Title: Economic, legal and financial perspectives on cryptocurrencies: a review on cryptocurrency growth, opportunities and future prospects

Authors: Shweta Goel; Himanshu Mittal

Addresses: Management Sciences, Jagannath Institute of Management Sciences, New Delhi, India ' Department of Computer Science, Jaypee Institute of Information Technology, Noida, Uttar Pradesh, India

Abstract: Cryptocurrency has become most sought after digital payment system these days and has been regarded as the safest mode of transferring money and making payments. The functionality of the cryptocurrency highly depends upon the use of advanced technology and resulted in the emergence of a number of cryptocurrencies like Bitcoin, Ripple, Ethereum, etc. The evolution and growth of cryptocurrency have been tremendous during the last 10 years and has revolutionised the whole financial sector. The cryptocurrency provides immense opportunities to the users in the form of increased job propensities and new market ventures along with certain challenges like volatility, lack of markets and so on. The risk and return factors involved with the usability and adaptability of cryptocurrency has also impacted the users in both positive and negative ways. Hence, the current research study provides detailed insights about cryptocurrency, its growth, opportunities, and future prospects in an adequate manner.

Keywords: bitcoin; cryptocurrency; FinTech; virtual economy; crypto-assets.

DOI: 10.1504/WREMSD.2020.111391

World Review of Entrepreneurship, Management and Sustainable Development, 2020 Vol.16 No.6, pp.611 - 623

Received: 01 Jun 2019
Accepted: 16 Oct 2019

Published online: 25 Nov 2020 *

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