Factors influencing cryptocurrency adoption among Malaysian youth: A conceptual analysis

Jaludin Janteng and Aini Janteng and Nelson Lajuni (2024) Factors influencing cryptocurrency adoption among Malaysian youth: A conceptual analysis. International journal of academic research in accounting, finance & management sciences, 14. pp. 1-13.

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Abstract

Cryptocurrency is a rapidly growing phenomenon in the global finance and banking sector. Cryptocurrency is a digital currency that can be used for purchases or investments without a bank or financial institution needing to verify transactions. Due to the growing relevance and popularity of cryptocurrencies worldwide, it is essential to examine the factors influencing Malaysian youth’s interest in investing in them. Hence, this study investigates the key factors influencing Malaysian youth’s intentions to use cryptocurrencies. To achieve this, a comprehensive conceptual analysis based on the Unified Theory of Acceptance and Use of Technology is presented. The results indicate four important factors influencing Malaysian youth's intentions to adopt cryptocurrencies: perceived trust, digital literacy, social influence, and perceived utility. The study contributes by providing a synthesized model that can be used for future empirical investigation. The most important limitation is that this study is based on a conceptual nature and has not been able to confirm the relationship between variables empirically. The research emphasizes its potential impact on the finance and banking sector, particularly for policymakers and industry professionals, in understanding the dynamics of youth adoption and enabling targeted interventions for financial innovation. Future studies are encouraged to explore cross-cultural dimensions and employ diverse research methodologies. This study is significant because it focuses on the context of Malaysian youth, contributing to the ongoing discussion on technology acceptance in emerging financial landscapes

Item Type:	Article
Keyword:	Cryptocurrency Adoption, Malaysian Youth, Intention to Use, Unified Theory of Acceptance and Use of Technology, Conceptual Analysis
Subjects:	H Social Sciences > HG Finance > HG1-9999 Finance > HG1501-3550 Banking H Social Sciences > HG Finance > HG1-9999 Finance > HG1501-3550 Banking > HG1710-1710.5 Electronic funds transfers
Department:	FACULTY > Labuan Faculty of International Finance
Depositing User:	ABDULLAH BIN SABUDIN -
Date Deposited:	23 Apr 2025 09:58
Last Modified:	23 Apr 2025 09:58
URI:	https://eprints.ums.edu.my/id/eprint/43571

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