The early bird catches the worm: The role of regulatory uncertainty in early adoption of blockchain’s cryptocurrency by fintech ventures

Frederiks, Arjan; Costa, Sílvia Fernandes; Hulst, Boudewijn; Groen, Arend J.

doi:10.1080/00472778.2022.2089355

Cited by 7 publications

(2 citation statements)

References 131 publications

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“…Due to the above issues, rather than their complete acceptance, what had been occurring is delay in acceptance or an outright ban of cryptocurrencies by many world governments and central banks despite its popularity among investors (Haghdoost and Shahla, 2021;Harris, 2018)a development which, for the purpose of this study, is termed cryptohesitancy. Some countries (such as Germany, UK, Switzerland, Russia, China, India, South Africa, Brazil, El Salvador, Belarus and Kazakhstan, among others) chose to adopt a regulatory regime when it comes to cryptocurrencies (Frederiks et al, 2022;Martin et al, 2022aMartin et al, , 2022bYadav et al, 2022;Wronka, 2022). Given that most government and their central banks send mix messages regarding potential regulatory restrictions, it is not surprising that the acceptance rate of cryptocurrencies has been abysmal.…”

Section: Background Of the Studymentioning

confidence: 99%

Crypto-hesitancy: is regulation the answer?

Ojih

Joshi²,

Mohture³

et al. 2022

JIBR

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Purpose The purpose of this paper is to explore and address the possible reasons for the hesitancy in accepting cryptocurrency as an asset class by the world governments and central banks. The behaviour of delaying the acceptance or using cryptocurrency has been termed as crypto-hesitancy. Design/methodology/approach To establish the conceptual understanding of crypto-hesitancy, the bibliometric analysis was performed through Bibliometrix and VOSviewer. Through keyword search technique this study has located 507 useful studies in Scopus database, which were used for the bibliometric analysis. Findings The findings of the study reveal that the government of developed and developing nations and central banks hesitate to regulate and accept cryptocurrency due to the following reasons: cryptocurrency’s ties to illegal activity, speculation and cryptocurrency’s capacity to circumvent government-imposed capital controls. The findings of this study can be used as platform to develop the construct – crypto-hesitancy – further and explore the empirical insights of it. Originality/value To the best of the authors’ knowledge, the construct crypto-hesitancy has not been evolved yet, which makes this study the first attempt to theoretically understand the concept and its evolution.

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Section: Background Of the Studymentioning

confidence: 99%

Crypto-hesitancy: is regulation the answer?

Ojih

Joshi²,

Mohture³

et al. 2022

JIBR

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“…The analysis of VOSviewer may be applied to studies on consumer acceptability of fintech. The adoption of fintech in terms of technology and data analysis, such as blockchain, is the subject of extensive research (Frederiks et al, 2022;Ku-Mahamud et al, 2019;Kuo Chuen, 2017) and machine learning Chen & Chang, 2021;Warjiyono et al, 2019) 3 Results…”

Section: Discussionmentioning

confidence: 99%

Consumer Behaviour and Acceptance in Fintech Adoption: A Systematic Literature Review

Saputra,

Santosa,

Permanasari

2023

AIP

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The literature review was conducted systematically, following a rigorous process to address specific research questions. The review procedure was designed to provide guidance and minimize researcher bias. It outlined the study selection process, including inclusion and exclusion criteria, research questions, search methods, quality evaluation, and data extraction and synthesis. The Scopus database was utilized for this systematic literature review, and a comprehensive search was conducted to identify relevant studies. We used the Kitchenham systematic literature review (SLR) method required to process metadata at the time of processing this SLR, and PRISMA guidelines for reporting systematic literature reviews and meta-analyses. Additionally, VOSviewer analysis was employed to gather data on the sources used by individuals and organizations to access information about fintech products and services, and to understand their influence on acceptance behaviour. A total of 850 publications were identified and screened, with 70 fintech customer acceptance studies meeting the inclusion and exclusion criteria. These studies were published between 2012 and 2022 and were limited to Scopus indexed journals. To maintain focus, specific research questions (RQ) were developed, and data were gathered accordingly to address each RQ while adhering to quality standards. Reviews and quality checklists were used to extract relevant data, prioritizing the most comprehensive publication when multiple sources reported the same data. The primary studies analysed indicated that research into fintech acceptability spans various scientific disciplines, including computer science, information technology, business management and marketing. The technology acceptance model (TAM) emerged as the most used approach for measuring user acceptance of fintech services, as identified in 43 out of 70 publications. Furthermore, several researchers have incorporated additional factors such as performance, social influence, cultural and religious values, knowledge, and service quality to enhance the understanding of fintech acceptance.

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