What role does social conflict theory play in the regulation of cryptocurrencies?

1 answers

• May 05, 2022 · 3 years ago
  From a third-party perspective, social conflict theory provides a lens through which we can examine the regulation of cryptocurrencies. This theory suggests that the regulation of cryptocurrencies is not solely determined by objective factors, but is influenced by the power struggles and conflicts between different social groups. For example, regulatory decisions may be influenced by the lobbying efforts of financial institutions, government agencies, or other influential groups. Additionally, social conflict theory highlights the role of inequality and power dynamics in shaping the regulation of cryptocurrencies. The interests of different social groups, such as wealthy investors or marginalized communities, may clash, leading to conflicts over the regulation of cryptocurrencies. By considering social conflict theory, we can gain a deeper understanding of the complex factors that shape cryptocurrency regulation and the various perspectives involved.
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