Хураангуй:
This project aims to research cryptocurrency's impact on central banks' decisions and
market effects. Central banks and governments are significant regulators and money
circulation controllers, influencing inflation rates, exchange rates, and interest rates with
one another. Money is a traditional and highly valued item used to create currency. It has
faced many problems, crashes, and impacts, but none as severe as those associated with
cryptocurrency. Bitcoin and other highly valued cryptocurrencies have impacted the US
dollar over the last two years. When a new financial instrument is introduced to the
market, its value and demand affect traditional financial instruments such as forex, stock
exchange, bonds, and futures or options. I sincerely desire to discover the relationship
between cryptocurrency and central banks and their currencies. Initially, cryptocurrency
was introduced as a decentralized currency based on blockchain technology.
