The few corporations that have embraced cryptocurrencies tend to be small or troubled. However, spinoff technologies from digital currency such as blockchain are likely to play a major role in corporate finance and international banking.
To get around sanctions, Venezuelan president Nicolas Maduro is issuing an oil-and-reserves-backed cryptocurrency. If it succeeds, the ICO should provide the government with access to $6 billion. But cryptos are dicey.
Asset valuation is one of a chief financial officer’s core functions. CFOs are regularly asked about the value of a company’s shares, assets and subsidiaries, as well as that of companies and assets targeted for potential acquisition. Yet increasingly, companies ...
Countries like Algeria, Morocco, Bolivia, Ecuador, Kyrgyzstan, Nepal and Bangladesh have all issued bans—or at least begun the process—on bitcoin and other alternative currencies, in order to stamp out tax evasion and irresponsible trading.
Richard Nephew, a former principal deputy coordinator for Sanctions Policy at the US Department of State who now teaches at Columbia University, visited Global Finance to discuss economic sanctions, their effectiveness, and why corporate finance leaders should care.