{"title":"Blockchain and Cryptocurrency: Disruptive Forces or Economic Enablers?","authors":"Andrei Paslari","doi":"10.53486/econ.2023.125.066","DOIUrl":null,"url":null,"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.","PeriodicalId":48040,"journal":{"name":"Economica","volume":"131 6","pages":""},"PeriodicalIF":1.6000,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economica","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.53486/econ.2023.125.066","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
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.
期刊介绍:
Economica is an international journal devoted to research in all branches of economics. Theoretical and empirical articles are welcome from all parts of the international research community. Economica is a leading economics journal, appearing high in the published citation rankings. In addition to the main papers which make up each issue, there is an extensive review section, covering a wide range of recently published titles at all levels.