The Future of Cryptocurrencies in the Global Economy

Lola Atabekova

Bakalářská práce

Abstract:

This work aims to explore the potential future of cryptocurrency in the global economy through an analysis of its impact on the economies of individual countries. A secondary goal is to identify favorable regulations within the crypto industry. The theoretical part will encompass a descriptive analysis examining the role of cryptocurrencies in the global economy, their functions, and initial objectives. Potential future trends and developments will be analyzed, and the challenges and opportunities presented by cryptocurrencies for traditional financial systems and institutions will be assessed. In the practical part, the author will conduct a case study comparing two countries. A comparison will be made between Japan, which has positive regulations regarding cryptocurrency, and China, which has restricted cryptocurrencies. Additionally, the author will perform a SWOT analysis to evaluate internal and external factors that may influence the outcomes of different regulatory strategies. The author concludes that adopting a balanced regulatory approach is crucial for the cryptocurrency market. Overly strict regulations can impede market growth and have adverse effects on the economy, while a complete ban may also result in unfavorable consequences. However, at present, it is challenging to determine the substantial impact of cryptocurrency adoption or rejection since the market is relatively young.

Keywords

Regulatory framework, Decentralization, Economy, Cryptoccurencies

Jazyk práce: angličtina

Datum vytvoření / odevzdání či podání práce: 2. 12. 2023

Obhajoba závěrečné práce

• Obhajoba proběhla 6. 2. 2024
• Vedoucí: Jared Daniel Jacques
• Oponent: Michaela Peroutková, Ph.D.

Česká zemědělská univerzita v Praze

Provozně ekonomická fakulta

Bakalářský studijní program:
Business Administration