Impact of Cryptocurrencies on Traditional Financial Systems
Abstract: The research paper investigates the profound impact that cryptocurrencies have exerted on traditional financial systems since the emergence of Bitcoin in 2009. The rapid growth of cryptocurrency market and its increasing integration in global economics have raised significant questions about the future coexistence and potential transformation of traditional financial structures. The study employs a multidisciplinary approach, combining economic analysis, regulatory examination and technological insights to explore the multifaceted implications of cryptocurrencies.
Keywords: Cryptocurrencies, Monetary policy, Financial eco system, Central Bank Digital Currencies (CBDC), Cross border transactions, Investor behaviour, Systematic risk
How to Cite?: Benu Chatterjee, "Impact of Cryptocurrencies on Traditional Financial Systems", Volume 12 Issue 8, August 2023, International Journal of Science and Research (IJSR), Pages: 2139-2143, https://www.ijsr.net/getabstract.php?paperid=SR23824111829, DOI: https://dx.doi.org/10.21275/SR23824111829