Cryptocurrency and a decentralized system have the potential to minimize the role of central banks in the global market. Central banks, the traditional keepers of the monetary system, argue that they maintain the financial system during a crisis and stabilize prices. Whereas, champions of cryptocurrency state that central banks are the reason for debilitating recessions. With this argument on one hand, it is also well-known that cryptocurrency comes with its set of drawbacks such as lack of supply and legal status in several countries. In such a scenario, do cryptocurrencies disrupt the existing monetary system? If so, how? To know this and more, have a look at the ppt.

Amala Alex

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