This data-driven approach allowed the researchers to paint a vivid picture of public sentiment and the factors influencing consumer behaviour towards digital currencies. They are issued by private parties, such as a group of developers or organizations, and do not have a physical form like paper money. It is stored and transacted through designated mobile or computer applications. Transactions involving virtual currencies occur through secure, dedicated networks or the internet. They are generally issued by private parties or groups of developers and are mostly unregulated.
The advancement of information technologies in recent decades has resulted in significant changes all across the globe. Even small businesses have been greatly impacted by the digital environment, which has necessitated changes in order to adapt to the current investment market dynamics. The rapid growth and increasing applications of Information and Communications Technology (ICT) is the main factor that drives cryptocurrency to be considered as a potential asset in investment portfolios.
Digital currencies is a fast-developing topic in an age of communications revolution and E-commerce. In this paper we study the present situation and the challenges that affect in the crypto market. Next, we detail the existing threats, risks and weaknesses of the digital currencies and Bitcoin in particular. “Many consumers lack a clear understanding of how digital currencies work and the risks involved. By offering educational resources and promoting digital literacy, stakeholders can empower consumers to make informed decisions about their financial futures.
The paper concludes that despite the challenges, cryptocurrency can be used for revolutionary financial transactions. This paper aims toward amplifying the concept of cryptocurrency as emerging digital money in the world and its practices in Nepal. The paper is based on review of various articles, books and relevant websites that provide information regarding cryptocurrencies. The paper highlighted the conceptual part and types of cryptocurrencies in the first section, the major literature review in the context of world in the second section, and the practices of cryptocurrency in Nepal in third section followed by conclusion in final section. The primary survey has been done to collect the data with self administered questionnaire.
This data may have economic value and could help central banks achieve policy objectives. At the same time, using that data could contravene privacy and undermine trust in CBDC. This trade-off differs by country depending on norms, legal and regulatory frameworks, and preferences.
Typically, electronic currency like digital or cryptocurrency both are influencing the world economy under the ledger technology, where as traditional fiat currency plays vital role in socio economy followed by conventional printing method. Purpose – The purpose of this paper was to conduct a systemic review of extant cryptocurrency research in order to identify important features of these studies and to provide directions for future cryptocurrency research. Methodology – The Systematic Quantitative Assessment Technique (SQAT) was used to identify and review relevant peer-reviewed journal articles that investigated various facets of cryptocurrency. The findings of the review revealed that most of the studies took place in Europe, North America and Asia, while Africa has been largely ignored. The main focus of cryptocurrency articles has been on a call for regulation of cryptocurrency without much work done on how to mitigate its vulnerability to the financing of terrorism and as a tool for money laundering.
Open virtual currencies operate in open ecosystems and can be converted into another currency within or outside the platform. Bitcoin and Ethereum, the two biggest cryptocurrencies by market capitalization, can be converted into other cryptocurrencies or certain fiat currencies. This conversion process can trigger taxes, depending on how long you hold your cryptocurrency and its market value when you purchased and sold it.
The result shows six challenges via Complex and changeable activities, crimes, crypto expenses, illegal activities, the need for specialization, and others that can be controlled and hacked. Moreover, seven themes for opportunities such as cryptocurrency transactions, decentralization, new academic topics, new industry, new monetary system, new money type, and new technological control are presented. This research aims to investigate the possible applicability of Blockchain technology and cryptocurrencies in the financial sector in Africa. Cryptocurrencies are a form of digital currency, created and held electronically.
She holds a Bachelor of Science in Finance degree from Bridgewater State University and helps develop content strategies.
Virtual currencies are digital representations of value that can exist only electronically. The in-game currency used in blockchain-based games might be considered an open virtual currency if it can be sold back to the game or to another user. Are we on the brink of a financial revolution, or are we merely repeating the mistakes of the past?
