Cryptocurrency, operated through blockchain technology, is a new
form of digital currency which is used as a medium of exchange. It is
used in many countries but Bangladesh Bank, the central bank of
Bangladesh, halts a ban on its use and/or trading considering its
negative aspects. So, the perception towards virtual currency in
Bangladesh remains under shadow. Hence, the study investigates the
perception of a total 155 persons (having sound knowledge in this
new technology e.g., central bankers, bankers and finance and
accounting graduates) behind the intended use of cryptocurrency using
structural equation modelling. The study has four observed variables
(perceived ease of use, perceived usefulness, trust and perceived risk)
and one latent variable (behavioral intention to use cryptocurrency).
Finally, the result demonstrates that perceived usefulness and trust
have a significant impact, but perceived ease of use and perceived
risk have no significant impact on the intention to use cryptocurrency.
The paper enlightens the unexplored perception of the people of
Bangladesh towards cryptocurrency. The findings recommend that the
Bangladesh Bank may reconsider its decision regarding fintech
innovation considering cryptocurrency’s positivity and minimize the
dilemma keeping the deleterious sides under strict monitoring.
Keywords: Bangladesh Bank, Block chain, Cryptocurrency, Perceived
Ease of Use, Perceived Usefulness
JEL Classification: C51, C59, D40, G12