Research: Cryptocurrency (lack of) Regulations: Overview, Risks, and Opportunities
Economics, Finance, Research
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In early 2017, cryptocurrency became a global ubiquitous topic when Bitcoin value to US dollar increased in over 200 percent from 2014, and by around 4,000 percent by late 2017. This rapid increase is reflected in the nominal value of Bitcoins from less than $0.01 in May 2010 to more than $19,700 on December 17, 2017. Since then, cryptocurrency has been viewed by many as an easy way of making profit, and despite being decentralized and unlinked to any central authority, cryptocurrencies gained trust among individual investors and firms. Recently, aas Elon Musk announced his interest in purchasing…
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