Paper Title
The Economic and Legal Implications of Cryptocurrency: Navigating Innovation and Regulations
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Registration ID: IJNRD_309813
Published ID: IJNRD2510106
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Keywords
Cryptocurrency, Blockchain Technology, Financial Inclusion, Decentralised Finance (DeFi), Central Bank Digital Currencies (CBDCs), Regulations
Abstract
The emergence of cryptocurrency represents a transformative development in global finance, fundamentally challenging traditional monetary systems and regulatory frameworks. This paper examines the economic and legal implications of cryptocurrency through an interdisciplinary lens, analysing its technological foundations, functional objectives, and regulatory complexities across diverse jurisdictions. Cryptocurrency's blockchain-based architecture enables decentralised, transparent financial transactions independent of central authorities, offering potential benefits including enhanced financial inclusion, reduced transaction costs, and monetary innovation. However, these advantages are counterbalanced by significant challenges: extreme market volatility, regulatory fragmentation, cybersecurity vulnerabilities, environmental concerns from energy-intensive mining operations, and potential facilitation of illicit activities. The research evaluates regulatory approaches across major economies, including the United States, European Union, India, and El Salvador, demonstrating that no universal regulatory solution exists, as frameworks must accommodate local economic conditions, institutional capacities, and political contexts. Through comprehensive analysis of case studies, SWOT assessment, and examination of emerging developments in decentralised finance, stablecoins, and central bank digital currencies, this research presents fourteen policy recommendations addressing legal classification, international coordination, consumer protection, environmental sustainability, and technological innovation. The paper concludes that cryptocurrency's legitimacy and integration into mainstream finance depend upon constructing robust legal and ethical frameworks that balance decentralised innovation with centralised oversight, ultimately ensuring these technologies serve as instruments of economic empowerment rather than exploitation.
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How To Cite (APA)
S. Ramaswamy, V. Sutha, V. Kaveri, & Sruthi Mohan (October-2025). The Economic and Legal Implications of Cryptocurrency: Navigating Innovation and Regulations. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 10(10), b32-b51. https://ijnrd.org/papers/IJNRD2510106.pdf
Issue
Volume 10 Issue 10, October-2025
Pages : b32-b51
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Paper Reg. ID: IJNRD_309813
Published Paper Id: IJNRD2510106
Research Area: Science and Technology
Author Type: Indian Author
Country: -, -, India
Published Paper PDF: https://ijnrd.org/papers/IJNRD2510106.pdf
Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2510106
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