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Future trends of cryptocurrency in India: A perception study

Author

Listed:
  • Kishore Kumar Das

    (Department of Commerce, School of Commerce, Ravenshaw University, Cuttack 753003, Odisha, India)

  • Tania Guharay

    (Department of Commerce, School of Commerce, Ravenshaw University, Cuttack 753003, Odisha, India)

Abstract

Cryptocurrency is a digital currency designed for use in transactions just like regular money. To safeguard its exchanges, restrict the development of a specific kind of cryptocurrency, and keep track of each and every transaction across the entire network, it uses blockchain and cryptography. Even after a decade of existence, cryptocurrency has not established a reputation as a new age currency system among the majority of countries in the world, and people are still dubious about its value despite being loaded with numerous cutting-edge technologies and having a sizable market presence everywhere. Cryptocurrencies have been around for almost 10 years, but it is still unclear whether they will ever become a real currency or if they will stay a component of investment portfolios. Since Odisha is a backward state, a study has been done to determine the level of awareness and perception of cryptocurrencies in its cities.

Suggested Citation

  • Kishore Kumar Das & Tania Guharay, 2024. "Future trends of cryptocurrency in India: A perception study," International Journal of Financial Engineering (IJFE), World Scientific Publishing Co. Pte. Ltd., vol. 11(04), pages 1-16, December.
    • Handle: RePEc:wsi:ijfexx:v:11:y:2024:i:04:n:s2424786323500500
    DOI: 10.1142/S2424786323500500
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