017

Cryptocurrencies are digital means of payment and are emerging as "new" currencies alongside the "old" means of payment, cash. Bitcoin, the best-known decentralized cryptocurrency to date, has been increasingly establishing itself as a means of payment and speculative financial investment since 2009. Cryptocurrencies are socially challenging innovations in their own right.

The coexistence of traditional and modern (digital) means of payment leads to tensions. If decentrally organized cryptocurrencies start to be used like traditionally centrally organized money and displace cash in the medium or long term, this will transform the state. Individual freedoms and opportunities to have a say in society change, and proven means of the state to regulate prosperous social coexistence as well as to secure the financing of state tasks (especially social welfare) may become ineffective.

Legislation is inadequately prepared for these developments. This project aims to identify technologically indicated state transformations and to develop new regulatory models for this phenomenon.

Project Partners

Univ.-Prof. Dr. Tina Ehrke-Rabel, Department of Tax and Fiscal Law, University of Graz, Institut für Finanzrecht der Karl-Franzens-Universität Graz, Projektleiterin 

Univ.-Prof. Dr. Iris Eisenberger, M.Sc. (LSE), Institute of Law, University of Natural Resources and Life Sciences, Vienna

Univ.-Prof. Dr. Richard Sturn, Institute of Public Economics, University of Graz

Prof. Dr. Sebastian Pfotenhauer, S.M. (MIT), Munich Center for Technology in Society (MCTS) & TUM School of Management, Technical University of Munich

Contact

Department of Tax and Fiscal Law
Universitätsstraße 15/B2 8010 Graz
Phone:+43 (0)316 380 - 3430

Opening Hours:
Mon - Thu | 9 a.m. - 12 p.m.

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