Effects of Ethics and Culture on One's Trust in Cryptocurrencies: An Inter-country Configurational Analysis

Authors

Arif Perdana, Monash University
W. Eric Lee, University of Northern Iowa
Chu Yeong Lim, Nanyang Technological University
Gary Pan, Singapore Management University
Poh Sun Seow, Singapore Management University

Comments

First published in Telematics and Informatics, v102 (Oct 2025) published by Elsevier BV. DOI: https://doi.org/10.1016/j.tele.2025.102315

Document Type

Article

Publication Version

Published Version

Keywords

Bitcoin, Blockchain, Cryptocurrencies, Culture, Ethics, International comparisons, Trust

Journal/Book/Conference Title

Telematics and Informatics

Volume

102

First Page

1

Last Page

26

Abstract

The characteristics of cryptocurrencies, such as decentralization, fluctuation, and anonymity, have often raised ethical concerns about their impact on privacy, cybersecurity, prosperity, and liberty. With an increased awareness of the potential consequences, it is essential to address how, in the face of ethical challenges, and together with one's unique cultural values, various influences may affect the issue of trust toward cryptocurrencies. From an inter-country perspective, this study examines how ethical elements and cultural dimensions can interact to influence trust. In particular, we examine the ethical and cultural aspects of trust formation among cryptocurrencies’ users in the three predominant countries of Germany, China, and the United States. We use configurational analysis to investigate the relationships among ethics, culture, and trust in cryptocurrencies across these countries. The results of this study contribute to a greater global understanding of how different configurations of ethics and culture can influence one's trust in cryptocurrencies.

Department

Department of Accounting

Original Publication Date

9-17-2025

Object Description

1 PDF File

DOI of published version

10.1016/j.tele.2025.102315

Repository

UNI ScholarWorks, Rod Library, University of Northern Iowa

Copyright

©2025 The Author(s)

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Language

en

File Format

application/pdf

Recommended Citation

Perdana, Arif; Lee, W. Eric; Lim, Chu Yeong; Pan, Gary; and Seow, Poh Sun, "Effects of Ethics and Culture on One's Trust in Cryptocurrencies: An Inter-country Configurational Analysis" (2025). Faculty Publications. 6877.
https://scholarworks.uni.edu/facpub/6877