SOCIAL AND ECONOMIC FACTORS THAT IMPACT CRYPTOCURRENCY

Abstract

This research paper revolves around several factors that affect cryptocurrency and its efciency shortly. Many great scholars have talked differently about this concept. To nd where cryptocurrency is bound to be, a survey was conducted with necessary questions and a total of 200 responses were received which in turn, helped us to analyze and interpret various economic and social factors impacting its standing in the business sector. Certain limitations and suggestions were generated at the end of the research analysis, followed by the conclusion. It also explores the users' condence in dealing with cryptocurrency in a time when the usage of such virtual cash was not fully managed and regulated. Besides, the paper is aimed to measure the spread of cryptocurrency use to have a clear photo from the practical view. The paper additionally analyses how certain remarkable international locations have responded in terms of recommendations.