The Impact of Economic Policies on the Use of Blockchain Technology in Financial Markets
Keywords:
Blockchain Technology, Financial Markets, Economic Policies, Regulatory Frameworks, Fiscal Measures.Abstract
Blockchain technology has emerged as a revolutionary force in the financial industry, promising to enhance transparency, security, and efficiency in financial transactions. Originally conceptualized for Bitcoin, blockchain has evolved beyond cryptocurrencies and is now applied in banking, trading, and asset management. The decentralized and immutable nature of blockchain offers potential solutions to fraud, data breaches, and inefficiencies in financial markets. Economic policies, including regulatory frameworks, fiscal measures, and monetary policies, play a crucial role in shaping the adoption of blockchain technology. This study explores the impact of these economic policies on blockchain adoption in financial markets. Through a mixed-methods approach, combining qualitative interviews with industry experts and quantitative surveys of financial institutions, this research provides comprehensive insights into how economic policies influence blockchain technology's integration. The findings highlight the importance of clear regulatory guidelines, supportive fiscal policies, and stable monetary environments in fostering blockchain innovation. The study contributes to the existing literature by offering practical recommendations for policymakers and financial institutions aiming to harness blockchain's potential.
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