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The Impact and Current Situation of Cryptocurrency in Thailand and the World

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  • Sutiwat Soithong

    (Faculty of International Business Management, Eastern Asia University, Thailand)

  • Thatarot Chamroonkul

    (Faculty of International Business Management, Eastern Asia University, Thailand)

Abstract

As cryptocurrencies become more apparent and popular in the financial world it is essential to increase people’s awareness and identify the emergence and importance of such currencies. In this article, the current situation of cryptocurrencies was investigated to identify the impact both internationally and domestically. It is apparent that the emergence of cryptocurrencies has changed the face of the financial world, especially in money transaction activities and investments. Although cryptocurrencies may be perceived as flexible and simple, it is significantly sensitive to events that evolve around the world. Due to its sensitivity, an event such as the war between Russia and Ukraine has immensely affected the world’s economy and the cryptocurrencies themselves. The world’s government must therefore be able to investigate and forecast the uncertain manner of the currencies and how it will affect the world’s economy as a whole

Suggested Citation

  • Sutiwat Soithong & Thatarot Chamroonkul, 2022. "The Impact and Current Situation of Cryptocurrency in Thailand and the World," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 9(6), pages 53-56, June.
    • Handle: RePEc:bjc:journl:v:9:y:2022:i:6:p:53-56
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