Cryptocurrency Trading, Investment Behaviour, Regulatory Challenges and Cybersecurity Issues amongst Rajasthan’s Youth

By : Anurodh Godha

Page No: 78-87

Abstract
Understanding the dynamics of cryptocurrency trading, investment behaviour, regulatory challenges, and cybersecurity concerns among the youth in Rajasthan is crucial for developing informed policies and strategies to support and safeguard their participation in this rapidly evolving digital economy. The purpose of this research is to examine the factors that influence the use of cryptocurrencies among young people in the Indian state of Rajasthan by looking at their trading habits, investment habits, cybersecurity, and knowledge of relevant regulations. To better understand people’s beliefs and habits about cryptocurrencies, a survey was conducted with a sample size of 245. This study analysed responses using quantitative and descriptive statistics to help researchers spot patterns and draw conclusions. The results show that young people in Rajasthan engage in various trading and investment behaviours using cryptocurrencies, highlighting the necessity for personalized educational and regulatory methods. Financial and educational resources were found to have a substantial impact on the adoption of cryptocurrency, in another finding from the study. The respondents’ awareness of the regulatory difficulties related with cryptocurrency is particularly noteworthy. It was also discovered that there is a substantial correlation between investors’ estimates of the potential advantages, cybersecurity and hazards of bitcoin investments. In sum, this study adds to our understanding of the state of the bitcoin market among young people in Rajasthan and should prove useful to policymakers, educators, and industry players. This research highlights the significance of encouraging a responsible and well-informed approach to cryptocurrency use and regulation in the region as cryptocurrencies continue to grow in popularity.

Author :
Anurodh Godha
Associate Professor, Department of Commerce, School of Commerce and Management, Director, Regional Centre, Ajmer, Vardhman Mahaveer Open University, Kota, Rajasthan, India.
 

DOI: https://doi.org/10.32381/PROD.2024.65.01.8