Cryptocurrencies, once obscure and primarily associated with financing illegal activities, have become mainstream. Cryptocurrencies are a type of virtual currency that uses cryptographic algorithms to validate and secure transactions. The transactions are digitally recorded on a distributed ledger, such as a blockchain. As more and more people invest in and trade cryptocurrencies, governments around the …
Technology and digitalization are changing the way we pay. The COVID-19 pandemic has only accelerated the trend away from cash to digital payments. Cryptocurrencies, such as Bitcoin, are experiencing an all-time high. Central banks are taking note. On October 20, 2020, the Central Bank of The Bahamas launched the first worldwide retail central bank digital …
The following is a guest post by Viktoria Simone Fritz, a foreign law intern working with Foreign Law Specialist Jenny Gesley at the Global Legal Research Directorate of the Law Library of Congress. Wouldn’t it be great to just put all documents submitted and produced in a specific legal dispute into a machine, wait a few seconds – or let’s …