Cryptocurrency as an Investment: The Malaysian Context
Cryptocurrency is gaining popularity worldwide, with some countries already starting to regulate and accept cryptocurrency in their financial services. Malaysia’s Securities Commission (SC) announced in October 2021 that over MYR 16 billion (USD 3.85 billion) involving digital assets and cryptocurre...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2022-04-01
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| Series: | Risks |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2227-9091/10/4/86 |
| _version_ | 1797443870789730304 |
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| author | Shangeetha Sukumaran Thai Siew Bee Shaista Wasiuzzaman |
| author_facet | Shangeetha Sukumaran Thai Siew Bee Shaista Wasiuzzaman |
| author_sort | Shangeetha Sukumaran |
| collection | DOAJ |
| description | Cryptocurrency is gaining popularity worldwide, with some countries already starting to regulate and accept cryptocurrency in their financial services. Malaysia’s Securities Commission (SC) announced in October 2021 that over MYR 16 billion (USD 3.85 billion) involving digital assets and cryptocurrencies were traded between August 2020 and September 2021. Since cryptocurrencies are issued by private corporations and are technically beyond the federal government’s control, criminals may use them for illegal reasons such as money laundering and terrorist funding. Consequently, it is vital to examine why investors are engaged in cryptocurrency in the first place. This study aims to provide insight into Malaysian investors’ perceptions by evaluating the influence of perceived risk and perceived value on their cryptocurrency adoption decision. The retail investors’ demographic characteristics (gender, age, education, income, and investment experience) were analyzed as control variables. Data were gathered using purposive sampling, and responses from 211 respondents from various cities in Malaysia were used in the final analysis. Data were examined using Smart PLS Structural Equation Modelling (PLS-SEM). Based on the finding’s, perceived value was found to have a significant influence on cryptocurrency adoption. Meanwhile, perceived risk had no significant influence on the adoption of cryptocurrency among the Malaysian investors. |
| first_indexed | 2024-03-09T13:03:20Z |
| format | Article |
| id | doaj.art-0197f556f77f4bb98762cedf41466424 |
| institution | Directory Open Access Journal |
| issn | 2227-9091 |
| language | English |
| last_indexed | 2024-03-09T13:03:20Z |
| publishDate | 2022-04-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Risks |
| spelling | doaj.art-0197f556f77f4bb98762cedf414664242023-11-30T21:51:12ZengMDPI AGRisks2227-90912022-04-011048610.3390/risks10040086Cryptocurrency as an Investment: The Malaysian ContextShangeetha Sukumaran0Thai Siew Bee1Shaista Wasiuzzaman2Faculty of Management, Multimedia University, Persiaran Multimedia, Cyberjaya 63100, MalaysiaFaculty of Management, Multimedia University, Persiaran Multimedia, Cyberjaya 63100, MalaysiaSchool of Business, University Teknology Brunei, Bandar Seri Begawan BE1410, BruneiCryptocurrency is gaining popularity worldwide, with some countries already starting to regulate and accept cryptocurrency in their financial services. Malaysia’s Securities Commission (SC) announced in October 2021 that over MYR 16 billion (USD 3.85 billion) involving digital assets and cryptocurrencies were traded between August 2020 and September 2021. Since cryptocurrencies are issued by private corporations and are technically beyond the federal government’s control, criminals may use them for illegal reasons such as money laundering and terrorist funding. Consequently, it is vital to examine why investors are engaged in cryptocurrency in the first place. This study aims to provide insight into Malaysian investors’ perceptions by evaluating the influence of perceived risk and perceived value on their cryptocurrency adoption decision. The retail investors’ demographic characteristics (gender, age, education, income, and investment experience) were analyzed as control variables. Data were gathered using purposive sampling, and responses from 211 respondents from various cities in Malaysia were used in the final analysis. Data were examined using Smart PLS Structural Equation Modelling (PLS-SEM). Based on the finding’s, perceived value was found to have a significant influence on cryptocurrency adoption. Meanwhile, perceived risk had no significant influence on the adoption of cryptocurrency among the Malaysian investors.https://www.mdpi.com/2227-9091/10/4/86riskcryptocurrencyinvestmentMalaysiainvestors |
| spellingShingle | Shangeetha Sukumaran Thai Siew Bee Shaista Wasiuzzaman Cryptocurrency as an Investment: The Malaysian Context Risks risk cryptocurrency investment Malaysia investors |
| title | Cryptocurrency as an Investment: The Malaysian Context |
| title_full | Cryptocurrency as an Investment: The Malaysian Context |
| title_fullStr | Cryptocurrency as an Investment: The Malaysian Context |
| title_full_unstemmed | Cryptocurrency as an Investment: The Malaysian Context |
| title_short | Cryptocurrency as an Investment: The Malaysian Context |
| title_sort | cryptocurrency as an investment the malaysian context |
| topic | risk cryptocurrency investment Malaysia investors |
| url | https://www.mdpi.com/2227-9091/10/4/86 |
| work_keys_str_mv | AT shangeethasukumaran cryptocurrencyasaninvestmentthemalaysiancontext AT thaisiewbee cryptocurrencyasaninvestmentthemalaysiancontext AT shaistawasiuzzaman cryptocurrencyasaninvestmentthemalaysiancontext |