Advanced International Journal for Research

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Cryptocurrency, Sovereignty, and the Rule of Law: A Comparative Analysis of India, the United States, and the European Union

Author(s) Mr. Rajguru Swamynathan
Country India
Abstract The rapid emergence of cryptocurrency is becoming a challenge to the banking sector and is posing a threat to the financial sovereignty of states. As a decentralized and global currency, cryptocurrency is a medium of trade that reduces the ability of governments to control their monetary policy, taxation, and regulatory controls. This paper discusses the legal and regulatory response of India, the United States, and the European Union in terms of the challenges of the introduction of cryptocurrencies. India attempts to cope with it through the introduction of harsh taxes and cautious regulations. Instead, the United States is viewing cryptocurrency as an innovation-driven system that is immensely dependent on the decision of courts. Instead, the European Union has adopted an integrated legislative paradigm with the Markets in Crypto-Assets Regulation (MiCA) an indication of a joint ownership of sovereignty and the rule of law. The comparative analysis demonstrates that these strategies present different ideologies of governance but come to a compromise on the need to bring innovations to harmonize with the sovereign power. The paper argues that Central Bank Digital Currencies (CBDCs) are a viable sovereign problem, as it gives countries an option to reassert monetary sovereignty without undermining the principles of transparency, predictability, and the rule of law.
Keywords Cryptocurrency, Financial sovereignty, Decentralization, Monetary policy
Field Sociology > Administration / Law / Management
Published In Volume 6, Issue 5, September-October 2025
Published On 2025-10-24
DOI https://doi.org/10.63363/aijfr.2025.v06i05.1445
Short DOI https://doi.org/g9742p
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