STOCK MARKET ANALYSIS OF ELECTRONIC FINANCIAL MARKETS AND ADOPTION OF CRYPTOCURRENCIES, BLOCKCHAIN APPLICATIONS OF THE ECUADORIAN FINANCIAL SYSTEM AND ITS LEGISLATIONN
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Abstract
The present work of carrying out a Stock Market Analysis of the Financial Markets for the Adoption of Cryptocurrencies and Blockchain Applications in the Ecuadorian Financial System, which will allow to have an overview of the situation in which the population finds itself with respect to the use and knowledge of cryptocurrencies and the investments that can be made with them. The research was carried out through the application of surveys and interviews aimed at users of the financial system and managers of banks and cooperatives who could make a judgment based on their experience and knowledge in finance. As a result of them, it was determined that the Ecuadorian population does not have the necessary knowledge to be able to start using cryptocurrencies on a daily basis, and that users of the financial system are accustomed to traditional financial culture, so it would require a change and update at the technological level as well. The proposal contains information on the most used cryptocurrencies and the suggestion of which would be the best cryptocurrency to adopt when the society was ready for it, with the necessary reasons and justifications on the decision taken. Therefore, the present research work may serve as a foundation for possible future research to be carried out further so that this transition can be developed in a successful manner and at the right time.
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References
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