International Journal For Multidisciplinary Research

E-ISSN: 2582-2160     Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

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The Rise of Cryptocurrencies: Implications for Monetary Policy and Financial Stability

Author(s) Mr. Aamir Khan
Country India
Abstract The emergence of cryptocurrencies and its effects on financial stability and monetary policy are examined in this paper. Fewer studies have examined the wider macroeconomic and regulatory ramifications of cryptocurrencies, especially in developing nations, despite the fact that previous study has mostly concentrated on their technical components. In addition to academic publications and institutional reports, this study used a descriptive and analytical research approach to poll 120 financial specialists, bankers, economists, and policymakers. The results show that although there is a high level of knowledge of cryptocurrencies, their use in formal transactions is still rather low. Respondents emphasized that central banks have several difficulties, particularly in controlling the money supply, inflation, and interest rates. Opportunities include enhanced cross-border payments, more financial inclusion, and lower transaction costs, while major hazards include volatility, regulatory uncertainty, cybersecurity concerns, and money laundering. The research comes to the conclusion that in order to reduce risks and allow the financial sector to take use of the creative potential of cryptocurrencies, a well-balanced regulatory framework is necessary.
Keywords Monetary Policy, Cryptocurrency, Financial Stability, Digital Finance, Regulation.
Field Computer Applications
Published In Volume 7, Issue 5, September-October 2025
Published On 2025-09-25
DOI https://doi.org/10.36948/ijfmr.2025.v07i05.56578

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