Proceedings of the 10th International Conference on Business, Accounting, Finance and Economics (BAFE 2022)

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Exploring Cryptocurrency Readiness Among University Students

Authors
Hayati Yusof1, *, Mai Farhana Mior Badrul Munir1, Zulnurhaini Zolkaply1, Muhammad Ashraf Anuar1
1Faculty of Business and Finance, Universiti Tunku Abdul Rahman, Jalan Universiti, Bandar Barat, 31900, Kampar, Perak, Malaysia
*Corresponding author. Email: hayati@utar.edu.my
Corresponding Author
Hayati Yusof
Available Online 4 February 2023.
DOI
10.2991/978-2-494069-99-2_23How to use a DOI?
Keywords
Cryptocurrency; Bitcoin; Readiness; Adoption; Intention; Investors
Abstract

Digital currency or cryptocurrency, the latest development in investment is a virtual medium to purchase and sell goods and services, plays the role of a diversification tool, and features an attractive, alternative store of value. Recently, the Malaysian regulators were urged to legalise cryptocurrency as it is very attractive to young investors. Despite the overwhelming interests among young investors, they have held their interests over cryptocurrency due to the fear of the unknown and a few of its vague areas. This research is undertaken to explore the cryptocurrency interest and awareness among undergraduate university students as potential future cryptocurrency investors. As of to date, 116 students have participated in data collection and at this stage, the preliminary findings will be reported. About 78% of the young respondents admitted that they had little or no knowledge of the virtual currency. This research contributed in exploring cryptocurrency’s value and risk from users’ perspectives in a developing country setting such as Malaysia. This might shed new lights in raising awareness among the youth while managing cryptocurrency developments by regulators. More future research should be undertaken to assess the behavioural traits of the cryptocurrency providers, players as well as the societal acceptance of it.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 10th International Conference on Business, Accounting, Finance and Economics (BAFE 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
4 February 2023
ISBN
978-2-494069-99-2
ISSN
2352-5428
DOI
10.2991/978-2-494069-99-2_23How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Hayati Yusof
AU  - Mai Farhana Mior Badrul Munir
AU  - Zulnurhaini Zolkaply
AU  - Muhammad Ashraf Anuar
PY  - 2023
DA  - 2023/02/04
TI  - Exploring Cryptocurrency Readiness Among University Students
BT  - Proceedings of the 10th International Conference on Business, Accounting, Finance and Economics (BAFE 2022)
PB  - Atlantis Press
SP  - 273
EP  - 287
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-2-494069-99-2_23
DO  - 10.2991/978-2-494069-99-2_23
ID  - Yusof2023
ER  -