6. Cryptocurrency Awareness in Kosovo

Even after more than a decade since the first issue of bitcoin, the cryptocurrencies are not yet used and recognized for the purpose they are created, i.e. cash for online transactions. Kosovo, a new developing country, still in transition, makes no exception to this issue. Kosovo has a young population and very high internet use, even so, the trust in a currency without insurance, is understandably low, especially when the method in which the currency is created is not fully comprehended by the majority. While most of the persons who participated in the survey have heard of cryptocurrencies, they have none or very little knowledge of the blockchain technology, which is the very foundation of the currency itself. In this study, we have analyzed the relation between age, level of education, use of digital options for payments, and cryptocurrency awareness and perception among the population. A factor with a direct impact on the possible use of bitcoin is its legal regulation, the absence of which impacts also on the perception about cryptocurrency. Therefore, the issue of normative framework seems to be crucial for the future of cryptocurrencies so that the perception of many may be changed and trust in a currency created by a new technology may be gained. We determine that the millennials could be the generation that will use the cryptocurrency in the future since their perception of this issue is considerably different from the ones that now are holders of the capital.