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Journal articles on the topic 'Cryptocurrency'
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1
Mythili, D., M. Ganeshwari, Suleiman Ibrahim Mohammad, B. Merceline Anitha, D. Divya, and Asokan Vasudevan. "An Empirical Study on Investor Awareness and the Impact of Cryptocurrency." International Review of Management and Marketing 15, no. 2 (February 15, 2025): 406–15. https://doi.org/10.32479/irmm.18545.
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Crypto-tech is a technology secured by cryptography, which enables the exchange of data and facilitates duplicated and distributed transactions across the entire network of computer systems on the blockchain. This paper aims to study cryptocurrency’s Awareness, perception, and impact among investors with special reference to Coimbatore city. This study will help provide baseline information on the factors influencing investors in cryptocurrency investing. The study found that cryptocurrency is likely to become the next financial platform due to the large amount of cryptocurrency flows in different systems, the huge increase and growth in cryptocurrency consumption and production, and the opportunities that cryptocurrency systems offer. And the level of awareness and preference in the use of cryptocurrency is moderate. However, investors are not yet fully aware of the dangers of using cryptocurrencies. Many cryptocurrency forms do not yet qualify for that level of trust. Investors should take extra precautionary measures when using cryptocurrency until it is well maintained. The future of the cryptocurrency concept is bright as there are many opportunities for positive change and progress in the e-business and e-payment sectors. As technology advances rapidly, cryptocurrency development continues.
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NGWAKWE, COLLINS. "DIGITAL CURRENCY: A CONCEPTUAL FRAMEWORK OF PERFORMANCE." Journal of Engineering Studies and Research 28, no. 4 (February 9, 2023): 78–85. http://dx.doi.org/10.29081/jesr.v28i4.009.
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This paper explores and elucidates the concept of Cryptocurrency. It contributes a framework of digital money and also provides an analysis of the price range, which influences Cryptocurrency volume and market capitalisation. Findings from the OLS analysis show that the low price genre influences the volume and market capitalization of Cryptocurreny. Based on the results, the paper develops a price, volume and market capitalization framework for Cryptocurrency. The findings provide a practical and conceptual contribution for investors and future researchers on the concept of digital currency.
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Kamis, Nur Syaedah, and Norazlina Abd. Wahab. "ANALYSING THE LOOPHOLES ON ESTATE ADMINISTRATION OF CRYPTOCURRENCY IN MALAYSIA." International Journal of Islamic Business 7, no. 2 (December 31, 2022): 65–77. http://dx.doi.org/10.32890/ijib2022.7.2.5.
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The recognition of cryptocurrency as digital assets in Malaysia under the purview of security governed by the Securities Commission of Malaysia contributed to cryptocurrency's positive acceptance, with evidence that the number of cryptocurrency users is growing. Nonetheless, due to the unique characteristics of cryptocurrency, the lack of legal regulation on cryptocurrency inheritance will have an impact on crypto estate administration. Apparently, the law on cryptocurrency in Malaysia is still in its infancy, and the existing issue of frozen estate in Malaysia, which is constantly increasing, prompted the researchers to investigate potential loopholes in cryptocurrency estate administration from a legal and shariah standpoint. The study conducts content analysis by examining the relevant statutories, such as “the Probate and Administration Act 1959, the Capital Market Service Act 1997, the Capital Market and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019, Shariah Resolutions and Fatwas in Malaysia”, other literatures related to cryptocurrency estate administration. As a result, there are legal loopholes in cryptocurrency estate administration in Malaysia that prevent cryptocurrency from being inherited by the entitled beneficiary. The issue of cryptocurrency inheritance may arise in the near future; thus, this study provides policy implications to the Malaysian regulators to solve the highlighted lacuna as well as social implications to the Malaysian society to consider cryptocurrency in their inheritance planning.
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Ruru, Bacelius, I. Nyoman Tjager, Amalia Mayasari, Agradinda Adhistita, M. Raffi Hasta A., and August Santro. "The Impact of Crypto-Asset Utilization as Payment Instrument toward Rupiah as Legal Tender in Indonesia." Journal of Central Banking Law and Institutions 1, no. 1 (December 28, 2021): 141–80. http://dx.doi.org/10.21098/jcli.v1i1.6.
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The utilization of Cryptocurrency increased across the globe. This phenomenon has led to varied responses from countries concerning whether this new phenomenon will affect the national monetary policy. As one of the countries where Cryptocurrency usage has flourished, Indonesia has reacted to its utilization. To this day, Indonesia has clearly stated that CryptoAsset (referring to Cryptocurrency) is considered as a tradable commodity, but not as a payment instrument. However, this policy does have not decreased the utilization of Cryptocurrency in Indonesia, proven by its market capitalization which has kept increasing over the years.This article thoroughly discusses Cryptocurrency utilization as a payment instrument, and how it will affect the legal tender (The Rupiah) in Indonesia. This article also analyzes the extent to which Cryptocurrency will affect the payment systems in Indonesia and how Bank of Indonesia will counter the Cryptocurrency’s utilization as a payment instrument within Indonesia’s jurisdiction.
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YUSOF, Hayati, Zulnurhaini ZOLKAPLY, and Muhammad Ashraf ANUAR. "Are the Young Investors Ready for Cryptocurrency Investments in Malaysia?" Eurasia Proceedings of Science Technology Engineering and Mathematics 22 (August 30, 2023): 391–402. http://dx.doi.org/10.55549/epstem.1351027.
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Cryptocurrency or the virtual currency is the latest development in investment. It is a medium to exchange goods and services for virtual payments, an alternative diversification tool for investors and it features an attractive store of value for wealth creation. There was an attempt to urge the Malaysian authority to legalise cryptocurrency recently in order to attract the youth’s involvement in it. Even though there was an overwhelming interest detected among the country’s young investors, these groups have held back their interest due to the fear of the cryptocurrency’s unknown and vague territories. To date, cryptocurrency studies involving developing countries like Malaysia are still lacking as most past studies were conducted in developed countries. This research is undertaken to examine the interest and awareness of private undergraduate students on cryptocurrency’s potentials as virtual money and wealth creation. Based on the analysis conducted, about more than half of the potential investors admitted that they had little knowledge of the virtual currency despite the high probability of them showing interests to make cryptocurrency investments once they graduated or started working. These potential investors also believe that cryptocurrency investments help to improve the effectiveness, profitability and the value of their monetary investments. The contribution of this quantitative research lies in the youngsters’ perceptions of their perceived value and perceived risk (Consumer Behaviour Theory) towards their intention to adopt cryptocurrency. Apart from educating the youth about the virtual currency, this research seeks more regulators’ attentions in managing cryptocurrency developments and its transparency in Malaysia
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Bidyuk, Petro, Olena Gavrilenko, and Mykhailo Myagkyi. "The algorithm for predicting the cryptocurrency rate taking into account the influence of posts of a group of famous people in social networks." System research and information technologies, no. 2 (June 30, 2023): 22–34. http://dx.doi.org/10.20535/srit.2308-8893.2023.2.02.
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This article presents an algorithm for predicting the rate of a selected cryptocurrency, taking into account the posts of a group of famous people in a particular social network. The celebrities chosen as experts, i.e., famous personalities whose posts on social networks were studied, are either familiar with the financial industry, particularly the cryptocurrency market, or some cryptocurrency. The dataset used was the actual rates of the cryptocurrency in question for the selected period and the statistics of expert posts in the selected social network. The study used methods such as the full probability formula and the Bayesian formula. It was found that posts by famous people on social media differently affected cryptocurrency rates. The “main” expert was identified, and his posts were used to forecast the selected cryptocurrency’s rate.
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Tauda, Gunawan A., Andy Omara, and Gioia Arnone. "Cryptocurrency: Highlighting the Approach, Regulations, and Protection in Indonesia and European Union." BESTUUR 11, no. 1 (August) (April 12, 2023): 1. http://dx.doi.org/10.20961/bestuur.v11i1.67125.
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<div><table cellspacing="0" cellpadding="0" align="left"><tbody><tr><td align="left" valign="top"><p class="Copyright">The speed of the adoption and use of cryptocurrency that utilizes blockchain technology as its central infrastructure is expanding globally, including in Indonesia. It has promising prospects as a future asset and payment instrument. However, the regulations in Indonesia are often delayed and inadequate for dealing with cryptocurrency's developments. This research is intended to analyze the approaches, regulations, and protection of the use of cryptocurrency. This study argues that the regulatory approach to using cryptocurrency is balanced, while Indonesia has a partial status in cryptocurrency legality. The government’s protection of cryptocurrency investors is adequate in using cryptocurrency as a commodity traded on futures exchanges with a license from <em>Bappebti</em>. A progressive policy for establishing the Digital Asset Law by the government is important due to the resultant clarity in the regulatory status of cryptocurrency will allow the ecosystem to grow and promote innovation, thus harnessing the benefits of cryptocurrency while mitigating related risks.</p></td></tr></tbody></table></div>
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Borzenko, O. O., and A. B. Hlazova. "Cryptocurrency as a secondary form of manifestation of finance virtualization." Bulletin of the Karaganda university Economy series 102, no. 2 (June 30, 2021): 56–66. http://dx.doi.org/10.31489/2021ec2/56-66.
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Object: Object of the paper is to develop theoretical principles that reveal the content, functions and role of cryptocurrency as new, quite controversial means of settlements appeared in digital society. Cryptocurrency is studied as a secondary form of finance virtualization. The investigation is directed on cryptocurrency’s theoretical and practical aspects of functioning.Methods: The investigation used statistical and economic-mathematical methods to analyze the current trend of development in bank and non-bank payment systems. The authors collected data about legal status of cryptocurrencies, then the obtained data was analyzed according to its official status in developed and developing countries.Findings: It was found that the biggest non-bank electronic payment system PayPal, as a secondary form of virtualization manifestation it currently shows higher growth of rate than the biggest bank card payment system — VISA. The position of cryptocurrencies in National Legal Systems of developed and developing countries was collected and analyzed, according to its legal status. The possible risks and controversial questions of cryptocurrency’s influence on price stability, stability of payment and financial systems are determined.Conclusions: Emergence of cryptocurrency in modern society is the evidence of global digitalization. Virtualization in its primary and secondary manifestation form affects financial sector. Secondary form of virtualization results in non-bank sector development, namely non-bank electronic payment systems (e.g., PayPal) and non-institutional digital schemes of settlements (cryptocurrency). Developed countries are mostly more progressive in cryptocurrency regulation than developing countries. In the case of global cryptocurrency spreading wide there are some risks national economies may face. They include the problem of price stability, the stability of the financial system, the stability of payment systems. Generally, the authors substantiate the requirement for search of the complete definition of cryptocurrency that may be integrated into national legal system for further regulation and risks controlling.
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Naz, Samina. "Examining the Adoptability of Cryptocurrency in the Islamic Financial System: Perspectives from Sharīʿah Scholars." Journal of King Abdulaziz University: Islamic Economics 37, no. 2 (September 18, 2024): 75–98. https://doi.org/10.4197/islec.37-2.4.
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This study explores the adoptability of cryptocurrency within the Islamicfinancial system, a topic of substantial debate among scholars and practitioners. Given thedecentralized nature of cryptocurrency, its acceptance within the conventional and Islamicfinancial systems presents unique challenges. To ascertain the legitimacy and possibleadoptability of cryptocurrency under Sharīʿah law, this paper employs qualitative researchmethods, using in-depth interviews of twenty-four Sharīʿah scholars. These scholars,selected through purposive and snowball sampling techniques, possess expert knowledgeof both cryptocurrency and the Islamic financial system. The results revealed that theacceptability of cryptocurrency in Sharīʿah-compliant financial systems is contingent onits centralization and its function as a store of value, aligning with the objectives (maqasid)of Sharīʿah. Cryptocurrency's lack of intrinsic value necessitates its backing by a centralauthority or asset to mitigate risks and potential fraud. This research offers valuableinsights into the considerations required for cryptocurrencies' adoption in Islamic finance,contributing to the ongoing debate on their legitimacy under Sharīʿah law.
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Pronina, N. A., and A. V. Buyanov. "PLACE OF CRYPTOCURRENCY IN THE SYSTEM OF CIVIL RIGHTS." Russian-Asian Legal Journal, no. 2 (July 6, 2020): 64–68. http://dx.doi.org/10.14258/ralj(2020)2.8.
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In the context of digitalization, the issues of determining the legal regulation of matters related to theuse of cryptocurrencies are naturally becoming increasingly relevant. The qualification of cryptocurrencyas an object of civil rights is one of the most important aspects of the legal regime of cryptocurrency. Theneed for high-quality development and registration of the legal regime of cryptocurrency, incorporationof this phenomenon into the legal system of the Russian Federation requires a detailed study of theissues of determining the place of cryptocurrency in the system of civil rights, attributing legal signs ofproperty or property rights to it, or, conversely, postulating and consolidating its fundamental identityand individuality. Analysis of the latest legal initiatives leads us to conclude that the legal regulation isinconsistent and ambiguous. Meanwhile, the courts repeatedly faced the proceedings and resolutions ofissues of cryptocurrency circulation, in particular in contractual disputes and bankruptcy disputes, whichpredetermined a certain judicial community approach to the concept of cryptocurrency and it’s qualificationsas an independent object of civil rights
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Hou, Ruhan. "BTC, ETH and Dogecoin Price Prediction Based on OLS, Random Forest and XGBoost." BCP Business & Management 38 (March 2, 2023): 3329–36. http://dx.doi.org/10.54691/bcpbm.v38i.4293.
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In recent years, the digital world is fast speeding developed from decentralised concept to blockchain, then to cryptocurrency. Especially, cryptocurrency is a popular trending in recent decades that attracts different experts from various field. Its high volatility has been attracted plenty of investors while also brings the difficulty for realizing the price forecasting. On this basis, this study uses public cryptocurrency dataset and three analytical models to predict the direction of cryptocurrency’s price. To be specific, three underlying assets covering large proportion in cryptocurrency are selected, i.e., Bitcoin, Ethereum and Dogecoin. According to the analysis, the prediction results of different models and approaches will be presented. At the end of study, it gains that the optional model with appropriate hyperparameters based on the judgement of metrics values, which offers relevant suggestions for future works. These results shed light on guiding further exploration of cryptocurrency price prediction in terms the state-of-art machine learning scenarios.
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Agustin, Noel B., Norgee Parreno, Bernardo Jeffrey Morante, and Richard Dadan. "Effects of Cryptocurrency Vulnerabilities on the International Trading Arena." European Modern Studies Journal 8, no. 1 (March 19, 2024): 269–81. http://dx.doi.org/10.59573/emsj.8(1).2024.24.
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Cryptocurrency is a digital asset designed to work as a medium of exchange. It uses cryptography to secure and verify transactions as well as control the creation of new units of a particular cryptocurrency. Cryptocurrency has become increasingly popular in recent years, with many people investing in it as an alternative to traditional forms of currency. Despite being a secured form of digital currency, it is not perfect and can be subject to illegal activities by cyber criminals.
This research adapted a descriptive design under quantitative using survey as its method. The data from the survey were analyzed to generate an in-depth understanding on the impact of cryptocurrency’s vulnerabilities on international trading.
The researchers collected data to analyze the effects of cryptocurrency on international trading and its vulnerabilities’ impact on the use of the digital currency. This research paper will benefit users of cryptocurrency, the government agencies and policy makers in creating a safer interface for digital currency platforms and lastly, for researchers who will use this paper as basis for further study on the topic of cryptocurrency and international trade.
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Abdurohim, Abdurohim, and Mohamad Irfan. "CRYPTOCURRENCY DAN STABILITAS SISTEM KEUANGAN: TINJAUAN LITERATUR DAMPAK, PELUANG, DAN TANTANGAN REGULASI." Portofolio: Jurnal Ekonomi, Bisnis, Manajemen, dan Akuntansi 21, no. 2 (January 7, 2025): 64–94. https://doi.org/10.26874/portofolio.v21i2.696.
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Cryptocurrency has become a transformative element in modern financial systems, presenting significant opportunities and risks to systemic stability. Its rapid adoption, driven by blockchain technology, demonstrates potential for enhancing transparency and efficiency. However, challenges such as price volatility, regulatory gaps, and cybersecurity threats persist as critical concerns. This study addresses the dual role of cryptocurrency in fostering innovation while posing risks to global financial stability. Employing a systematic literature review, it analyzes academic articles from leading databases, including Scopus and Web of Science, focusing on recent studies (2018–2023) examining the security, regulation, and ethical dimensions of cryptocurrency and blockchain technology. Findings highlight cryptocurrency’s potential to improve financial inclusion and operational efficiency but underscore significant risks due to price instability and inadequate regulatory frameworks. Blockchain technology offers improved security and accountability; however, effective integration requires adaptive regulations and international cooperation. This study contributes by synthesizing insights into cryptocurrency’s systemic implications, bridging gaps in understanding the intersection of technology, regulation, and stability. It provides actionable recommendations for policymakers, financial institutions, and academics to develop balanced regulatory frameworks that support innovation while safeguarding consumer interests and financial stability. Holistic regulatory approaches, strengthened cybersecurity, and cross-sector collaboration are imperative for responsible cryptocurrency integration into global financial ecosystems.
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Maha Rani, Dewanti Arya, I. Nyoman Gede Sugiartha, and Ni Made Sukaryati Karma. "Uang Virtual (Cryptocurrency) Sebagai Sarana Tindak Pidana Pencucian Uang dalam Perdagangan Saham." Jurnal Konstruksi Hukum 2, no. 1 (March 1, 2021): 19–23. http://dx.doi.org/10.22225/jkh.2.1.2961.19-23.
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The continuation of the electronic media that is widely discussed today is virtual money, commonly known as cryptocurrency. Cryptocurrency can also be referred to as an unformed commercial object; actually in digital form which can be used in electronic transactions. This study aims to analyze the existence of virtual money (cryptocurrency) in stock trading in Indonesia and to find out the responsibilities of money laundering offenders who use virtual money (cryptocurrency) in stock trading. The research method used is normative legal research. The results show that the existence of virtual money (cryptocurrency) in stock trading in Indonesia when used as currency unification, transact, trade or as a means of payment with businesses in this case, especially stock trading in Indonesia can be said to be invalid in terms of Law Number 7. 2011 concerning Currency. Users of virtual money (cryptocurrency) in Indonesia are quite widely used in business, which can be seen in Indonesia itself that virtual money (cryptocurreny) such as Bitcoin and Centcoin are circulating. Then, the responsibility of the perpetrators of money laundering who use virtual money (Cryptocurrency) in stock trading, where this action has a very negative impact on the Indonesian State, especially in terms of business because people who have committed these crimes take advantage of technological advances unwise so that the perpetrators can be ensnared based on Law No. 8 of 2010 concerning the prevention and eradication of the crime of money laundering.
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Diana Darmayanti Putong. "Legal Review of Cryptocurrency as A New Method in The Crime of Money Laundering." International Journal of Information Technology and Education 1, no. 4 (September 30, 2022): 35–39. http://dx.doi.org/10.62711/ijite.v1i4.74.
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The continuation of the electronic media that is widely discussed today is virtual money, commonly known as cryptocurrency. Cryptocurrency can also be referred to as an unformed commercial object; actually in digital form which can be used in electronic transactions. This study aims to analyze the existence of virtual money (cryptocurrency) in stock trading in Indonesia and to find out the responsibilities of money laundering offenders who use virtual money (cryptocurrency) in stock trading. The research method used is normative legal research. The results show that the existence of virtual money (cryptocurrency) in stock trading in Indonesia when used as currency unification, transact, trade or as a means of payment with businesses in this case, especially stock trading in Indonesia can be said to be invalid in terms of Law Number 7. 2011 concerning Currency. Users of virtual money (cryptocurrency) in Indonesia are quite widely used in business, which can be seen in Indonesia itself that virtual money (cryptocurreny) such as Bitcoin and Centcoin are circulating. Then, the responsibility of the perpetrators of money laundering who use virtual money (Cryptocurrency) in stock trading, where this action has a very negative impact on the Indonesian State, especially in terms of business because people who have committed these crimes take advantage of technological advances unwise so that the perpetrators can be ensnared based on Law No. 8 of 2010 concerning the prevention and eradication of the crime of money laundering
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Maduranga, H. A. C. P., ,. Bandara H.M.C., Nipuna Ravishka E.A, Ranjitha H.D.K. 1, and L. D. A. D. Dissanayake. "Study on the Behavioral Intention to use Cryptocurrency Market among Non-State University Students in Sri Lanka." SLIIT Business Review 02, no. 01 (June 1, 2022): 89–110. http://dx.doi.org/10.54389/kqzv9932.
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The rise of cryptocurrency in the modern digital economy is relatively new and evolving rapidly. Due to the intricate structure and insufficient knowledge about cryptocurrencies, it's use is limited to industrialized countries. The study consists of four independent variables: awareness, trust, ease of use, and risk. The dependent variable is cryptocurrency behavioral intention. A survey of 380 undergraduates is undertaken to get information on respondents' perceptions of cryptocurrency's attributes and their intention to invest in it in the future. Pearson Correlation analysis is being utilized to study the relationship between awareness, trust, ease of use, risk, and behavioral intention of cryptocurrencies as the major purpose. The dependent variable and Cryptocurrency Factors have a positive relationship, with a 0.01 level of significance for correlation. We adopted snowball sampling technique as the survey's sample design based on survey's results. Furthermore, the data is analyzed for reliability and validity using AMOS statistical software. Two of the four hypotheses were not supported while the other two were significantly supported. The study's findings enhance to undergraduates' potential investment opportunities in cryptocurrency and validate the level of accuracy of cryptocurrency knowledge among undergraduates in developing countries. By studying human behavior, researchers can better predict the prospects for future cryptocurrency adoption and success.
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Gill, Atif Ali, Babar Ali, and Khadija Rafia Kazmi. "BOON OR A BANE: A QUALITATIVE STUDY TO EXPLORE THE CRYPTOCURRENCY AFFECT THE TRADITIONAL FINANCIAL SYSTEM IN A DEVELOPING ECONOMY." Pakistan Journal of Social Research 04, no. 03 (September 30, 2022): 357–64. http://dx.doi.org/10.52567/pjsr.v4i03.724.
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Cryptocurrency is the top trend of the current era. It gained popularity quickly because of its advantages, such as cost-effectiveness, convenience, and secure medium of exchange. However, it suffers from the problem of money laundering, the mining process, and the outflow of the dollar. The current study aims to find cryptocurrency’s impact on the traditional financial system. For this purpose, the current research conducted interviews with ten different persons that know the use of cryptocurrency. After making different themes from transcribed data, NVivo software is used to analyze with the help of Word Tag Cloud, Word Tree Map, and Hierarchy Chart of the Word Tree. This study finds that cryptocurrency can be beneficial for the traditional financial system in case of its centralization under proper legislation to avoid money laundering and outflow of the dollar because it is more convenient, cost-effective, and secure than a traditional transaction system. Keywords: Cryptocurrency, medium of exchange, family food environment, family mealtimes, thematic analysis, Covid-19 pandemic, Pakistan
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Valastro, Lauren. "Did the Superbowl Ad Curse Heighten Defined Contribution Plan Fiduciary Duties?: Deciphering the Legal and Ethical Landscape of Cryptocurrency Options in 401(k)s." University of Michigan Journal of Law Reform, no. 57.1 (2024): 109. http://dx.doi.org/10.36646/mjlr.57.1.did.
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Regulating cryptocurrency’s place in America’s most popular retirement savings vehicle generates thorny legal, ethical, and social justice dilemmas. Too little regulation could hurt those at highest risk of underfunded retirement. Too much could exacerbate existing racial, ethnic, and gender inequities. Though recent regulatory efforts suggest 401(k) administrators violate their fiduciary duty of care by offering cryptocurrency investment options to plan participants, the established fiduciary regime protects 401(k) plan participants from cryptocurrency risk while respecting their savings preferences. Yet, the current framework falls short of ethically and equitably serving all plan participants, particularly members of underserved communities— a problem largely unaddressed in academic, industry, or regulatory discourse. This Article demonstrates how regulators’ needlessly paternalistic approach toward cryptocurrency options could disproportionately impact minority retirement savings participation. Applying the existing fiduciary framework and practical mechanisms that plan fiduciaries currently use would minimize cryptocurrency risk to participants without rewriting the rules governing plan administration. This Article also proposes a novel, scientifically supported method by which fiduciaries should convey retirement planning information to improve retirement outcomes for all: via non-traditional media.
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Amany, Ashilla Nadiya, Francinita Putri, and Bima Cinintya Pratama. "Risks of Cryptocurrency Investment from the Perspective of Sharia Economic Law." Proceedings Series on Social Sciences & Humanities 7 (August 24, 2022): 1–8. http://dx.doi.org/10.30595/pssh.v7i.465.
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Money is a medium of exchange used to pay for goods or services. However, over time, the function of money evolved so that it could be used as a unit of account and a store of value. The development of the digital era provides economic convenience, resulting in a change in the use of money, one of which is the emergence of crypto or cryptocurrency investments that are used as digital currencies. Because there is no official permit from the government or state financial institutions, the existence of cryptocurrency investment in Indonesia is still questionable. So there is a high enough risk to invest there, such as if the investor loses money when the cryptocurrency's price falls. The methodology employed in this study is descriptive, with a qualitative approach. To evaluate the risk of cryptocurrency investment through the lens of Islamic economics.
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GONAK, Igor. "ECONOMIC ASPECTS OF CRYPTOCURRENCY MINING." WORLD OF FINANCE, no. 2(71) (2022): 43–56. http://dx.doi.org/10.35774/sf2022.02.043.
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Introduction. Economic development of Ukraine in the third decade of the 21st century largely depends on the development of digital technologies, on which the cryptocurrency business directly depends. According to the Index proposed by chainalysis.com, Ukraine is one of the leaders in the world and the undisputed leader in Europe in the adoption of cryptocurrencies. This became possible thanks to the active development of financial and information technologies in Ukraine, and the financial, economic and military-political crises only give additional impetus to the development of the cryptocurrency business due to its global nature and full or indirect independence from attempts at state regulation. One of the areas of cryptocurrency business development is cryptocurrency mining. The purpose of the article is to reveal the algorithm of conducting business in the field of cryptocurrency mining and the economic efficiency of mining in Ukraine and the possibility of its impact on economic growth in the country. Results. Cryptocurrency mining is the process of creating cryptocurrency coins. It has been investigated that the cryptocurrency mining process is not a financial pyramid or some kind of virtual game, but is one of the newest types of business activity, which requires significant theoretical and practical economic and technical knowledge, is economically expedient both in the short and long term. When mining, you can use a variety of computer equipment, depending on the miner’s economic tasks and desired results. ASIC equipment has been developed for mining on an industrial scale. Cloud mining is used for investing. If there is no knowledge about mining and limited financial resources, you should use browser mining or mine on your own PC, laptop or smartphone. However, the most efficient and widespread mining takes place on video cards. It was found to be a by-product of mining. It is estimated that there is a slight correlation between the earnings of miners on the Ethermine mining pool and the daily mining profit. Conclusions. Although the history of cryptocurrency business is only one and a half decades, mining, as an object of business activity in Ukraine, is a significant economically effective type of business activity, which is noted in the world rating of the perception of cryptocurrencies, according to which Ukraine is one of the world leaders. Attempts to implement legal regulation of cryptocurrency mining both in Ukraine and in other countries, and its gradual implementation do not significantly harm the creation, distribution and use of cryptocurrency coins, however, will create transformed conditions for the economic attractiveness of cryptocurrency mining as business objects.
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Eogenie Lakilaki, Windy Permata Suyono, Angger Hidayat, Nur Jumriantunnisah, and Febri Pramudya Wardani. "The Potential Economic Impacts of Cryptocurrency in Indonesia: A Systematic Literature Review." Jurnal Semesta Ilmu Manajemen dan Ekonomi 1, no. 3 (March 7, 2025): 250–70. https://doi.org/10.71417/j-sime.v1i3.268.
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Cryptocurrency emergence poses significant challenges and opportunities for Indonesia's economy, yet comprehensive understanding of its economic impacts remains limited. This study employs a systematic literature review to analyze cryptocurrency's potential economic implications in Indonesia by examining stakeholder expectations, regulatory frameworks, and economic impacts. The research extracted and synthesized findings from ten studies using qualitative, empirical economic, and regulatory analysis methodologies. Results reveal a regulatory dichotomy between Bank Indonesia's stability-focused approach and the Ministry of Trade's growth-oriented perspective, creating market uncertainty. Cryptocurrency positively impacts banking stock prices, payment system efficiency, and investment opportunities, while raising concerns about volatility, monetary control, and cybersecurity. Stakeholder expectations vary across banking, fintech, regulatory, and investor groups, highlighting the need for balanced regulatory approaches that foster innovation while addressing systemic risks. This research contributes valuable insights for developing comprehensive cryptocurrency policies that maximize economic benefits while maintaining financial stability.
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Tesař, Petr. "Cryptocurrency." Acta Informatica Pragensia 7, no. 2 (December 31, 2018): 166–67. http://dx.doi.org/10.18267/j.aip.121.
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Misra, Siddharth, Vishal Kashyap, Poonacha K.B., Arjun Mukund, and Parameshwar H.S. "CryptoCurrency." International Journal of Information Systems and Social Change 11, no. 2 (April 2020): 24–40. http://dx.doi.org/10.4018/ijissc.2020040103.
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The study looks at the benefits and usage of cryptocurrency as it seeks to compete with and also replace traditional currency. Despite many nations classifying cryptocurrency as a threat and confirming it to be an illegal tender, mostly due to the disruption providing little or no advantage to the government bodies, many private organisations are now taking up cryptocurrency as a legally acceptable method of payment in various sectors from education, travel, wealth management and even traditional practices like targeting of customers and advertising. Cryptocurrency may be temporary, as long as the process of obtaining, safeguarding, and storing it in the Blockchain remains tedious and an extremely confusing process and the governments of nations are not going to accept the currency as a legal tender, as long as they get no benefit with it and as long as usage of the Bitcoin is linked heavily with payments for drugs and weapons. However, the usage in the legal markets may also show a marked increase.
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Milutinović, Monia. "Cryptocurrency." Ekonomika 64, no. 1 (2018): 105–22. http://dx.doi.org/10.5937/ekonomika1801105m.
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ÖZYEŞİL, MUSTAFA, and MOHAMMAD AL-TARIFI. "MERGE OF THE TECHNİCAL ANALYSİS TYPES GİVES THE BEST RESULTS İN CRYPTOCURRENCY MARKET." IEDSR Association 6, no. 14 (July 26, 2021): 89–97. http://dx.doi.org/10.46872/pj.312.
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Cryptocurrencies are a modern kind of financial instrument (Hudson & Urquhart, 2019), the first cryptocurrency is Bitcoin , proposed by who called Satoushi Nakamato (2008), as The open source was created on the proof-of-concept principle that transactions can be securely treated on a decentralized peer to peer network without the need for a central clearinghouse, which appeared 2009 ( Heid, 2013). The success of the bitcoin blazes a trail to what called ‘Altcoin” this expression means all the cryptocurrencies that set in motion after the victory of the bitcoin, these coins sell themselves as the best alternatives for the bitcoin (FRANKENFIELD, 2020) . There are many types for the altcoin. The third type of the cryptocurrency is called Tokens Unlike Bitcoin and Altcoins, tokens are not able to activate independently and are dependent on the grid of another cryptocurrency. That means they do not have their own core DLT or blockchain, but instead, are built on top of an existing cryptocurrency’s blockchain (Types of cryptocurrencies: explaining the major types of cryptos, 2019). The worth of bitcoin doesn’t depend on any tangible asset or economies of the countries while it is based upon the security of an algorithm which traces all transactions (Hudson & Urquhart, 2019). The studies determine the number of the bitcoin price development in the long -run (Ciaian, Rajcaniova, & Kancs, 2018): • Market forces of the Bitcoin supply and demand • The bitcoin’s attractiveness for the investors • The influence of global macro-financial developments If you're forming an investment strategy designed to help you trail long-term financial intentions, understanding the relationship between company size, return potential, and risk is vital. (Market cap—or market capitalization—refers to the total value of all a company's shares of stock, 2017) .Hence , Manifested importance a cryptocurrency’s market capitalization as the total values of all coins currently in circulation. the cryptocurrency’s market cap contains what’s called Bitcoin Dominance that is the ratio between the market cap of bitcoin to other coins of the cryptocurrency markets (jacobcanfield, 2019) . Cryptocurrency trade is attractive type of investment. this market treated the same of the foreign exchange and stock market ( Radityo, Munajat, & Budi, 2017). The investors using the same basic in investment (buy low, sell high) but they need to calculating the risks
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Kuptsova, Tatiana A., and Vladimir G. Chaplygin. "Development of a Methodology for Evaluating Cryptocurrencies as a Promising Means of Payment in the Digital Economy." Vestnik Tomskogo gosudarstvennogo universiteta. Ekonomika, no. 54 (2021): 298–318. http://dx.doi.org/10.17223/19988648/54/18.
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The article presents the main results of a study of cryptocurrency as a financial instrument of the future from the standpoint of various methodological approaches aimed at identifying trends in its functioning within the framework of the theory and practice of monetary circulation. The fundamental hypothesis of the study is the prospect of introducing cryptocurrency as a legitimate means of payment to replace the classical forms of money in the context of the transformation of the world economy. This study and its results will contribute to solving a global scientific problem – the formation of a scientifically grounded theoretical and statistical base in the context of the specifics of cryptocurrency’s functioning and the possibility of its functioning as a legitimate means of payment in the modern economy. The relevance of the article is determined by the need to reassess the existing monetary system along with financial mechanisms and operating institutions in view of the emerging crisis of confidence in the current system of state regulation of the economy. The scientific novelty of the article is determined by the development of modern economic theory from the standpoint of the functioning of cryptocurrency as a component of monetary circulation via approaches that study cryptocurrency as an alternative to outdated financial mechanisms. This work opens up an opportunity for further research in the field of cryptocurrency relations, its further improvement and implementation in the national financial system.
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Ismail, Syafiqah, and Mohamad Yazis Ali Basah. "AN ANALYSIS ON CRYPTOCURRENCIES AND MACROECONOMIC VARIABLES USING VECTOR ERROR CORRECTION MODEL (VECM)." ASEAN Journal of Management and Business Studies 3, no. 1 (April 20, 2021): 8–15. http://dx.doi.org/10.26666/rmp.ajmbs.2021.1.2.
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Cryptocurrency symbolizes of a new development in the financial sector since it is the world's first entirely decentralized digital payment system. The cryptocurrency known as virtual money is one of the most important innovations brought on by digitalization. The purpose of this study is to analyze the relationship between the cryptocurrency (Bitcoin, Monero, and Stellar) with macroeconomics variables known as stock price index (Dow Jones dan Nikkei), oil price (Brent Oil dan WTI), and exchange rates (Australian Dollar, Euro, and Pound Sterling). The data was obtained from investing.com on monthly basis for the period between January 2016 untuil December 2020. The analysis were conducted based on unit root test, co-integration and vector error correction model (VECM) in order to identify the relationship between the three selected cryptocurrencis with macroeconomic variables. The findings of this paper showed that there is cointegration between the variables. The Vector Error Correction Model (VECM) indicates that the Bitcoin model and Stellar model did not have a long-run relationship. While for the second model, Monero found to have a long-run relationship with the variables. This research contributes to the growing study on cryptocurrency while extend and complement the literature by sourcing the latest research paper on this related field.
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Li, Chunling, Nosherwan Khaliq, Leslie Chinove, Usama Khaliq, József Popp, and Judit Oláh. "Cryptocurrency Acceptance Model to Analyze Consumers’ Usage Intention: Evidence From Pakistan." SAGE Open 13, no. 1 (January 2023): 215824402311563. http://dx.doi.org/10.1177/21582440231156360.
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Blockchain and cryptocurrencies are transformative fintech breakthroughs that infiltrate the financial sector; however, they have many drawbacks and limits. Consumers have shown an insufficient level of acceptance of these innovations. This paper elucidates the main reasons for the effective growth of a cryptocurrency from user behavior. The objective is to determine what factors influence consumers’ intentions to engage in blockchain-based cryptocurrency dealings. Considering the complexity of emerging technologies, this paper applied an integration model which assumes various external elements such as financial literacy, performance expectancy, facilitating conditions, effort expectancy, awareness, trust, design, and social influence. Smart PLS3 has been used. The most critical determinant of a cryptocurrency’s growth is “design.” On the other hand, “design” affects effort expectancy positively, and social influence affects trust. Awareness, performance expectancy, financial literacy, and effort expectancy significantly affect intentions to use cryptocurrency. It’s worth mentioning that it is the first research to examine Pakistani customers’ perceptions of Bitcoin and their ability to partake. As a result, it is intended to serve as a base for potential research in this area.
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Ganapathy, Apoorva, Md Redwanuzzaman, Md Mahbubur Rahaman, and Wahiduzzaman Khan. "Artificial Intelligence Driven Crypto Currencies." Global Disclosure of Economics and Business 9, no. 2 (December 31, 2020): 107–18. http://dx.doi.org/10.18034/gdeb.v9i2.557.
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Artificial intelligence-driven cryptocurrencies are cryptocurrencies created by Artificial intelligence using the traditional human cryptocurrency development framework without human intervention. An AI explores the data from each different stream and arriving at the framework which can host these cryptocurrencies following the standards of legality. Cryptography is the encryption of specific data to conceal it and keep it a secret from unwanted third parties. Cryptocurrencies are encrypted currencies with unique keys as developed by developers. Artificial intelligence is an advanced machine programmed to simulate and emulate human intelligence by carrying tasks and reaching conclusions with little or no human intervention. This work considered the use of AI through machine learning and deep learning in the development of cryptocurrencies. The AI machine will set all the parameters and structure of the cryptocurrency. This will include how data is added, removed, and verified on the stream. Blockchain is an open ledger of a cryptocurrency's transactions. It stores files in the system, arranged in blocks, and connected on a list called chains. The article considers how AI-driven cryptocurrency will run using the blockchain network and its impact on it. Artificial intelligence and cryptocurrency are technological very essential technological development currently. The effect of the combination of both technologies would be enormous in the future as both technologies will develop each other remarkably.
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Simbolon, Alum, and Desy Indriani Grace Sinaga. "The Legality of Cryptocurrency Transactions in Indonesia." Jurnal Daulat Hukum 5, no. 3 (October 15, 2022): 196. http://dx.doi.org/10.30659/jdh.v5i3.26722.
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This study aims to know the cryptocurrency is a digital currency that is used as a medium for transactions or payments between people online (peer to peer). Cryptocurrencyis a virtual currency that is protected with a secret code that is complex enough to protect and maintain the security of the value of the currency. Several types of cryptocurrencies include ethereum, ripple, litecoin, dogecoin, mrai, dashcoin, and so on. Currently, cryptocurrency is an investment instrument that is quite attractive to the public, the popularity of crypto investment itself can be seen from the increasing number of cryptocurrency investors. Therefore,The Commodity Futures Trading Supervisory Agency (CoFTRA) of the Ministry of Trade as a regulator that oversees cryptocurrencies in Indonesia has begun to tighten supervision of crypto asset trading. The research used is normative legal research with a statutory and conceptual approach. The research stages were carried out by analyzing the Commodity Futures Trading Supervisory Agency Regulation Number 7 of 2020 concerning the Determination of the List of Crypto Assets that can be Traded in the Crypto Asset Physical Market (PerCoFTRA Number 7 of 2020), and Act No. 7 of 2011 concerning Currencies, to find out cryptocurrency legality in Indonesia. The protection carried out on crypto assets is by first registering the type of cryptocurrency with CoFTRA to be analyzed and determined to be tradable or not. The determination of tradable crypto assets is carried out through the Analytical Hierarchy Process (AHP) valuation method which has several assessment criteria that must be met, where the conditions for crypto assets that can be traded on the physical asset market must be guided by CoFTRA No. 7 of 2020.
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Durham, J. Benson. "Cryptocurrency Risks." Journal of Investing 29, no. 4 (April 21, 2020): 43–66. http://dx.doi.org/10.3905/joi.2020.1.128.
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Kumar, Dr Arvind, Mohd Shaqib Visal, and Mohd Anas. "CRYPTOCURRENCY SECURITY." YMER Digital 21, no. 05 (May 14, 2022): 681–92. http://dx.doi.org/10.37896/ymer21.05/78.
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Security and privacy are two conditions that are closely linked to current trends in cryptocurrency, and this study offers a similar comprehensive review. Cryptocurrency adds security to transactions and controls the formation of additional currency units. Great growth for cryptocurrency market testing leads to the misuse of failures to benefit enemies. In this study, the review was designed to focus on safety and security standards of cryptocurrencies especially in Bitcoin. This study explains cryptocurrency agreements, their benefits, and communications within the framework
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Moslavac, Bruno. "Cryptocurrency tumbler." Revista Acadêmica Escola Superior do Ministério Público do Ceará 11, no. 2 (December 1, 2019): 205–26. http://dx.doi.org/10.54275/raesmpce.v11i2.97.
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Tumbler is a service provided for cryptocurrencies in cases when anonymity is endangered and the owner of virtual “coins” can be traced. Legality of cryptocurrency tumblers can be described as a “grey zone”, for the reason that not even cryptovalues are legalized and “mixing” in tumblers is a special treatment of it. In this paper author by analytical method, by descriptive method and by comparative method explores and displays the all open questions of cryptocurrency tumblers, conducting their legality, legalization and especially potential criminalization in the future. Finally, the author concludes that legality, legalization and criminalization are firmly connected, interdependent and legislators worldwide should de lege ferenda pay extreme caution during tumbler legalization, especially for the purpose of later criminalization.
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Molitor, Dominik, Wullianallur Raghupathi, Viju Raghupathi, and Aditya Saharia. "Understanding Cryptocurrency." International Journal of Blockchain Applications and Secure Computing 1, no. 1 (September 28, 2023): 1–25. http://dx.doi.org/10.4018/ijbasc.331079.
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This exploratory applied study examines the nature and dimensions of cryptocurrency, namely bitcoin, a peer-to-peer network for facilitating digital barter. As the most widely used cryptocurrency, bitcoin has carved itself a niche market while also promoting the use of other cryptocurrencies. Through descriptive analysis and a visual analytic approach, the study highlights key characteristics and dimensions of bitcoin. The study helps understand the nature and extent of bitcoin use, assisting policymakers to shape and regulate the cryptocurrency marketplace in this contemporary volatile environment.
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Stanberry, Mary Taylor. "Cryptocurrency’s Clash with Bankruptcy: Insolvent Crypto Exchange Companies Create Difficulties for Courts & Customers." SMU Science and Technology Law Review 26, no. 2 (2023): 445. http://dx.doi.org/10.25172/smustlr.26.2.8.
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This comment explores the novelty of cryptocurrency, its legal ambiguity in the realms of securities, property, and tax law, and the difficulties arising from insolvent crypto-exchange company’s estates within the context of the United States Bankruptcy Code. For the purposes of this comment, individuals who invested in crypto-exchange platforms will be referred to as “customers” rather than “investors” to avoid potential confusion in the context of 11 U.S.C. § 507 of the Bankruptcy Code. Customers who invested with insolvent crypto-exchange companies are concerned about being last in line for repayment of their investments based on traditional bankruptcy creditor priority. These concerns, combined with the alleged mismanagement and undercapitalization of many insolvent crypto-exchange companies, have introduced new issues of legal interpretation and the weighing of various policy concerns both within and outside of the bankruptcy process. By examining the bankruptcy process, the history of cryptocurrency, and analyzing several current cases of insolvent crypto-exchange companies, this comment explores the multi-faceted issues surrounding cryptocurrency as well as the need for guidance and clarity of cryptocurrency’s classification for the purposes of bankruptcy law.
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Binda, Jacek. "The essence of cryptocurrency and cryptocurrency pricing model." ASEJ Scientific Journal of Bielsko-Biala School of Finance and Law 23, no. 4 (January 6, 2020): 36–40. http://dx.doi.org/10.5604/01.3001.0013.6852.
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Bondarenko, Olena, Oksana Kichuk, and Andrii Antonov. "THE POSSIBILITIES OF USING INVESTMENT TOOLS BASED ON CRYPTOCURRENCY IN THE DEVELOPMENT OF THE NATIONAL ECONOMY." Baltic Journal of Economic Studies 5, no. 2 (May 13, 2019): 10. http://dx.doi.org/10.30525/2256-0742/2019-5-2-10-17.
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The international experience of various countries of the world in the implementation, usage, and economic and legal status of cryptocurrency is compared in this research. The advantages and disadvantages of using cryptocurrency at the present stage of economic and scientific-technical development of Ukraine are considered. The results of the research of the awareness of market participants regarding the advantages and disadvantages of cryptocurrency and the presence of interest in the usage of cryptocurrency are given. The aim of this article is to study the possibilities of using cryptocurrency for economic development. The object of the research is the process of using cryptocurrency in the market in Ukraine, taking into account world experience. Practical implications. The results of a study of the demand for cryptocurrency in Ukraine. The research was conducted with the help of a questionnaire, as a result of which it was found out: the level of awareness of cryptocurrency; subjective perception of cryptocurrency; sources of awareness of cryptocurrency; the presence of the potential interest of Ukrainians in the acquisition of cryptocurrency. It was found what exactly Ukrainians consider the main advantages and disadvantages of cryptocurrency. Value/originality. Cryptocurrency as a means of payment and a type of electronic money is found in the most countries of the world in the “grey” zone, and regulators, if not prohibit, then at least do not recommend citizens to invest in such assets. However, the state of science and technology development of blockchain technologies, which are the basis of cryptocurrency, and the state of demand for cryptocurrency in the Ukrainian market are ready to use cryptocurrency. For the effective implementation of cryptocurrency, Ukraine lacks only the normative framework. Developing a regulatory framework in this area will help to bring cryptocurrency markets to stability. The introduction of international experience in the usage of cryptocurrency in Ukraine, the creation of own model of behaviour will be the first step towards building a transparent and understandable cryptocurrency market, which will lead to the development of the economy as a whole.
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Kanu, David Hope. "Stakeholder Salience in the Cryptocurrency Ecosystem." International Journal of Economics, Business and Management Research 09, no. 02 (2025): 188–210. https://doi.org/10.51505/ijebmr.2025.9216.
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Since Satoshi Nakamoto's emergence of the cryptocurrency concept in 2008, new crypto-like coins have been constantly created. This multiplicity of cryptocurrencies in the global financial system and their decentralized nature without government backing raises questions about who and what matters in the cryptocurrency ecosystem. This study aims to identify the stakeholders in the cryptocurrency ecosystem, their priority, and their influence in the crypto space value creation proposition using Mitchell et al. (1997) stakeholder salient model. The study utilized a hybrid research methodology, comprising a literature review and a Venn diagram, to analyse and apply the stakeholder salient model to the cryptocurrency ecosystem. The study results identified cryptocurrency creators, blockchain developers, government, cryptocurrency exchanges, cryptocurrency market makers, investors, miners, and ordinary citizens as stakeholders in the cryptocurrency ecosystem. The cryptocurrency ecosystem stakeholders were categorized into definitive, dominant, dependent, and demanding stakeholders, with cryptocurrency creators, blockchain developers, and the government identified as the most salient stakeholders in the cryptocurrency ecosystem. The study concludes that cryptocurrency creators cannot exist in isolation from the blockchain developer or the government; therefore, they should regard each other as key partners within the cryptocurrency ecosystem with frequent high-level policy decision meetings, personalized communication, and involve each other in critical decisionmaking in the cryptocurrency ecosystem value proposition.
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Komang Ayu Sekhar Sari Rambi and Ali Zainal Abidin. "Literature Study on The Impact of Cryptocurrencies During the Pandemic on The Indonesian Economy Bitcoin." Proceedings of International Conference on Economics Business and Government Challenges 1, no. 1 (September 14, 2022): 152–56. http://dx.doi.org/10.33005/ic-ebgc.v1i1.40.
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The emergence of cryptocurrencies or milled currencies is evidence of the rapid technology in the field of the economy. The number of users of this digital currency has impacted the Indonesian economy. This study examines the pandemic's impact on the bitcoin cryptocurrency's impact on the Indonesian economy. This research uses a skinned approach with (literature study), which analyses literature studies by collecting several journals related to research objectives. The discussion results show the impact of cryptocurrencies during the pandemic on the Indonesian economy. Bitcoin currency concluded that the price and interest increased during the cryptocurrency pandemic. The impact factor of Cryptocurrency affects the Indonesian economy; hence bitcoin in Indonesia will get affected if big countries' value drops.
Keywords: Cryptocurrencies; Bitcoin; Pandemic
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Davenport, Stephan A., and Spencer C. Usrey. "Does Notice 2014-21 Need an Update? An Analysis of Potential Tax Classifications for Cryptocurrency." ATA Journal of Legal Tax Research 21, no. 1 (May 1, 2023): 22–44. http://dx.doi.org/10.2308/jltr-2022-003.
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ABSTRACT The IRS issued Notice 2014-21 in which they classify cryptocurrency as property. However, the variety and usage of cryptocurrency has increased since Notice 2014-21 so that cryptocurrency has become a significant and widely accepted component of the global financial system. Cryptocurrency includes a diverse group of digital assets with different origins and uses. One type of cryptocurrency, Bitcoin, has been adopted as legal tender in two countries. Yet the IRS guidance for reporting cryptocurrency has not changed. In this paper, we examine the current regulatory framework regarding cryptocurrency. Next, we discuss alternative tax treatments for cryptocurrency and the tax effects of those potential treatments. Finally, we make policy recommendations for the tax treatment of cryptocurrency.
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Tewari, Shweta. "Cryptocurrency and Cybersecurity." International Journal of Scientific Engineering and Research 6, no. 1 (January 27, 2018): 49. https://doi.org/10.70729/ijser172242.
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Pandey, Supragya, Dr Devesh Katiyar, and Mr Gaurav Goel. "Analysis of Cryptocurrency, People and Future." International Journal for Research in Applied Science and Engineering Technology 10, no. 4 (April 30, 2022): 1903–7. http://dx.doi.org/10.22214/ijraset.2022.41634.
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Abstract: Cryptocurrency is a technology developed 14 years ago. It represents valuable and intangible objects which are used electronically in different applications and networks such as online social games, online social networks, virtual worlds, and peer-to-peer networks. While it may not dethrone traditional fiat currency, it could change how systems around the world interact with each other. A SWOT analysis of cryptocurrency is presented, which elucidates some of the recent events and movements that could influence whether cryptocurrency contributes to a shift in economic standards. Keywords: Cryptocurrency, Blockchain, Decentralization, Bitcoin, Cryptocurrency Security, People’s Trust in Cryptocurrency, Uses of Cryptocurrency. Investment in Cryptocurrency.
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Mafruhat, Ade Yunita, Billi Andiatama Rahmawan, and Nazmi Aulia Robbani. "DAMPAK CRYPTOCURRENCY TERHADAP SISTEM MONETER: SEBUAH TINJAUAN PUSTAKA SISTEMATIS." Bina Ekonomi 26, no. 2 (November 9, 2022): 97–106. http://dx.doi.org/10.26593/be.v26i2.5840.97-106.
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Cryptocurrency merupakan salah satu inovasi decentralized finance dari pengembangan insfastruktur sistem keuangan digital. Ada dua pandangan yang berlawanan tentang cryptocurrency, ada kesempatan menguntungkan dengan melibatkan cryptocurrency kedalam ekonomi dan sistem moneter, begitupun sebaliknya cryptocurrency dapat menjadi ancaman bagi ekonomi dan sistem moneter. Penelitian ini bertujuan untuk mengkaji dampak yang dapat ditimbulkan oleh cryptocurrency. Penelitian ini menggunakan pendekatan kualitatif dengan systematic literature review (SLR). Berdasarkan temuan dan hasil penelitian dapat di simpulkan bahwa terdapat dampak positif dan dampak negatif dari cryptocurrency. Dampak positif cryptocurrency terhadap fungsi sistem moneter yaitu kemudahan, keamanan dan stabilitas sistem keuangan yang dapat berpengaruh mendorong pertumbuhan ekonomi, adapun dampak negatif dari cryptocurrency yaitu kejahatan siber dan ketidakstabilan sistem keuangan yang dapat menghambat pertumbuhan ekonomi. Otoritas pusat perlu membuat regulasi dengan ketat yang melibatkan infrastruktur inovasi cryptocurrency dan membangun infrastruktur sistem virtual currency dengan aturan yang berfokus pada stablecoin untuk dapat melibatkan cryptocurrency kedalam sistem dan kebijakan untuk memperkuat ekosistem keuangan dan menghindari dampak negatif ketidakstabilan ekosistem keuangan.
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Prasetyo, Dwi, Nining Ariati, Harmoko Lubis, and Aswin Akbar. "Cryptocurrency Exchange Selection Decision Support System Using Preference Selection Index." SaNa: Journal of Blockchain, NFTs and Metaverse Technology 1, no. 1 (June 28, 2023): 23–29. http://dx.doi.org/10.58905/sana.v1i1.148.
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Cryptocurrency trading is a very popular business of buying and selling digital money today. Many investors trade cryptocurrency assets through cryptocurrency exchange platforms in the hope of getting a large profit difference. However, the cryptocurrency trading business is not always favourable for investors as choosing the wrong cryptocurrency exchange can result in huge losses from the trades made. Based on these problems, it is necessary to have a decision support system for selecting the most relevant cryptocurrency exchange to be used as a cryptocurrency trading platform that can increase the chances of investors making profits. The decision support system method used in this research is Preference Selection Index (PSI). The results of the selection of cryptocurrency exchanges using the Preference Selection Index (PSI) method in this study recommend Indodax as the most relevant cryptocurrency exchange used by investors to gain profits in running a cryptocurrency trading business because it gets the highest value (0.893662729) compared to 4 other alternatives.
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Omelchuk, Oleksandr, Inna Iliopol, and Snizhanna Alina. "Features of Inheritance of Cryptocurrency Assets." Ius Humani. Law Journal 10, no. 1 (March 29, 2021): 103–22. http://dx.doi.org/10.31207/ih.v10i1.233.
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The article analyzes the legal nature and specific of legal regulation of cryptocurrency in order to reveal the features of inheritance of cryptocurrency assets. The article aims to reveal whether it is possible to inherit cryptocurrency in terms of the existent legislation and if so, what kind of peculiarities of cryptocurrency should be considered. The financial and legal nature of cryptocurrency are described in the article. The main differences between cryptocurrency and traditional electronic money are revealed. The current legislation of Ukraine and some European countries on cryptocurrency legal status is analyzed. It is stated, that in most countries of the world, cryptocurrency is not considered to be money or currency, but rather a kind of property. It is noted, that while solving the issue of inclusion of cryptocurrency assets in the legacy, it is necessary to take into account the functional features of cryptocurrencies in general and the specifics of a particular type of cryptocurrency. Most of the benefits of cryptocurrencies for their owner (such as anonymous character) are obstacles to their inheritance according to the procedures provided by applicable law. The classification of the methods of inheritance of cryptocurrency assets is made in the article. The differences in the inheritance of cryptocurrency and tokens are revealed.
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Joseph, Tonuchi, Chinyere Nwolisa, and Pauline Obikaonu. "Estimating Price and Exchange rate Hedging Elasticity of Cryptocurrency Demand in Nigeria." African Economic and Management Review 2, no. 2 (March 31, 2022): 1–10. http://dx.doi.org/10.53790/aemr.v2i2.34.
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This study examined the price and exchange rate hedging elasticity of cryptocurrency demand in Nigeria. To achieve the objective, the study employed Autoregressive Distributed Lag (ADRL) model to estimate both the short-run and long-run response of demand to changes in crypto price, consumer income and exchange rate. The Study found among others that cryptocurrency is demanded as a financial asset (either as money for exchange purpose or asset for speculative purpose). It was discovered that cryptocurrency price changes have significant impact on cryptocurrency demand but price inelastic. Meaning that a percentage changes in crypto price leads to less than proportionate change in cryptocurrency demand. It was also discovered that Nigeria real exchange rate has negative relationship with cryptocurrency demand meaning that as Naira real exchange rate to dollar is falling, the demand for cryptocurrency is rising. Other factors that are influencing cryptocurrency demand in Nigeria include consumer income, cryptocurrency popularity, and inflation rate in the country. The study concludes that while price plays an important role in cryptocurrency demand, fluctuations in cryptocurrency demand is less than the fluctuation in its price. The implication is that there are several other factors (structural issues) including real exchange rate movement that influences demands for cryptocurrency other than its price that policy makers should explore.
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Ugarte, Dominic Arjuna, and Sean Young. "Attitudes About Cryptocurrency Incentives for Research Participation." Artificial Intelligence Advances 5, no. 1 (March 31, 2023): 1–7. http://dx.doi.org/10.30564/aia.v5i1.5395.
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It is essential to continually assess and find new ways to recruit and retain participants for research studies. Cryptocurrency is growing in popularity and may be a novel way to incentivize research participants. 100 participants, 50 of whom already had a cryptocurrency wallet and 50 of whom did not have a cryptocurrency wallet, were recruited through Facebook ads and completed a survey that asked about their experience with cryptocurrency and non-fungible tokens (NFTs) and potential interest in use of it for compensating research participants. The majority of respondents (79%) had some experience with cryptocurrency and 85% said they were comfortable trading cryptocurrency. Many participants had exchanged cryptocurrency within the past month (62%) and over their lifetime (70%). Respondents, however, were less familiar with NFTs, with only half having some experience with them. 18% of those without a cryptocurrency wallet and 42% of those with a cryptocurrency wallet chose to be compensated by cryptocurrency and NFT. Results suggest that, although cash and gift card incentives are preferred, there is an interest in cryptocurrency and NFTs. More studies will need to be done on a larger sample size and some of the challenges discussed (like cryptocurrency volatility) need to be addressed.
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Alifia, Athalla Destya, and Abdur Rafik. "Antecedents of loyalty to bank: The role of trust in cryptocurrency and concern in investing." Jurnal Fokus Manajemen Bisnis 14, no. 1 (March 20, 2024): 1–16. http://dx.doi.org/10.12928/fokus.v14i1.9079.
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In recent years, cryptocurrency has become a topic frequently discussed by investors. Cryptocurrency is a type of digital money that was first intended to be used as a medium of exchange but has since evolved into an investment tool. This study examines the influence of cryptocurrency knowledge, trust in government, transaction speed, and herding behavior on trust in cryptocurrency. The impact of trust in cryptocurrency on concern about investing, the influence of trust in cryptocurrency on loyalty to banks, the influence of concern about investing on loyalty to banks, and the impact of trust in cryptocurrency on loyalty to banks mediated by concern about investing. The research respondents were from the general public, who knew about cryptocurrency, totaling 200 respondents. This study used a purposive sampling technique via Smart PLS. The results of this research show that cryptocurrency knowledge, transaction speed, and herding behavior positively affect trust in cryptocurrencies. By contrast, trust in the government does not significantly affect trust in cryptocurrencies. Trust in cryptocurrency has a negative effect on concern about investing, trust in cryptocurrency has a negative impact on loyalty to the bank, concern about investing has a positive effect on loyalty to the bank, and concern about investing mediates between trust in cryptocurrency and loyalty to the bank.
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Hartanto, Sugeng, Berlina Yudha Pratiwi, and Arisona Ahmad. "Pandangan sebelah mata tentang diskusi Akuntansi Uang Kripto (Cryptocurrency Accounting) di Indonesia." Journal of Public and Business Accounting 3, no. 1 (June 2, 2023): 61–71. http://dx.doi.org/10.31328/jopba.v3i1.286.
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Penelitian ini ditujukan untuk mengetahui permasalahan yang akibatkan oleh keberadaan cryptocurrency dan bagaimana cara mengatasinya. Penggunaan berbagai literatur dari jurnal sebelumnya ditambahkan sebagai kajian kritis terhadap permasalahan yang ada. Penggunaan regulasi merupakan salah satu bentuk pemecahan masalah yang muncul. Perkembangan cryptocurrency semakin cepat, dan kehadirannya diakui secara global. Hasil dari penelitian ini adalah terdapat beberapa peraturan yang mengatur tentang transaksi cryptocurrency namun masih perlu adanya pengaturan teknologi yang lebih menekankan pada keamanan penggunaannya. Keseimbangan antara regulasi dan norma dalam transaksi cryptocurrency juga sangat diperlukan untuk mendukung perkembangan cryptocurrency. Jika salah satu konteks ini hilang, pengguna cryptocurrency akan merasa tidak nyaman, pengguna akan cenderung menghindari transaksi cryptocurrency dan cryptocurrency secara bertahap akan dilupakan.
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Sugeng Hartanto, Berlina Yudha Pratiwi, and Arisona Ahmad. "Pandangan sebelah mata tentang diskusi Akuntansi Uang Kripto (Cryptocurrency Accounting) di Indonesia." Journal of Public and Business Accounting 3, no. 1 (July 1, 2022): 76–87. http://dx.doi.org/10.31328/jopba.v3i1.226.
Full textAbstract:
Penelitian ini ditujukan untuk mengetahui permasalahan yang akibatkan oleh keberadaan cryptocurrency dan bagaimana cara mengatasinya. Penggunaan berbagai literatur dari jurnal sebelumnya ditambahkan sebagai kajian kritis terhadap permasalahan yang ada. Penggunaan regulasi merupakan salah satu bentuk pemecahan masalah yang muncul. Perkembangan cryptocurrency semakin cepat, dan kehadirannya diakui secara global. Hasil dari penelitian ini adalah terdapat beberapa peraturan yang mengatur tentang transaksi cryptocurrency namun masih perlu adanya pengaturan teknologi yang lebih menekankan pada keamanan penggunaannya. Keseimbangan antara regulasi dan norma dalam transaksi cryptocurrency juga sangat diperlukan untuk mendukung perkembangan cryptocurrency. Jika salah satu konteks ini hilang, pengguna cryptocurrency akan merasa tidak nyaman, pengguna akan cenderung menghindari transaksi cryptocurrency dan cryptocurrency secara bertahap akan dilupakan.