Cryptocurrencies and Their Impact on Financial Systems

DOI

10.2991/978-94-6463-488-4_36How to use a DOI?

Keywords

Cryptocurrency; financial system; market capitalization

Abstract

Cryptocurrencies have emerged as a novel force in the financial landscape, challenging traditional systems with their decentralized nature and blockchain technology. This essay explores the dynamic landscape of cryptocurrencies and anticipates their future implications on financial systems. It further delves into both the potential benefits and risks associated with cryptocurrencies, including financial inclusion, improved efficiency and transparency, alongside concerns regarding volatility, security risks, and potential misuse for illicit activities. By examining these various dimensions, the paper aims to provide a comprehensive understanding of the multifaceted future of cryptocurrencies and their intricate influence on financial systems.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Xinren Mao
PY  - 2024
DA  - 2024/08/29
TI  - Cryptocurrencies and Their Impact on Financial Systems
BT  - Proceedings of the 2024 2nd International Conference on Digital Economy and Management Science (CDEMS 2024)
PB  - Atlantis Press
SP  - 324
EP  - 331
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-488-4_36
DO  - 10.2991/978-94-6463-488-4_36
ID  - Mao2024
ER  -