Adoption of cryptocurrency into world Markets

• Autor(a) principal: Jeena, Shahid
• Data de Publicação: 2023
• Tipo de documento: Dissertação
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10362/159923
• topic: Direito

Cryptocurrency, the digital or virtual currency that uses cryptography for security, has gained wide attention in recent times. The relinquishment of cryptocurrency into world requests has been a content of important debate, with numerous governments taking different approaches to regulating the use and trade of these currencies. This paper aims to estimate the part played by different government regulations in the relinquishment of cryptocurrency into world requests. The first part of the research will focus on the definition of cryptocurrency, how cryptocurrency emerged. This part will also explain the working of cryptocurrency such as mining, buying & selling or storing of cryptocurrency coins. This part will also show a detailed view about the problem that cryptocurrency was designed to solve along with its advantages and disadvantages. The second part of the research will focus on the impact on the change in transaction methods from the traditional approach to a new approach using the adoption of cryptocurrency. By analysing data on the growth of cryptocurrency markets, the study will also provide us with the laws of different countries such as El Salvador, Dubai, USA, India, Canada, European Union and Africa. This part of the research will also provide us role played by different government authorities within their country to bring in a regulatory framework for cryptocurrency. The final part of the research will provide an a legal analysis and recommendations that shall be enforced throughout all countries so as to minimise the risk of customers and also make it a cryptocurrency a legal tender that can be used around the world with minimum risk. The research will provide valuable insights on how to approach the regulation of cryptocurrency in the future.