As the name implies, cryptocurrency is a digital currency which uses encryption to verify transactions. Therefore, advanced coding is involved in both storing and transmitting cryptocurrency data between wallets and to public records. The aim of the encryption being used is to provide safety to users. However, cryptocurrency is based on a decentralized system that …
A History with Corruption In Asia, it is common to use personal connections to get ahead, such as skipping lines or get better access to public facilities. How much you can speed up these processes depends on your personal connections and the amount you are willing to pay. According to the Global Corruption Barometer 2020, …
War and corruption are inseparable. Half of the countries in the bottom quartile of the Corruption Perception Index are involved in conflict. And there are many reasons to speculate on why that is. First, during conflict, public accountability of political figures and officials becomes harder to achieve. This creates an environment that favors corruption, as …
A History with Corruption Brazil struggles with corruption, as it poses an impediment to economic development, social equality, and justice. In 2014, Operation Carwash (or Operação Lava Jato, in Portuguese) exposed one of the biggest corruption scandals in history, which involved businesses and politicians from several countries. This has inspired an anti-corruption effort by the …
Some countries do not consider facilitation payments as bribes. As long as these are not made to earn or keep business, or to create an undue advantage over another company or entity. In this article, we will be addressing the legality of facilitation payments in United States, Australia, New Zealand, and the recent developments in …
An agent from another country may ask you for extra money to process paperwork. A border patrol officer may ask for a favor to allow your shipment to entry a country faster. Or even so, an employee from the Department of Motor Vehicles may be willing to give your renewed driver’s license without the need …