The Comprehensive Economic Impact of Digital Currencies on Local Markets: Implications for Trade, Finance, and Competitiveness

Abstract

This study explores the economic effects of digital currencies on local markets in developing countries. By analyzing case studies of digital currency adoption, the research identifies potential benefits such as increased financial inclusion and reduced transaction costs, as well as challenges related to regulatory frameworks and consumer trust. The findings call for comprehensive policies that support the safe and effective integration of digital currencies into local economies.