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Blockchain-Based Cryptocurrency Regulation: An Overview

Abstract

Governments and industry leaders have already carried out programs to fully evaluate the strengths of blockchain and how it needs to be incorporated into everyday practices. Several segments performed faster than others. The integration of blockchain technologies into everyday activities within large multinationals was officially communicated, with the money part being the snappiest out of the squares, the promotion and the market part. Where integration of blockchain technologies can provide secure, accessible digital versions to all parties in a transaction, and smart contracts can be used to manage the workflow of approvals and automatically transfer payment upon all signatures being collected. As indicated by Gartner, blockchain innovation has just reached the height of the advertisement process and entered a time of decline, which is recognizing the authenticity of blockchain innovation. The perspective for innovation in blockchain looks magnificent and the increases created by acquiring the innovation are unforeseen. The general consensus is that passing the time of swelled desire was a significant advance in the transformation of blockchain across the infomercial process. The viewpoint for blockchain innovation looks splendid and the increases produced using receiving the innovation will be inconceivable. How the innovation is grasped will be the way to how it benefits the monetary markets and the world when all is said in done.

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Acknowledgements

The author would like to express his sincere thanks to the editor-in-chief for his valuable suggestions to improve this article.

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Correspondence to Bhoopesh Singh Bhati.

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Yadav, S.P., Agrawal, K.K., Bhati, B.S. et al. Blockchain-Based Cryptocurrency Regulation: An Overview. Comput Econ (2020). https://doi.org/10.1007/s10614-020-10050-0

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Keywords

  • Blockchain
  • Spectrum sharing
  • BTC
  • Cryptocurrency
  • Bitcoin