Digital Currency: Can the Accountant Profession Compensate? A Literature Review

This study aims to examine and evaluate the development of research related to digital currencies, both cryptocurrencies and Central Bank Digital Currency (CBDC). We found thirty-three articles from twenty-four Scopus-indexed journals. The year of publication was ignored, but the search area was limited to accounting, taxation and auditing perspectives. The analysis was grouped into two parts, namely the challenges of digital currency on the accounting profession and the opportunities of digital currency on the accounting profession. We used a Systematic Literature Review (SLR) with a mapping approach to explore the various implications faced by countries that have adopted digital currency. Our findings highlight the challenges that occur from the use of digital currency such as disclosure risk due to the unique nature of digital currency. In addition, this study highlights the importance of adapting new accounting standards and practices to effectively manage digital currency transactions. The results of this study can be utilized by researchers to identify potential areas for further research. However, this research is limited to the scope of articles only obtained through Scopus indexed journals.