| Summary: | With the emergence of cryptocurrencies, the international money transfer industry is experiencing
significant disruption. This paper aims to explore how cross-border money transfer processes are being
altered by cryptocurrencies, and how these emerging technologies are impacting the global financial
system and related regulations. We review the traditional methods of transferring funds across borders
and contrast them with the new paradigms introduced by cryptocurrencies. The paper discusses the
potential implications for regulators, financial institutions, and end-users, and explores possible future
developments in this rapidly evolving field. The findings of this study will provide valuable insights to
policymakers, financial practitioners, and researchers interested in the intersection of finance and
technology.
|
|---|