A Systematic Review of Cryptocurrency Scholarship

Isaiah Adeleke, Umaru Mustapha Zubairu, Bilkisu Abubakar, Faiza Maitala, Yakubu Mustapha, Ekanem Ediuku



Purpose – The purpose of this paper was to conduct a systemic review of extant cryptocurrency research in order to identify important features of these studies and to provide directions for future cryptocurrency research. Methodology - The Systematic Quantitative Assessment Technique (SQAT) was used to identify and review relevant peer-reviewed journal articles that investigated various facets of cryptocurrency.

Findings – 54 journal articles were identified from 12 high-quality databases. The findings of the review revealed that most of the studies took place in Europe, North America and Asia, while Africa has been largely ignored. The main focus of cryptocurrency articles has been on a call for regulation of cryptocurrency without much work done on how to mitigate its vulnerability to the financing of terrorism and as a tool for money laundering. Finally, most cryptocurrency articles adopted a single research method – survey. There is a need for future studies to combine a variety of methods so as to gain additional insight into the issues of cryptocurrency’s vulnerability, risk identification and mitigation, regulation and acceptability.

Research limitations - The use of limited but high quality academic databases means that some articles were not considered for this review.

Originality/value – This study is one of the few studies to conduct a systematic review on a phenomenon which has the potential to transform the global financial landscape.


Keywords – Cryptocurrency, Systematic review, Regulation.

JEL Classification – G23, G38.

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