Abstract: Without the requirement for third-party approval, cryptocurrency enables anonymous, secure, quick, and inexpensive financial transactions. Although cryptocurrency is gaining global popularity, its applications are still limited. This research aims to investigate the factors influencing the acceptance of cryptocurrency as an investment tool, focusing on the moderating role of government policy. Using the Unified Theory of Acceptance and Use of Technology (UTAUT) extended with awareness, security, and trust, a survey was conducted with 220 respondents. Structural Equation Modelling (SEM) was employed to analyse the data. The findings revealed that the usage of cryptocurrencies is significantly affected by performance expectancy, facilitating conditions, social influence, awareness, and security in investment. However, trust does not affect the acceptance of cryptocurrency as an investment. The outcomes generate vital insights and strategies for cryptocurrency users, offering a crucial examination for stakeholders and professionals keen on understanding the underlying dynamics of cryptocurrency acceptance in investment.

Maslinda Mohd Nadzir, Rabea Abdulrahman Raweh, Hapini Awang and Huda Ibrahim, “Modelling the Moderating Role of Government Policy in Cryptocurrency Investment Acceptance” International Journal of Advanced Computer Science and Applications(IJACSA), 16(4), 2025. http://dx.doi.org/10.14569/IJACSA.2025.0160473

@article{Nadzir2025,
title = {Modelling the Moderating Role of Government Policy in Cryptocurrency Investment Acceptance},
journal = {International Journal of Advanced Computer Science and Applications},
doi = {10.14569/IJACSA.2025.0160473},
url = {http://dx.doi.org/10.14569/IJACSA.2025.0160473},
year = {2025},
publisher = {The Science and Information Organization},
volume = {16},
number = {4},
author = {Maslinda Mohd Nadzir and Rabea Abdulrahman Raweh and Hapini Awang and Huda Ibrahim}
}