Year: 2024
Type: article
Abstract: This exploratory study investigates the impact of cryptocurrencies on traditional monetary systems. Employing a mixed-methods approach, it combines quantitative analysis with qualitative insights from industry experts. Findings reveal significant correlations between cryptocurrency prices and exchange rate fluctuations, suggesting potential instability in fiat currencies. Additionally, cryptocurrencies influence capital flows and market volatility, challenging conventional paradigms. Regulatory responses vary across jurisdictions, reflecting the complex balance between innovation and risk mitigation. The study underscores the necessity for adaptive regulatory frameworks and robust risk management strategies to navigate the evolving financial landscape. Implications include the need for policymakers and regulators to address regulatory uncertainty and implement comprehensive risk management measures. Overall, the study contributes to understanding the multifaceted dynamics between cryptocurrencies and traditional monetary systems, informing decision-making in the digital finance era.
Author: Muslim Muslim
Institution: Universitas Muslim Indonesia
Language: English
Subfield: Information Systems
Field: Computer Science
Domain: Physical Sciences
Open Access status: hybrid
OpenAlex ID: W4402054872