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

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  • Shweta Goel
  • Himanshu Mittal

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.

Suggested Citation

  • Shweta Goel & Himanshu Mittal, 2020. "Economic, legal and financial perspectives on cryptocurrencies: a review on cryptocurrency growth, opportunities and future prospects," World Review of Entrepreneurship, Management and Sustainable Development, Inderscience Enterprises Ltd, vol. 16(6), pages 611-623.
    • Handle: RePEc:ids:wremsd:v:16:y:2020:i:6:p:611-623
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