Multimedia University Researchers Publish New Data on Risk Management (Cryptocurrency as an Investment: The Malaysian Context): Insurance – Risk Management

2022 MAY 05 (NewsRx) -- By a News Reporter-Staff News Editor at NewsRx Policy and Law Daily -- Fresh data on risk management are presented in a new report. According to news reporting from Cyberjaya, Malaysia, by NewsRx journalists, research stated, “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.”

Funders for this research include Ministry of Higher Education Funder DOI: 10.13039/501100003093 Award: MMUE/190037.02.

The news journalists obtained a quote from the research from Multimedia University: “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).”

According to the news reporters, the research concluded: “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.”

For more information on this research see: Cryptocurrency as an Investment: The Malaysian Context. Risks, 2022,10(86):86. (Risks - http://www.mdpi.com/journal/risks). The publisher for Risks is MDPI AG.

A free version of this journal article is available at https://doi.org/10.3390/risks10040086.

Our news editors report that additional information may be obtained by contacting Shangeetha Sukumaran, Faculty of Management, Multimedia University, Persiaran Multimedia, Cyberjaya 63100, Malaysia. Additional authors for this research include Thai Siew Bee, Shaista Wasiuzzaman. Our reports deliver fact-based news of research and discoveries from around the world.