Narciz Bălășoiu
Narciz Bălășoiu
Ph.D. in Intelligence and National Security, Assistant at the Faculty of International Business and Economics, the Bucharest University of Economic Studies, Director at Center for Conflict Prevention and Early Warning
Crypto-Kim: Blockchain, Yes; Break Chains, No

Crypto-Kim: Blockchain, Yes; Break Chains, No

The incredible speed with which technology has developed has often left a gap in the regulation of their use. The lack of regulation has become extremely visible in the field of cryptocurrencies, which can be termed as “virtual money” lacking intrinsic value like gold or state backing like fiat currencies. While they are mostly known for their speculative potential, virtual currencies are also used for practical purposes, facilitating e-commerce but also for less orthodox purposes such as illicit trafficking, terrorism, masking illicit earnings and tax evasion. North Korea has taken full advantage of the lax regulations and by using them the Pyongyang government has been able to secure luxury goods that it could not have had access to because of Western economic sanctions. As a determined and sophisticated international player in terms of cybersecurity, in a constant search for financial resources to meet its needs and ambitions, North Korea is expected to continue its efforts to identify ways in which to obtain and spend cryptocurrencies. The prospect of Pyongyang engaging in large-scale operations to avoid sanctions and using virtual currencies as a means of paying for luxury goods and services, or for easing import prohibition, is a risk that could increase in the future and needs to be addressed accordingly. Southeast Asian states are extremely vulnerable to the various types of illicit activities in which North Korea engages using virtual currencies. The ineffective approaches to regulating virtual currencies in the region create a galling systemic risk in the cryptocurrency industry that North Korea will try to make full use of.  More


Populism.exe in Europe

Populism.exe in Europe

In recent years, the populist and extremist movements have altered the European Union’s political landscape, cynically capitalizing on a speech based on hate, differences, or any other topic that promised to pay off - regardless of the consequences. Starting with Hungary and Slovakia and continuing with Italy’s Five Stars Movement, or Germany’s AfD, the trend is clear, while framing the issue is a mere step towards accepting that the fundamental European principles and values are at stake. The political forecast in the EU looks rather gloomy since most of the established parties have proved unable to tackle this insidious tide. On the other hand, one must not be surprised that the issues left unaddressed year after year have led to the current political unrest. The fact that demagogy and hatred have been fully operationalized during numerous electoral campaigns with such great success suggests that there is a widespread popular discontent that mainstream politics have failed to address. The number one issue is undeniably the so-called “refugees/migration crisis”. Populists and extremist electoral gains demonstrate something unimaginable a few years ago in the liberal and democratic societies: for the first time in the last couple of decades, people have spoken openly about immigration and how difficult it is to integrate minorities, especially ethno-religious minorities (predominantly Africans and Arabs). The so-called "silent majority" prefers not to participate in debates filled with formal speeches and to sanction this "politically-correct" approach by voting all sorts of anti-system entities. The vote given to populists does not necessarily mean that people identify themselves with their narrative, but that they want to condemn the inability of traditional parties to tackle these problems for such a long period of time.  More


INFatuated, INFuriated, INFlexible?

INFatuated, INFuriated, INFlexible?

What the international press and analysts from every corner of the world have speculated on for more than a year has happened. The White House has announced that the US is withdrawing from the Intermediate-Range Nuclear Forces (INF) Treaty. The decision is congruent with the US President's foreign policy preferences, but it could generate significant consequences because it of the possibility of disrupting an extremely fragile international nuclear balance.  More


The Russia-Ukraine Crisis: A Deceptive Geopolitical Jigsaw

The Russia-Ukraine Crisis: A Deceptive Geopolitical Jigsaw

Seven years after the Crimean annexation and the events in Eastern Ukraine, there has been talk again of a possible Russian attack on the Ukrainian state, scheduled for early 2022. One should remember that these speculations were not fuelled by Russia, but by the Western press and policymakers. A state attack is never announced in advance, just as it is not announced by states that do not plan to attack. Behind these speculations was an exercise in anticipation, warning and active deterrence.  More


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