An appraisal of ethical issues and the effect of artificial intelligence on the cryptocurrency market
1 Department of Computer Science, Babcock University, Ogun State Nigeria.
2 Department of Information Technology, Babcock University, Ogun State Nigeria.
Research Article
Global Journal of Engineering and Technology Advances, 2022, 11(02), 063–070.
Article DOI: 10.30574/gjeta.2022.11.2.0083
Publication history:
Received on 16 April 2022; revised on 18 May 2022; accepted on 20 May 2022
Abstract:
The world has gradually embraced Cryptocurrency at various levels of capacity and it is not governed or regulated by any Control system. It has over time been used by participants as a means to invest despite the volatility of the market. Though Government does not have the means to outright stop the virtual marketing deals of Cryptocurrency, recently Nigerian government called for deposit money banks to close all corresponding accounts which are perceived to be involved in Cryptocurrency trading. The Crypto market has evolved as the digital and internet world exponentially evolved. Sadly, Cryptocurrency has been misused by illegal participants and exploited wrongly which has caused a lot of worrisome issues around the world like loss of funds, hacking of financial databases, terrorist financing, and identity fraud. This paper aims to identify the methodology surrounding the world of Cryptocurrency and how advancement in technology through artificial intelligence can help solve ethical issues related to cryptocurrency trading. Based on these appraisals, we highlighted procedures to provide a safer, secure, and relatable market for every interested individual.
Keywords:
Artificial Intelligence; Blockchain; Cryptocurrency; Ethical issues; Fiat Money; Volatile
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Copyright © 2022 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0