A nudge in the right direction From preventing simple traffic violations to curbing rampant corruption, ensuring compliance with the rule of law in Lebanon is a serious challenge for policymakers. Heavy-handed controls often do not work, as they rely on individuals making rational decisions, and financial incentives are not sustainable in the long-run. What else can the government do to improve…… Read More
Legal aspects of digital currencies In the virtual Wild West of the digital economy created by the internet revolution, the emergence realm of cryptocurrency represents an important legal frontier. The rise of cryptocurrencies can be thought of as a digital-money revolution. Cryptocurrencies have the potential to transform the way people view money, how they transact, and even the overall structure…… Read More
The bitcoin revolution In a white paper sent to a cryptography mailing list on October 31, 2008, an unidentified individual (or group) using the pseudonym Satoshi Nakamoto described what the paper’s title called “Bitcoin: A Peer-to-Peer Electronic Cash System.” This paper was soon followed by a software implementation of the cash system believed to have been compiled by…… Read More