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This is a Literature Review study.

A Study on Blockchain and Banking Opportunities, Challenges and Regulations

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Analysis reveals blockchain enhances financial transactions in banking, suggesting a need for regulatory frameworks.

Blockchain enhances efficiency in banking processes, especially in cross-border payments and fraud prevention.
Adoption by major banks aims to reduce costs and improve trust, yet scalability issues present challenges.
Regulatory uncertainties regarding compliance hinder full-scale blockchain deployment in the financial sector.
Innovative approaches like central bank digital currencies could balance innovation with consumer protection.

N. Alamelu Mangai (2025) studied this question.

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