Around 30% of Singaporeans already own cryptocurrency, plan to buy more

Singapore has made significant strides in establishing regulatory standards for the cryptocurrency industry and at least a third have already invested themselves in the scene by buying some sort of crypto token or coin. In our latest study featured in Mashable we surveyed N=1,000 respondents in Singapore to find out their views on cryptocurrency and understand the types of investment asset they think provides the best returns.

The survey found that nearly 60 percent of Singaporeans are not well-versed in crypto technology, or have not heard of crypto at all.

Mashable - “Despite a generally positive attitude towards crypto, the government has most recently moved to dissuade citizens from investing in the space, clamping down on crypto ATMs and warning the public of the dangers of "impulse buying” without considering risks. It seems as if the volatility of cryptocurrency over the past few weeks may have raised concerns amongst officials of what might happen if Singaporeans continue to expose themselves.”

Read the full features on:

• Mashable
• Singapore Business Review
• Zaobao