Authors :
Keyur Doshi; Mohit Kochar; Siddhant Sanap
Volume/Issue :
Volume 7 - 2022, Issue 5 - May
Google Scholar :
https://bit.ly/3IIfn9N
Scribd :
https://bit.ly/3HCyGSN
DOI :
https://doi.org/10.5281/zenodo.6670446
Abstract :
Cryptocurrency has become an issue that
have attracted the attention of individuals, investors and
government taking into play that the rate at which it is
been patronized online and the media hype its getting.
This paper tends to examine cryptocurrency as an
investment tool and its missing link. However, the paper
identifies the major types of cryptocurrencies, how is it
exchanged and measured. It further revealed the benefits
of the digital currency as it is secured; transfers are
made easier, less processing charges, removing the bottle
necks when using banks and other financial institution
as intermediary, etc. Despite these benefits, there tend to
be a missing links which could affect its operations.
Amongst which are lack of government support,
transparency issues, subject to loss, theft and fraud, lack
of central repository and investors protection clause, etc.
The paper concludes that cryptocurrency as an economic
innovation is disruptive the way it’s currently managed
and if this vacuum is not adequately addressed, it will
not survive in the future. The study further recommends
that there is need to create a legal & regulatory
framework guiding its operations, ensure full disclosure
on its transactions, need to be centralized in nature and
investors protection clause should be incorporated, etc.”
Cryptocurrency has become an issue that
have attracted the attention of individuals, investors and
government taking into play that the rate at which it is
been patronized online and the media hype its getting.
This paper tends to examine cryptocurrency as an
investment tool and its missing link. However, the paper
identifies the major types of cryptocurrencies, how is it
exchanged and measured. It further revealed the benefits
of the digital currency as it is secured; transfers are
made easier, less processing charges, removing the bottle
necks when using banks and other financial institution
as intermediary, etc. Despite these benefits, there tend to
be a missing links which could affect its operations.
Amongst which are lack of government support,
transparency issues, subject to loss, theft and fraud, lack
of central repository and investors protection clause, etc.
The paper concludes that cryptocurrency as an economic
innovation is disruptive the way it’s currently managed
and if this vacuum is not adequately addressed, it will
not survive in the future. The study further recommends
that there is need to create a legal & regulatory
framework guiding its operations, ensure full disclosure
on its transactions, need to be centralized in nature and
investors protection clause should be incorporated, etc.”
