Year: 2025
Type: article
Abstract: The 2008 financial crisis was a profound failure triggered by Western banking’s fiscal shortcomings. The ripple effect precipitated a global economic crisis not seen since the end of the First World War. The United States (US) government’s strategy to consolidate failing financial institutions at the cost of its taxpayers ultimately caused wide-ranging reactions and criticisms locally and across the world. In response to that, a transactional currency of the blockchain named ‘Crypto’ was created to differentiate it from Fiat. The emerging discourse on cryptocurrency suggests its scepticism of the Western-led global banking system. This paper investigates the legal capitalism of cryptocurrency within the norms of Western knowledge capitalism. The investigation explores the case of Cuba as a subset within the exploratory analysis of the crypto universe evolution, and the Westphalian insecurities emerging from the threat of cryptocurrency to the capitalist hegemon.
DOI: 10.6018/reg.686601
Authors: Syed Hassan, Seida Barrera Rodriguez
Institutions: Euclid University, University of Havana
Language: English
Subfield: Sociology and Political Science
Field: Social Sciences
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W7122789596