De-virtualizing crypto: the power of governance, energy, and infrastructure in cryptocurrency ecosystems in the Global South


Project Summary:

The main research questions are:

How is energy appropriated by cryptocurrency businesses?

What are the environmental and climate implications of the energy use for cryptocurrency mining?

How are governance incentives mobilized for the spread of cryptocurrency markets in the Global South?

Project Description:

This research project seeks to disentangle the puzzle of why purportedly decentralized digital financial assets and payment systems such as cryptocurrencies became tools of central government authorities’ agendas. It investigates this paradox by focusing on the governance and energy incentives that power cryptocurrency markets. This research delves into the underlying material inputs and the governance incentives that allow the expansion of cryptocurrency markets with a particular focus on Global South contexts. Drawing on the cases of El Salvador, Venezuela, Argentina and Puerto Rico, this project will build a broad comparative analysis on the expansion of cryptocurrency markets in the periphery of capitalism.

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Funded

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PI

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