Critical Review: Current Research Issues on Crypto-currency and its Application in Financial Sectors

Lim Hong Hin

International Journal of Business and Management, 2021, vol. 15, issue 3, 145

Abstract: This research article is based on the current research issues on crypto-currency and its application in financial sectors. The researcher stated that crypto- currency attracted a significant attention and has been adopted in numerous applications, such as smart grid and Internet of Things (IoT) have a high scalability barrier for block-chain which limits its ability to support services with frequent transactions. In this research paper the researcher emphasized that some of the significant research issues on decentralized, peer to peer financial networks face risks such as fraud and suspicious trading, volatile price fluctuations, regularity uncertainty, and instability in financial sectors. This research study shows the huge growth of online users, virtual word concept which are created a new business phenomenon to facilitate financial activities such as buying, selling and trading. This research article analyzed the user’s expectation of future of crypto-currency in financial sectors at different significant level. In addition to this the researcher also discussed a statistical report which is adopted from the Statistic to provide a future direction of money regulatory in financial sector.

Date: 2021
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