stdClass Object
(
    [id] => 16529
    [paper_index] => 202506-01-022388
    [title] => IMPACT OF CRYPTOCURRENCY ON TRADITIONAL BANKING IN INDIA
    [description] => 
    [author] => Anjali, Dr. Anupama K. Malagi
    [googlescholar] => 
    [doi] => https://doi.org/10.36713/epra22388
    [year] => 2025
    [month] => June
    [volume] => 11
    [issue] => 6
    [file] => fm/jpanel/upload/2025/June/202506-01-022388.pdf
    [abstract] => The advent of cryptocurrency has unleashed a tsunami in the global financial system, and the impact on traditional banking systems, particularly in India, has been nothing short of revolutionary. Effect of cryptocurrency on traditional banking in relation to India(04) Cryptocurrency comprises of non-regulated digital or virtual currency systems that use cryptography as a security process to verify and secure transactions along with the creation of additional units of the currency. Cryptocurrencies are based on the blockchain and are decentralized, serving as an alternative to traditional banking systems due to how it allows for faster, cheaper, and borderless transactions. This threatens traditional banking services, such as remittances, payments and lending.
Speculation Points to Continued Growth in the Indian cryptocurrency industry floundered in the face of regulatory uncertainty, but it has still grown exponentially, as tech-savvy people and businesses adopt cryptocurrencies. Within this context, the study analyzes responses of traditional banks, which range from adopting blockchain technology and enhancing digital offerings to address competition from fintech companies. It also examines any regulatory policies implemented by the Reserve Bank of India (RBI) and the repercussions those policies have on the peaceful coexistence of cryptocurrency and traditional banking.
The paper seeks to delve into potential collaboration and integrate between cryptos and conventional banking in India via a combination of qualitative and quantitative research methods while underlining the necessity of balanced regulation that encourages innovation, all while upholding financial stability. And the research ends with policy recommendations that would allow India’s banking sector adapt to digital currency as it evolves.

    [keywords] => Cryptocurrency, Traditional Banking, Financial Innovation
    [doj] => 2025-06-13
    [hit] => 
    [status] => 
    [award_status] => P
    [orderr] => 82
    [journal_id] => 1
    [googlesearch_link] => 
    [edit_on] => 
    [is_status] => 1
    [journalname] => EPRA International Journal of Multidisciplinary Research (IJMR)
    [short_code] => IJMR
    [eissn] =>  2455-3662 (Online)
    [pissn] => - --
    [home_page_wrapper] => images/products_image/11.IJMR.png
)
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