BLOCKCHAIN AND CRYPTOCURRENCY: DISRUPTIVE FORCES OR ECONOMIC ENABLERS?

Abstract

In this article the author analyses the complex realm of blockchain and cryptocurrencies, highlighting their transformative impact on today’s financial and regulatory landscape. Beginning with the foundational elements and potential applications of the technology, the paper elucidates the disruptive nature of cryptocurrencies, revealing both the opportunities they offer and the inherent challenges they pose. Key concerns include extreme market volatility, potential for misuse in illegal activities, and their profound macroeconomic implications. Also, the author explores the complexities of the evolving regulatory environment, emphasizing the need for a harmonized, dynamic, and transparent regulatory framework that fosters innovation while safeguarding public interest. The study is based on recent research, statistics, and policy developments, aiming to provide readers with a holistic understanding of the complexities and potential trajectories of cryptocurrency and blockchain technologies.

Keywords

• blockchain technology
• cryptocurrencies
• economic effects
• blockchain applications
• sustainable utilization
• regulatory frameworks