Cryptocurrency Market in Kenya: A Review of Awareness and Participation by the youths

Charles Kamau

No 5ub7v, SocArXiv from Center for Open Science

Abstract: This study examines Kenyan youths' level of knowledge and involvement in the cryptocurrency industry. Digital currencies known as cryptocurrencies use a peer-to-peer technology to speed up internet transactions. The idea of crypto currencies started out slowly in the 1980s but has since developed significantly. The study collected secondary data and conducted online surveys. In this study, panel data from four different crypto currencies' values, transaction fees, and volume over a six-year period were studied. The findings indicate a connection between the number of cryptocurrency transactions, their prices, and their transaction costs. The research also demonstrates how much the youth in Kenya are aware of and using cryptocurrencies. This paper also highlights some factors that may be considered when engaging in crypto business. It also highlights some of the principal properties of cryptos. The study concludes that there is a need for both local and international regulation of the cryptocurrency market so as to boost investor confidence and improve security.

Date: 2022-07-29
New Economics Papers: this item is included in nep-mon and nep-pay
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://osf.io/download/62e176cec79a4c62f09e5ee1/

Related works:
Journal Article: The Cryptocurrency Market in Kenya: A Review of Awareness and Participation by the Youth (2022)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:osf:socarx:5ub7v

DOI: 10.31219/osf.io/5ub7v

Access Statistics for this paper

More papers in SocArXiv from Center for Open Science
Bibliographic data for series maintained by OSF ().