2 Years Impact Factor:
2.85
5 Years Impact Factor: 1.53
Author: V. Prasanna Varshini, A Vishnu, G Akhilesh, Mrs K Radha
Abstract:
Finance and technology are rapidly converging, with crypto currencies and artificial intelligence (AI) leading this transformation. Crypto currencies have introduced decentralized transactions, while AI is enhancing decision-making and automating complex processes in finance. India's financial landscape has evolved significantly over the past decade. According to the Reserve Bank of India (RBI), digital payments grew at a compound annual growth rate (CAGR) of over 50% between 2017 and 2022. However, the crypto currency sector has faced regulatory uncertainties. In 2018, RBI imposed a banking ban on crypto transactions, which was overturned by the Supreme Court in 2020. To analyze the potential of AI and crypto currencies in reshaping India’s financial sector, addressing traditional system challenges, and identifying regulatory and technological opportunities.
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