Abstract Indonesian agricultural production is unpredictable. The harvest quality causes this is not-optimal harvest quality. The researchers provide a solution by utilizing a severe game design model as a learning medium to make decisions for optimizing production. In comparison, Blockchain technology is for data security, Distributed ledgers and Smart Contracts. The transaction between producers and consumers are permanent and verified. For the literature study of optimization to maximize farmers' production, the researchers use Simplex Method as an objective function and the Pareto function as an optimization model for multiple problems by finding solutions for all purposes to improve farmers' production. Multi-Objective Optimization, Linear Programming, Blockchain, and Hierarchical State Finite Machine are needed to design a serious game. This study designed Hierarchical State Finite Machine Serious Game using Blockchain and Multi-Objective Optimization method as a learning medium to simulate farmers making decisions In producing agricultural quantities based on consumer demand, stock, price, season, and planting time. Blockchain is used to track the availability of farm stocks so that the supply of consumer needs is met.
Cryptocurrencies have emerged in recent years and have continued to grow until they have become very popular, widespread, and surrounded by various pros and cons of their innovative developments. This study uses sentiment analysis on Twitter towards cryptocurrencies to create positive and negative trends based on comments by classifying data on Twitter. The dataset used is a Tweet related to cryptocurrency in June 2022. To get positive or negative sentiment of this research using SVM classification method with the following stages. The dataset goes through the stages of preprocessing, labeling, imbalance handling, train test split, TF-IDF weighting to transform the data from text to numeric which are then used for sentiment analysis using SVM. This research resulted in sentiment analysis based on the TextBlob library to determine positive sentiment and negative sentiment. The accuracy of the application of SVM in this study is known through the use of k-fold cross validation and three methods, namely undersampling, without imbalance handling and oversampling and three comparisons of train test splits, namely 90:10, 80:20, and 70:30. In k-fold cross validation, an accuracy of 93. 19% was obtained. While the other three methods, obtained three highest accuracy where the accuracy is in a ratio of 80:20, namely 94.64% for undersampling, 93.42% for data without imbalance handling, and 93.40% for oversampling. The best accuracy is in the data that goes through the undersampling process with a ratio of 80:20 which is of 94.64% and the sentiment analysis result is a positive sentiment.
The purpose of this paper is to review the findings of a review of the academic literature on Islamic financial technology that has been carried out in the field of Islamic financial technology. The aspects studied in Islamic Finance Fintech with cryptocurrency regulations, compliance and tax policy laws and finally identify other influences such as opportunities and Islamic financial technology that Islamic financial institutions can learn from global fintechs around the world. This study collected 150 journals. Based on the inclusion and exclusion criteria, 79 research papers and publications were used in this systematic literature review. This paper offers a thorough analysis of the study. This study classifies Islamic Financial Technology with regulation/compliance in Islamic law and taxation. Throughout our review, we also found barriers to cryptocurrencies in Islamic law and found several countries have tax policies for cryptocurrencies. This study will greatly advance the understanding of Islamic FinTech among academics, companies, regulators, investors, and other FinTech users. The results of this study are expected to be useful in understanding Fintech (cryptocurrency-based technology) from the point of view of sharia and taxation rules in Indonesia
Ade Yunita Mafruhat, Billi Andiatama Rahmawan, Nazmi Aulia Robbani
Cryptocurrency merupakan salah satu inovasi decentralized finance dari pengembangan insfastruktur sistem keuangan digital. Ada dua pandangan yang berlawanan tentang cryptocurrency, ada kesempatan menguntungkan dengan melibatkan cryptocurrency kedalam ekonomi dan sistem moneter, begitupun sebaliknya cryptocurrency dapat menjadi ancaman bagi ekonomi dan sistem moneter. Penelitian ini bertujuan untuk mengkaji dampak yang dapat ditimbulkan oleh cryptocurrency. Penelitian ini menggunakan pendekatan kualitatif dengan systematic literature review (SLR). Berdasarkan temuan dan hasil penelitian dapat di simpulkan bahwa terdapat dampak positif dan dampak negatif dari cryptocurrency. Dampak positif cryptocurrency terhadap fungsi sistem moneter yaitu kemudahan, keamanan dan stabilitas sistem keuangan yang dapat berpengaruh mendorong pertumbuhan ekonomi, adapun dampak negatif dari cryptocurrency yaitu kejahatan siber dan ketidakstabilan sistem keuangan yang dapat menghambat pertumbuhan ekonomi. Otoritas pusat perlu membuat regulasi dengan ketat yang melibatkan infrastruktur inovasi cryptocurrency dan membangun infrastruktur sistem virtual currency dengan aturan yang berfokus pada stablecoin untuk dapat melibatkan cryptocurrency kedalam sistem dan kebijakan untuk memperkuat ekosistem keuangan dan menghindari dampak negatif ketidakstabilan ekosistem keuangan.
Berdasarkan data dari Chain Analysis, menyatakan bahwa jumlah investor cryptocurrency di negara Indonesia menduduki peringkat ke-5 di kawasan negara Asia Tenggara setelah negara Vietnam, Thailand, Filipina, dan Malaysia. Dan menempati urutan ke-25 di dunia pada tahun 2021. Pertumbuhan eksponensial jumlah investor dan transaksi cryptocurrency tersebut harus dibarengi dengan pemberian edukasi dan literasi secara masif karena instrumen investasi cryptocurrecy ini masih relatif baru dan tergolong high risk high return. Tujuannya agar para investor memiliki wawasan dan pengetahuan yang baik tentang cryptocurrency. Money management menjadi salah faktor kunci keberhasilan dalam berinvestasi. Dengan diterapkannya money management yang baik dapat meningkat potensi keuntungan / return dan meminimalisir risiko kerugian investasi pada aset cryptocurrency.
Pengambilan keputusan memiliki peran penting dalam perilaku keuangan terutama terkait perilaku investor didasarkan pada berbagai bias psikologis, perilaku, volatilitas pasar dan peluang untuk memaksimalkan keuntungan. Investor seringkali bertindak secara tidak rasional dalam pengambilan keputusan suatu investasi terutama investor muda milenial yang lebih mengincar keuntungan dari volatilitas harga. Penelitian ini bertujuan menguji atau merumuskan hipotesis yang mempengaruhi pengambilan keputusan investor dari behavioral finance yang terdiri dari overconfidence, gambler’s fallacy, mental accounting, disposition effect, dan hindsight terhadap investment decision. Selain itu, studi ini juga menganalisa peran Risk perceptions sebagai variabel mediasi antara Overconfidence terhadap investment decision. Dengan menggunakan Teknik convenience sampling, didapatkan jumlah responden sebanyak 452 investor sebagai responden. Metode analisis data yang digunakan adalah Partial Least Squares – Structural Equation Modelling (PLS-SEM). Hasil penelitian menunjukkan bahwa gambler’s fallacy dan mental accounting berpengaruh signifikan terhadap investment decision. Lebih lanjut, studi ini juga membuktikan hubungan signifikan antara overconfidence terhadap investment decision dengan risk perceptions sebagai variabel mediasi.
Blockchain merupakan salah satu fintech yang ramai diperbincangkan saat ini, terlebih keterkaitannya dengan cryptocurrency. Dalam perkembangan keuangan syariah tidak lepas dari antusias masyarakat terkait praktik ekonomi syariah dan inovasi layanan syariah dalam bentuk fintech. Tujuan dari penelitian ini adalah untuk mengetahui bagaimana prespektif Islam terhadap Blockchain. Metode pengumpulan data yang dalam penelitian ini menggunakan metode library research melalui studi kepustakaan melakukan pencarian data dari sumber seperti buku, jurnal, peraturan perundang-undangan, serta tulisan ilmiah lain. Penelitian ini menggunakan metode kualitatif deskriptif. Berkembangnya keuangan syariah baik dalam hal perbankan maupun nonperbankan tidak lepas dari antusias masyarakat terkait adanya praktik ekonomi syariah dan adanya inovasi layanan syariah dalam bentuk fintech. Penggunaan blockchain dalam keuangan syariah dapat diterapkan melalui pengaplikasian smart contract dalam perbankan syariah, pengoptimalisasian penghimpunan zakat, peningkatan utilitas wakaf, menciptakan halal value chain, serta penerapan blockchain dalam ritel sukuk.
Cryptocurrency or crypto currency is a digital currency that uses an encryption system and there are various forms of this digital currency spread all over the world. In Indonesia, people are starting to use Cryptocurrencies and not a few have become investors through this digital currency. The first problem How is the existence of cryptocurrency as a digital currency in Indonesia? Second, how is the legal power of cryptocurrency in Indonesia. This research method uses normative legal research methods. The result of the first discussion is that the existence of Cryptocurrency or cryptocurrencies only applies to the trading sector and is only recognized by Bappepti. The result of the second discussion is that cryptocurrency digital currency cannot be used as a legal currency because it does not meet the elements as a legal currency in Indonesia.
In the development of the Industrial revolution 4.0 to improve and modify the world's industry by integrating production lines, and extraordinary results in the field of technology and information marked its emergence. It can be used to enhance document security systems using Blockchain technology. Blockchain Innovation Authentication has attracted great attention in the world of science and capital markets. The persistent problems of the many available digital currencies and the various tricks of early coin offerings also welcome the well-known discussion of emerging innovations in the field of education. The importance of this paper follows the improvement of the blockchain framework to reveal the importance of decentralized applications (dApps) and blockchain on the future value in education. This study uses a descriptive method, which is a research method used to describe problems that occur in the present or ongoing, aiming to describe what happened as it should when the research was conducted. the novelty of cutting-edge dApps and talk about the title of blockchain progress to meet the positive attributes of future dApps. Readers will come to the conclusion of dApp research and know the continuous improvement in blockchain .
One of the investments that people are interested in today is Cryptocurrency. This is a form of investment that occurs due to advances in the world of technology that are felt by the community without exception also for Muslims. Conventional investment is defined as having broad benefits and impacts on the country's economy. However, Islam provides various limits in investing. For an investment to be recognized in Islam, four aspects must be owned, namely: material/financial aspects, halal aspects, social and environmental aspects, and divine aspects. For this reason, this research will describe in detail, whether cryptocurrencies meet these aspects or not. In answering these problems, the researcher used a descriptive qualitative approach with valid secondary data sources. This research results that none of the four aspects can be fulfilled from cryptocurrency, both material/financial aspects, halal aspects, social and environmental aspects as well as divine aspects. Keywords: Cryptocurrency; investment; Islamic economy
Salah satu pelaku ekonomi yang terdampak akibat fenomena global pandemic Covid-19 adalah pelaku seni. Hal ini berdampak secara fisik maupun psikis bagi kehidupan mereka. Banyak pelaku seni bekerja dan berkreasi di rumah karena adanya larangan kegiatan berskala besar. Bali sebagai daerah terdampak dengan segudang pelaku seni, kini berusaha memulihkan perekonomian di berbagai sisi. Kehadiran perdagangan digital saat ini menjadi pilihan utama meneruskan usaha dan bisnis di tengah pandemic Covid-19. Penelitian ini berangkat dari fenomena hadirnya perdagangan digital yang disebut Non Fungible Tokens pada Crypto Art. Baliola menjadi satu-satunya marketplace di Bali yang menyediakan jasa perdagangan digital bagi para pelaku kreator seni. Banyak pelaku seni Bali mulai berbondong memonetisasi kreasi melalui perdagangan digital ini. Tujuan dari penelitian ini adalah untuk mengidentifikasi transformasi ekonomi yang dilakukan oleh pelaku seni Bali melalui marketplace virtual Baliola. Penelitian ini menggunakan jenis penelitian kualitatif dengan teknik pengumpulan data melalui observasi, in depth interview dan studi dokumentasi. Hasil penelitian menunjukkan pelaku seni yang telah berinovasi dan bertransformasi adalah pelaku seni ukir, seni tari, seni lukis, digital ilustrasi, seniman layanan, seni perfilman, seni pegiat heritage, dan komunitas seni. Wujud transformasi dipetakan berdasarkan pemasaran, jaringan sosial, ide kreatif dan legalitas. Dalam hal ini juga telah menghasilkan preferensi pelaku seni terhadap Baliola Marketplace yaitu dari individu berupa sistem yang mudah dijangkau atau lokasi Baliola berada di wilayah Bali, berfokus pada seni bali, serta penggunaan token berbasis kearifan lokal (uang kepeng) dan sosial berupa religiusitas yang berarti terverfikasi aman dan halal, diawasi dan didukung pemerintah Bali serta validasi rekanan atau teman yang telah menggunakan sebelumnya
Open access
SMEs Development and Digital Marketing
Sustainability and Innovation in Business
Community-based Tourism Development and Sustainability
This research is based on the phenomenon of a new investment instrument called Cryptocurrency Bitcoin which has become popular in recent years. Based on this phenomenon, this study tries to find out which investment instrument is the best from Bitcoin, IDX30 stocks and Gold. This study measures the performance of Bitcoin in the form of investment and compares it with other popular conventional investments in the community such as stocks and gold. The research method used is a quantitative method with a comparative descriptive type of research. The data used are secondary data from Indodax, BEI, Bloomberg, Crix and Antam which are already published. The analytical technique used is the Sharpe, Treynor, Jensen and Sortino indexes. The result shows that Bitcoin is the best instrument because based on Sharpe, Treynor, and Sortino value the return is better than the other two instruments. This is because Bitcoin has optimal performance when calculated using the Sharpe, Treynor and Sortino methods. IDX30 shares a sufficient return with moderate risk and can be used as a promising investment alternative. Gold with stable performance with low risk can also be used as an alternative investment. Penelitian ini didasarkan pada fenomena instrumen investasi baru bernama Cryptocurrency Bitcoin yang menjadi populer dalam beberapa tahun terakhir. Berdasarkan fenomena tersebut, penelitian ini mencoba mencari instrumen investasi mana yang terbaik dari Bitcoin, saham IDX30 dan Emas. Penelitian ini mengukur kinerja Bitcoin dalam bentuk investasi dan membandingkan dengan investasi konvensial yang populer lainnya di masyarakat seperti saham dan emas. Metode penelitian yang digunakan adalah metode kuantitatif dengan jenis penelitian deskriptif komparatif. Teknik analisis yang digunakan adalah Indeks Sharpe, Treynor, Jensen dan Sortino. Data yang digunakan adalah data sekunder dari Indodax, BEI, Bloomberg, Crix dan Antam yang dipublikasikan. Hasil penelitian menunjukkan bahwa Bitcoin merupakan instrumen investasi terbaik selama periode penelitian, lebih baik dari dua instrumen lainnya, hal ini dikarenakan Bitcoin memiliki kinerja yang optimal jika dihitung menggunakan metode Sharpe, Treynor dan Sortino. Saham IDX30 memiliki return yang cukup dengan risiko yang sedang dan bisa dijadikan alternatif investasi yang cukup menjanjikan. Emas dengan kinerja yang stabil dengan risiko yang kecil juga bisa dijadikan alternatif investasi.
Waluyo Jati, Rachmawaty Rachmawaty, Holiawati Holiawati, Iman Syatoto
Indonesia has had the critical issue of economic growth in the last ten years which the trend of economic growth was declining year by year, in 2011 GDP growth YoY was 6.5% then declined become 5% in 2019 (before Covid-19 pandemic) and worst in Pandemic Era become -5.3%. This research aims to provide an understanding of the effect of short term and long term of Financial Innovation, Stock Market and Cryptocurrency on Indonesia's economic growth using the Vector Error Correction Model (VECM) method. The methode was chosen based on Stationary Analysis and Cointegration Test. It is shown that the data was non-Stationary and the result of Cointegration Test there was a conintegration at 0.05 level. Enrich with the analysis in Impulse Response and Variance Decomposition to obtain the fluctuated economic growth impacted by those variables on a monthly basis, which previous researchers have not researched. The results showed that the correlation of the Stock Market, Financial Innovation and Cryptocurrency to Indonesia's economic growth, in the long run, all the variables give a positive correlation. Still, in the short-run, only the stock market and economic growth give a positive correlation. The result of the long and short run of VECM is supported by Impulse response and variance decomposition that stock market has the most significant impact to economic growth
Economic globalization is a new challenge, especially for developing countries like Indonesia, because everything is interrelated and has a special impact such as the occurrence of a crisis that is evenly distributed in every country. For this reason, improving corporate governance is important. This study aims to determine the attitude of Indonesian investors in adopting Blockchain Technology as an effort to improve corporate governance in public companies in Indonesia. This study involved 170 investors and businesspeople who directly interacted with the benefits of corporate governance in a company. The data analysis of this research uses a structural equation model with SmartPLS software. The result is Perceived ease of use, Perceived usefulness, and Security have a significant influence on attitude in adopting blockchain in corporate governance, but if examined more deeply it can be seen that the coefficient and t-statistic value of security have the greatest results, so it can be said one of the important elements of blockchain adoption in the implementation of corporate governance must emphasize the high security factor, because agency theory and agency conflict which are classic problems in corporate governance are the main problems that can be solved with the presence of blockchain to reduce fraud, earnings manipulation, and earnings management.
Pengabdian kepada masyarakat ini dilakukan dengan tujuan memberikan pelatihan perencanaan investasi sejak dini. Pelatihan ini juga bertujuan agar anak-anak muda mulai memahami dan bisa mengatur keuangan dengan cara berinvestasi. Pelatihan ini dilakukan di SMKN 1 Sukadana Lampung Timur. Siswa-siswa jurusan Akuntansi menjadi sasaran dari pelatihan ini. Materi yang diberikan dalam kegiatan pelatihan ini adalah penjelasan mengenai investasi, platform yang digunakan untuk berinvestasi, cara berinvestasi, investasi masa kini yaitu cryptocurrency dan Non Fungible Token. Metode yang dilakukan dalam pelatihan ini ceramah, pre test, dan posttest. Media yang digunakan dalam kegiatan ini adalah laptop dan handphone yang terkoneksi internet. Hasil dari kegiatan pengabdian masyarakat ini adalah siswa memahami perencanaan berinvestasi sejak dini.
The development of digitalisation in the financial services sector has compelled Bank Indonesia to develop Central Bank Digital Currency (CBDC). CBDC as a new type of money requires adjustments in terms of applicable laws and regulations. In an attempt to identify the design and legal regulations regarding CBDC, this paper performs a literature review through various related studies carried out internationally and in Indonesia. The novelty of this paper is to apply the rule of law to each selected CBDC design. Based on the study, CBDC design consists of wholesale and retail that can use token or account-based authentication. Then, CBDC transactions can be managed by the central bank or transacted through a Distributed Ledger Technology (DLT) system. In addition, another CBDC characteristic is based on interest-bearing and non-interest-bearing. The different implementation and selection of CBDC resulted in regulations that needed to be improved. Related to the legal aspect of CBDC in Indonesia, revisions are required to the substance of Law No. 7 of 2011 on Currency which must state that the form of rupiah includes CBDC. Furthermore, other rules that need to be considered are privacy and property laws, DLT, and insolvency law, as well as regulation of competition between CBDC and depository banks.
Penelitian ini bertujuan untuk menguji secara komperhensif faktor-faktor yang mempengaruhi keputusan investasi cryptocurrency pada kaum milenial di kota Denpasar. Data dikumpulkan dengan menggunakan instrumen kuisioner berbasis web google form yang melibatkan 100 responden investor milenial yang aktif berinvestasi jual beli cryptocurrency di kota Denpasar. Data diolah dan dianalisis menggunakan aplikasi software SmartPLS3. Hasil penelitian menunjukkan financial experience dan overconfidence tidak berpengaruh terhadap keputusan investasi cryptocurrency. Hanya risk tolerance yang berpengaruh terhadap keputusan investasi cryptocurrency. Temuan lain juga menunjukkan bahwa overconfidence dan risk tolerance tidak mampu memediasi hubungan antara financial experience terhadap keputusan investasi cryptocurrency. Adanya penelitian ini berimplikasi pada tingkat wawasan dan kesadaran akan tingkat risiko investasi yang dimiliki oleh investor, sehingga keputusan yang diambil dapat lebih efektif, mengingat cryptocurrency merupakan investasi yang bersifat high risk. Penelitian ini menawarkan model empiris yang menjelaskan faktor yang mempengaruhi keputusan investasi cryptocurrency pada kaum milenial dengan menggunakan model penelitian yang menggabungkan faktor psikologis dan demografis yang menggunakan dua variabel mediasi pada investasi cryptocurrency, sehingga penelitian ini penting dilakukan guna menambah kontribusi pada kajian literatur. Kata kunci: financial experience, overconfidence, risk tolerance, keputusan investasi cryptocurrency, cryptocurrency, milenial
Saat ini ada berbagai macam Instrumen atau produk investasi, dan semakin hari semakin mudah, beragam dan tentunya semakin canggih. Investasi crypto merupakan salah satu instrumen investasi yang berhasil lahir karena kecanggihan teknologi yang ada saat ini. Investasi cryptocurrency adalah jenis investasi yang menawarkan return yang tinggi. Ada banyak jenis mata uang atau koin digital yang populer dijadikan sebagai instrumen investasi salah satu yang paling populer adalah bitcoin .Dalam 10 tahun terakhir return bitcoin naik jutaan persen, bitcoin menjadi salah satu instrumen yang wajib di perhitungkan. Penelitian ini menggunakan BTC/IDR sebagai sampel untuk di lakukan back testing dengan harga yang di peroleh dari situs https://id.investing.com/ periode 2018-2021 sedangkan teknik analisis data menggunakan uji beda (t-test) dan Alat yang digunakan dalam penelitian ini adalah ichimoku cloud dan EMA 200. Tujuan dari penelitian ini adalah untuk mendapat gambaran seberapa efektif analisis teknikal dapat mengidentifikasi pola atau arah pergerakan cryptocurrency yang mungkin terjadi di masa mendatang. Penelitian ini menunjukan bahwa ichimoku cloud dan EMA 200 secara efektif dapat menghasilkan profit dan indikator ichomoku cloud dan EMA 200 dapat mengidentifikasi pola pergerakan cryptocurrency dan dapat di jadikan sebagai bahan pertimbangan untuk melakukan buy/sell cryptocurrency.
Cryptocurrencies is generally used as means of payment and assets. Every country in the world has its own approach in regulating the use of cryptocurrencies. In Indonesia, the use of cryptocurrency as a means of payment is not justified. Meanwhile, its use as an asset is the subject of commodity futures trading whose mechanism is carried out by the existence of an agreement and its activities by Badan Pengawas Perdagangan Berjangka Komoditi (Bappebti). The potential for cryptocurrency growth in Indonesia can be maximized considering the advantages it offers, such as easy access, security, and financial inclusion that can help equalize access to quality formal financial services on time, smoothly, and safely at affordable costs according to the needs and abilities in improving people's welfare. In order to encourage the positive growth of cryptocurrencies in Indonesia, the government as the regulator must ensure the realization of cryptocurrencies that are safe, structured, and stable. Keywords: Cryptocurrency, potency, regulation
Investasi adalah kata yang sering kita dengar beberapa waktu ini. Sebenarnya untuk investasi ada banyak macamnya, ada cryptocurrency, saham, reksadana dll. Namum dalam penelitian kali ini investasi yang di fokuskan adalah cryptocurrency. Dari kota-kota besar yang ada di Indonesia nanti dapat dilihat dan dipelajari faktor apa saja yang memperngaruhi investor dalam berinvestasi. Untuk mengetahuinya lebih lanjut maka dilakukan lah penelitian ini dengan menggunakan metode TAM. Dengan faktor-faktor seperti persepsi kemudahaan penggunaan, persepsi manfaat, pengetahuan konsumen serta inovasi yang diberikan apakah dapat membuat si investor ini akhirnya berinvestasi di cryptocurrency.
Currently, blockchain is one of the most innovative emerging digital technologies. As such, it can undermine traditional business models and revolutionize tax administration. This objective of this article is to present the potential of blockchain technology in the administration of specific tax categories such as payroll taxes, value added tax, international taxes, and customs. It also analyses blockchain technology’s strengths, weaknesses, opportunities, and threats (SWOT) with a focus on tax administration. As a generator of a substantial amount of information, tax administration requires reliable and efficient technology for processing and storing the information that is generated. The results of the analysis showed strengths such as a lower cost of fulfilling tax liabilities, a direct connection with taxpayers without the need of third parties. a higher degree of efficiency, and threats such as insufficient funds for modernization, knowledge and skills of employees, and willingness to adapt and high investment costs related to implementation. Moreover, it will modernize accounting and tax payments. Blockchain technology, digitalization, tax administration, SWOT analysis, digital economy, digital services, tax policy
North Central Timor Regency is one of the regencies in the border region of the Republic of Indonesia-Timor Leste. This region is still categorized as an underdeveloped region with a fairly high percentage of poverty. The most reliable source of regional revenue comes from potential regional taxes and levies. Therefore, the purpose of this study is to determine the regional financial performance when viewed from the ratio of regional financial independence, the ratio of regional financial dependence and fiscal decentralization. Some of the variables used for data analysis needs are the value of PAD, Balancing Funds and Capital Expenditures from 2001-2018 obtained from the publications of the Central Statistics Agency. The results showed thatRegional financial capacity seen from the regional financial independence of North Central Timor Regency in financing its regional needs in the context of implementing regional autonomy is still low and dependence on other regions through the central government is very high.
Consumers' today desire a cashless economy based on digital currency, as well as a speedier and more convenient payment mechanism.The majority of cryptocurrency research is carried out in developed countries, mainly the United States and Europe.Yet, cryptographic money acknowledgment conduct and components that influence such acknowledgment has limited investigation, particularly in the developing country context.This study aims to examine the factors influencing behavioural intention (BI) to use cryptocurrency as an electronic payment from the viewpoint of the students' perspective.Constructs from the unified theory of acceptance and use of technology (UTAUT) and an added variable, Perceived Trust (PT), are examined to predict BI.A 5-point Likert scale online survey was given to a group of students to determine their intention to utilise cryptocurrencies as an electronic payment.The finding shows that all variables (Performance Expectancy, Effort Expectancy, Social Influence, perceived Trust and Facilitating Condition) play the dominant role in affecting the intention to use cryptocurrency among the students.Trust is a concern for Malaysians in this study as it is the only variable that the respondents responded negatively to.Malaysians are still cautious of cryptocurrencies, despite the fact that it is already used as a payment option by worldwide tech companies.The findings of this study can provide relevant authorities and businesses better understand the factors that consumers consider when considering using cryptocurrencies as a form of electronic payment.