Cryptocurrency: regulatory challenges, entrepreneurship and innovation impact

Abstract

It can be argued that cryptocurrencies are based on blockchain technology and have a wide range of advantages for customers. It has become a way of sharing value, investing or even earning money. Unfortunately, cryptocurrency is currently used for money laundering and financing terrorism. Governments of many countries are faced with the range of issues that need to be resolved, such as determining the essence of cryptocurrency, tracking operations and activities of cryptocurrency exchanges, taxation and many others. Moreover, there is a variety of challenges for the market, cryptocurrencies volatility in particular, which is necessary to consider.