Cryptocurrencies — An Assessment of Global Adoption Trends

Sam Goundar, Niumaia Tabunakawai, Jobe Tamata, Arpana Deb and Salsabil Nusair

Chapter 11 in Blockchain Technologies, Applications and Cryptocurrencies:Current Practice and Future Trends, 2020, pp 231-248 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Government and state approaches to any venture first begin with regulations being kept in place to safeguard its interests as well as those of its citizens. Cryptocurrency adoption on a global scale has been led by major players such as the U.S. and China, while some smaller countries have achieved comparable success. In this chapter, we analyze and assess a country’s level of cryptocurrency adoption on the basis of its regulatory framework. We then classify this approach according to the business function that regulates the use of these cryptocurrencies. We also derive a gradual approach to cryptocurrency adoption and regulation, which can be used by fledgling countries new to cryptocurrency.

Keywords: Blockchains; Cryptocurrencies; Distributed Ledger Technologies; Bitcoin; FinTech (search for similar items in EconPapers)
JEL-codes: G20 L86 O3 (search for similar items in EconPapers)
Date: 2020
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