Threats and Opportunities of Cryptocurrencies in Economic Security Islamic Republic of Iran

Document Type : Original Article

Authors

1 Senior Researcher, Independent Group on Defense Finance and Economics, National Defense University

2 Director of the Independent Group of Defense Finance and Economics, National Defense University

3 Senior Researcher , National Defense University

Abstract

The emergence of cryptocurrencies as one of the manifestations of the transformation in the digital economy has created opportunities and threats for the economic security of countries. The aim of this research is to identify and strategically analyze these opportunities and threats with an emphasis on formulating effective management policies for the Islamic Republic of Iran. This research is of an applied type and is based on a descriptive-analytical approach. Research data was collected in two stages: first, an initial list of factors was identified using the library method and upstream document analysis. Then, using semi-structured interviews with experts and a structured questionnaire based on the SWOT analysis framework, the necessary qualitative and quantitative data were extracted. Data analysis was carried out by calculating the weighted average of the experts' scores and prioritizing the factors. The findings showed that the development of modern financial markets was identified as the most prominent opportunity and the facilitation of money laundering was identified as the main threat. The controllability analysis of the factors indicated that by developing transparent laws, developing monitoring technologies, and strengthening formal cryptocurrency exchange platforms, it is possible to manage a large part of the identified risks. In order to achieve this goal, strategies such as developing a comprehensive legal framework, creating local exchanges under supervision, developing blockchain analysis tools, and improving public literacy towards new financial technologies were proposed. The research results can be used as a basis for policymaking in the field of economic security and governance of emerging technologies.

Files

Share

How to cite

Statistics