The Past, Present, and Future of Cryptocurrencies and Their Regulation
The emergence of cryptocurrencies In 2008, a global financial crisis emerged primarily as a result of the collapse of the U.S. housing market, triggering failures in financial firms and the banking system. The resultant stock markets’ crash and need for serious government intervention led to what is known as the “Great Recession”. In 2009, although the idea of digital assets had been theorized in earlier decades, the first cryptocurrency Bitcoin was created by an anonymous individual or group...
