Cryptocurrency, like Bitcoin, is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. It is an emerging financial technology enabled by innovation, increasingly popular among global Internet users, and more interestingly, it challenges the existing financial and regulatory rules on the currency and payment systems of the world today. On the other side, certain cryptocurrency like Bitcoin, have been actively used as payment tools for illicit transactions. Both the “promising” and "challenging" faces of cryptocurrency trigger causes for concern for policy makers, not only from financial sector, but also legal and technological sectors. The decentralised nature of cryptocurrency creates unique problems for the government to regulate or impose any regulatory requirements. This article argues that, in order for Malaysia to remain at the forefront of financial and digital innovation, it is timely to look at the question on whether to formulate certain policy and regulatory framework on the use of cryptocurrency in Malaysian market. The answer can pave the way for Malaysian digital citizens to potentially grab the opportunities made possible by the cryptocurrency technology. For this purpose, the researchers seek to study the features of cryptocurrency and the experiences from policymakers in other jurisdictions in dealing with the matter.
In general, electronic voting as the technology advancement offers the opportunities to reduce the time and budget of implementation which present the greater advantages than traditional approach. It seeks establish the privacy framework in the context of electronic voting that aligns with the mutual comprehension of relevant factors and measures. The result found that privacy concern and perceived benefit have influenced personal data protection significantly. The success and failure of electronic voting implementation depend on the fulfilment of the voter needs on privacy and personal data protection.
The adoption of electronic voting has been done in various countries related to cost and time reduction operationally. On the other hand, recent publication has been informed several issues occurred such as technicality, reliability, security and privacy due to the compromised system were used. In small scale, there are certain group of people who want to exploit the vulnerabilities for their own benefit in the election, while in the greater scale, it can reduce public confidence to entrust the adoption of e-voting system to augment participation rate, to improve the quality of voting and to aid the political right effectively. This paper aims to investigate the characteristic of people demanding the legislative to address the criteria and indicator for effective implementation in electronic voting. By understanding the perception of voters in viewing current electoral regulation are essential to provide some ideas and opinions for better enhancement, either through recommendation and drafting related legislation to cater the needs.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.