The Impact of Cryptocurrency on Traditional Banking Systems
Keywords:
cryptocurrency, banking, blockchain, regulation, financeAbstract
This article explores the transformative effects of cryptocurrency on traditional banking systems. Through qualitative analysis, the research highlights how cryptocurrencies like Bitcoin and Ethereum challenge established financial institutions with decentralized finance (DeFi) models. The paper assesses the role of blockchain technology in fostering transparency and security. The authors also examine the regulatory responses from various countries and their implications for global finance. The study concludes with a discussion on the adaptability of banks in integrating digital assets and the potential future of a hybrid financial system.
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