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INTERNATIONAL JOURNAL OF CREATIVE RESEARCH THOUGHTS - IJCRT (IJCRT.ORG)

International Peer Reviewed & Refereed Journals, Open Access Journal

IJCRT Peer-Reviewed (Refereed) Journal as Per New UGC Rules.

ISSN Approved Journal No: 2320-2882 | Impact factor: 7.97 | ESTD Year: 2013

Call For Paper - Volume 14 | Issue 5 | Month- May 2026

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  Authors

Kiran Sanjay Bhadane

  Keywords

Cryptocurrency; Blockchain Technology; Financial Innovation; Economic Impact; Digital Assets; Market Volatility; Regulatory Framework; Financial Inclusion; Decentralization; Monetary Policy; Decentralized Finance; Central Bank Digital Currency (CBDC)

  Abstract


Cryptocurrencies have evolved from a niche technological innovation into a significant component of the global financial system. Initiated by Bitcoin in 2009, and later expanded through platforms like Ethereum, these decentralized digital assets operate on blockchain technology, enabling secure, transparent, and peer-to-peer transactions without reliance on central authorities. This study examines the economic impact of cryptocurrencies, focusing on their role in promoting financial inclusion, driving investment, and fostering technological innovation, while also highlighting risks such as market volatility, regulatory uncertainty, and threats to monetary stability. The paper further explores the regulatory challenges faced by governments and financial institutions worldwide, as they attempt to balance innovation with investor protection and financial security. A comparative analysis of regulatory approaches in major economies--including the United States, India, China, and the European Union--reveals significant inconsistencies and policy gaps. Using a qualitative, descriptive methodology based on secondary data sources, this study identifies how fragmented regulatory frameworks and lack of global coordination hinder the sustainable growth of the cryptocurrency ecosystem. The findings suggest that a flexible, transparent, and internationally coordinated regulatory approach is essential to maximize the benefits of cryptocurrencies while minimizing associated risks. The study concludes by emphasizing the need for adaptive policy frameworks that can keep pace with the rapidly evolving digital financial landscape.

  IJCRT's Publication Details

  Unique Identification Number - IJCRT2605150

  Paper ID - 307880

  Author type - Indian Author

  Page Number(s) - b158-b163

  Pubished in - Volume 14 | Issue 5 | May 2026

  DOI (Digital Object Identifier) -   

  No Of Downloads - 38

  Author Country - India, 423102, Deola, Deola, 423102, Others area

  Publisher Name - IJPUBLICATION | www.ijcrt.org | ISSN : 2320-2882

  E-ISSN Number - 2320-2882

  Published Paper PDF : - http://www.ijcrt.org/papers/IJCRT2605150

  Published Paper URL: : - http://ijcrt.org/viewfull.php?&p_id=IJCRT2605150

  Published Paper PDF Downlaod: - download.php?file=IJCRT2605150

  Cite this article

Kiran Sanjay Bhadane,   "Cryptocurrency: Economic Impact and Regulatory Challenges", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.14, Issue 5, pp.b158-b163, May 2026, Available at :http://www.ijcrt.org/papers/IJCRT2605150.pdf

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The International Journal of Creative Research Thoughts (IJCRT) aims to explore advances in research pertaining to applied, theoretical and experimental Technological studies. The goal is to promote scientific information interchange between researchers, developers, engineers, students, and practitioners working in and around the world.

IJCRT is Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 7.97 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool), Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)

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International Journal of Creative Research Thoughts (IJCRT)
ISSN: 2320-2882 | Impact Factor: 7.97 | Impact Factor: 7.97 and Monthly-Peer-reviewed, and Refereed Journals.
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