An Analysis of The Current State of Crypto currency Regulation and Its Impact on The Adoption of Crypto currencies in Different Region

Abstract

Cryptocurrency is a latest and large innovation within the financial industry. The purpose is to offer a currency that isn't always tied, created, or subsidized by way of a government. Cryptocurrency uses Blockchain technology as the economic platform. Cryptocurrency adoption degree has multiplied, and the marketplace has grown dramatically. The intention of this paper is to fill the gap inside the cutting-edge literature by way of investigating the modern cryptocurrency adaptation stage, adoption-influencing factors, supplying an In depth analysis of these factors and discussing some pitfalls surrounding the cryptocurrency exchange sites’ users. In addition, the paper shows that the principle factors driving the adoption choice revealed from the literature evaluate are the investment possibility cryptocurrency paperwork, the anonymity of the transactions and privateness, the popularity through companies as a payment approach, the quick transfer of finances, the low price of transactions, and technological curiosity. The research findings help research, regulators, and cryptocurrency developers to better apprehend their consumer’s aim toward cryptocurrency adoption.