• Benjamin Jones Abraham
• Dr. Ramamurthi. K

With the enormous global rise in computer and Internet based commercial activities so has the need for computer and Internet based currency system. The advancement in digital mining and cryptography has evolved to what is now popularly known as Cryptocurrency. Matter of fact, cryptocurrencies are neither issued by any country nor by any International banking authority. They are decentralised, non regulated and are not backed by any asset. Which means that trading on them is completely speculative in nature. It is these characteristics of cryptocurrency that set them as the biggest threat to International monetary system. On one side , It is true that cryptocurrencies are a true sign of achievement in digital payment system, however on the other side, they might just turn out to be one of the biggest financial fraud of all time. Many believed it to be the new gold and some compared the surge in value to tulip rush. In any case the value of Bitcoin and other cryptocurrencies such as Litecoin or Ether have witnessed an economic bubble, where the value of the asset has increased without much fundamental appreciation. In this paper titled ‘Cryptocurrency – The fallacy of new age Monetary System’ , the author tries to analyse the fallacy of cryptocurrency as global payment system

Monetary System, Cryptocurrency

"‘Cryptocurrency – The fallacy of new age Monetary System’", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 8, page no.1012-1019, August-2018, Available :http://www.jetir.org/papers/JETIR1808630.pdf

"‘Cryptocurrency – The fallacy of new age Monetary System’", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 8, page no. pp1012-1019, August-2018, Available at : http://www.jetir.org/papers/JETIR1808630.pdf