ACC304 Accounting Theory & Practice – Semester 3, 2020

Cryptocurrency – Interview guide

What are cryptocurrencies?
Cryptocurrencies are a variety of digital currencies.
Cryptocurrency is an asset used as a means of exchanging. It is considered reliable because
it’s based on cryptography.

One of the cryptography’s primary objectives is communications and how to make them
secure. It creates and analyses the algorithms and protocols so no information is changed or
interrupted during the conversation by third parties. Cryptography is a mix of a large number
of different sciences, with mathematics as the basic. It’s math that attaches the severity and
reliability to algorithms and protocols.

Cryptocurrencies use Blockchain and a decentralised ledger. It means that no supervisory

authority controls all the actions in the network. This comes at the expanse of all the users.
Extracted from https://cointelegraph.com/explained/digital-currencies-vs-cryptocurrencies-explained

Archival #: 1
Site/place: all filled up information
Interviewer: all filled up information
Date: all filled up information
Start: all filled up information
End: all filled up information

Question 1
Do you know what is cryptocurrency? Do you use it? How? Why?
Response

Question 2
Do you know how to account for the cryptocurrency in the financial statements? How? Why?
Response

Question 3
Do you think our government should REGULATE the cryptocurrency transaction in view of
illegal activities (such as money laundering and terrorism)? How? Why?
Response

Question 4
Do you think our government should ISSUE our own cryptocurrency, and develop our own
cryptocurrency-friendly regulatory regime? How? Why?
Response

Question 5

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Do you think our government should BAN the cryptocurrency transaction? How? Why?
Response

Question 6
What do you think about using the cryptocurrency according to the Islamic teaching? How?
Why?
Response

Question 7
Any benefit and issue of using the cryptocurrency? How? Why? Any suggestion to
overcome the issue?
Response

Question 8
Is there anything more you would like to add?
Response

Respondent profile – all filled up information

Gender:

Age:

Religion:

Highest level of education (please indicate): SPM / Diploma / Degree / Professional

qualification / Postgraduate

Education background (please indicate): Accounting & finance / Non-accounting & finance,
please state:

Position in current (working) organisation:

Total number of year (working):

End of interview, thank you for your time.

Sample

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