Bitcoin Booms: Unveiling The Regulatory Challenges In Financial Markets

Abstract

The main aim of this study is study is to understand the challenges that are faced by Bitcoin in financial regulation. Bitcoin helps to attract investors on a public ledger, which helps them to get back a significant return. Research objectives and research questions are highlighted in this section. Based on the research objectives, thematic analysis is highlighted. Therefore, Cryptocurrencies and Bitcoin in general have imposed numerous challenges in financial matters. The challenges Bitcoin faces due to its unique characteristics and decentralized phenomenon. Regulators are allowed to balance encouraging innovation in blockchain. Therefore, financial stability has to be maintained which helps to protect customers. After that, a clear tax guideline is required for the investors which help them to ensure compliance. This study is based on the primary data collection method. Therefore, researchers used quantitative methods for collecting data. In this study, researchers can create a questionnaire set based on the 10 survey questions. In which 3 questions are based on demographic questions and 7 questions are based on variable-related questions. After that, researchers were able to collect information with the aid of 58 respondents. In this study, researchers are allowed to analyze the collected data with the aid of SPSS software. After that, based on the demographic test, researchers are able to identify the response rate of the participants. After that, “descriptive analysis”, and “hypothesis testing” play a significant role within this study. Overall discussion about the research study is highlighted in this section. Therefore, challenges of Bitcoin transaction process are discussed within this section. This research study is based on the analysis of the challenges that are faced by investors during the transaction process.