Navigating Bitcoin Regulation Between Innovation and Oversight
Author(s): 1Rajappa Kumar K , 2Sathish Gowda P ,3Kuladepp Kumbar
Affiliation: 1,2,3Department of Computer Engineering. 1,2,3SJC Institute of Technology, Chickballapur-India
Page No: 13-20-
Volume issue & Publishing Year: Volume 1 Issue 5,Oct-2024
Journal: International Journal of Modern Engineering and Management | IJMEM
ISSN NO: 3048-8230
DOI:
Abstract:
Bitcoin, as a revolutionary digital asset, has been both praised for its potential to innovate the global financial system and criticized for its risks, particularly in the areas of financial security, money laundering,and fraud. As governments and financial institutions continue to explore appropriate regulatory frameworks,a balance must be struck between fostering innovation and providing adequate oversight. This paper explores the challenges and opportunities surrounding Bitcoin regulation, with a focus on the tensions between innovation in cryptocurrency technology and the need for financial oversight and consumer protection.
Keywords:
Bitcoin, cryptocurrency, regulation, blockchain, financial innovation, oversight, decentralized finance, Bitcoin volatility, AML/KYC, financial stability, cryptocurrency exchanges, global regulation, digital currency, market manipulation, consumer protection
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