Cryptocurrencies and Blockchain In 4th Industrial Revolution Process: Some Public Recommendations
Dilek Akdoğan Akbaş, Gamze Yıldız Şeren, Osman Geyik · Zenodo (CERN European Organization for Nuclear Research) · 2019
Last revolution of industry history is known as “Industry 4.0” or also known as 4th Industrial Revolution that forms the basis of increasing technology network has emerged as digital technology-based digital revolution. Digitalisation in 4th Industrial Revolution reflected to currency and cryptocurrencies has become a part of today’s world. Blockchain technology as the basis of virtual currency is one of the leading technologies under 4th Industrial Revolution and gradually increases impact range. Bitcoin as a cryptocurrency that introduced blockchain technology to the world can be characterised as the most important financial technology (fintech) innovation of digital age. Income from bitcoin as cryptocurrency are at significant level and risks of using bitcoin in money laundering and financing illegal activities have led countries to apply regulations for cryptocurrencies. This study aims to analyse regulations for cryptocurrencies that gradually increases market cap under 4th Industrial Revolution process.