Cryptocurrencies and Blockchain In 4th Industrial Revolution Process: Some Public Recommendations

Abstract

Last revolution of industry history is known as “Industry 4.0” or also known as 4th Industrial Revolution that<br> forms the basis of increasing technology network has emerged as digital technology-based digital revolution. Digitalisation<br> in 4th Industrial Revolution reflected to currency and cryptocurrencies has become a part of today’s<br> world. Blockchain technology as the basis of virtual currency is one of the leading technologies under 4th Industrial<br> Revolution and gradually increases impact range. Bitcoin as a cryptocurrency that introduced blockchain technology<br> to the world can be characterised as the most important financial technology (fintech) innovation of digital<br> age. Income from bitcoin as cryptocurrency are at significant level and risks of using bitcoin in money laundering<br> and financing illegal activities have led countries to apply regulations for cryptocurrencies. This study aims to<br> analyse regulations for cryptocurrencies that gradually increases market cap under 4th Industrial Revolution process.