Through recent decades, Iran has consistently been faced with economic sanctions by the United States. Due to the hegemony the United States has over international monetary systems, sanctions can...Show moreThrough recent decades, Iran has consistently been faced with economic sanctions by the United States. Due to the hegemony the United States has over international monetary systems, sanctions can be detrimental. This was displayed in 2012 when Iran was sanctioned by The Society for Worldwide Interbank Telecommunication (SWIFT), an interbank messaging platform which can be influenced by the United States. SWIFT is responsible for facilitating $5 trillion USD in settlements daily. As a result, the Iranian economy suffered greatly as they could not facilitate their oil sales with international partners without SWIFT. This thesis seeks to find alternative payment and messaging platforms which may compete with SWIFT and assist in sanctioned countries to avoid the current hegemonic nature of payment and messaging platforms. In finding alternatives, two stand at the forefront of this economic discourse for sanctioned states. One being the Cross-Border Interbank Payment System which was established as a result of the internationalization of the RMB. And the rise of RippleNet, a blockchain based messaging and payment platform which has emerged due to the technological advances in the finance industry. In doing so, the paper analyzes shifts in global finance and its subsequent impact on sanctioned countries.Show less
Cryptocurrencies, although in their infancy, are becoming increasingly important for the global economy. Bitcoin was the first invented cryptocurrency, created by a group or person under the...Show moreCryptocurrencies, although in their infancy, are becoming increasingly important for the global economy. Bitcoin was the first invented cryptocurrency, created by a group or person under the pseudonym of Satoshi Nakamoto in 2007, allowing for the exchange of economic value by use of its verifiable and cryptographically secure blockchain. While many countries still don’t even know how to define cryptocurrencies, China has been regulating them for years. The Chinese tech industry also often exemplifies that it is at the forefront of global blockchain technology development with its numerous fast-growing companies and tokens such as DeepBrain Chain, Ontology Network, NEO, Tron, and QTUM, thus suggesting that the tech must be succeeding in certain areas, perhaps either as a result of government regulation, or in spite of it. This paper has contextualised the state of the Chinese blockchain industry in regards to a new type of blockchain political economy and in terms of the Chinese regulatory climate.Show less
Cryptocurrencies have caught the attention of the media internationally. Some states are impartial or even encourage cryptocurrencies, whereas others want to regulate them. In China’s case the PRC...Show moreCryptocurrencies have caught the attention of the media internationally. Some states are impartial or even encourage cryptocurrencies, whereas others want to regulate them. In China’s case the PRC wants to sternly regulate the decentralized virtual asset in order to reduce financial risk and scams. The Chinese media has been reporting the strict regulations and depicted a certain “frame”. This thesis attempts to analyze that frame and how it is portrayed in the Chinese media by. This will be done by identifying the primary frames and tones in Chinese news articles.Show less
