Study Conducted Nationally Finds Consumers Aware of Virtual Currency, But Have Concerns
In a national survey conducted by the Massachusetts Division of Banks in collaboration with the Conference of State Bank Supervisors (CSBS) in May of this year, it was found that many consumers are aware of virtual currencies like bitcoin, but express concern about using or interacting with them. The survey, which polled 1,000 consumers, came to the following points:51% of those polled have heard of virtual currency, with awareness varied by race, gender, income, and education level. Respondents with higher incomes or higher education levels were 60-80% more likely to know about virtual....
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The MIT Digital Currency Initiative (DCI) has announced more than $100,000 in scholarships and support for underrepresented minorities and women to attend Consensus 2016: Making Blockchain Real. In collaboration with CoinDesk, the DCI will be selecting 50 Consensus Scholars to attend the event from 2nd to 4th May in New York City. This will be our second year collaborating on a scholarship effort for the conference – we are excited to continue to foster a more diverse community of attendees at Consensus. A study conducted on “Consumer Attitudes on Bitcoin and Other Virtual Currencies”....
The European Banking Authority (EBA) has issued a warning on potential risks related to virtual currencies, but the warning is largely focused on the possibility of fraud and theft. The authority points out that consumers are not protected by union regulation when they buy, trade or hold virtual currencies such as bitcoin. In addition, the regulator warns that there is no guarantee that currency values will remain stable. The EBA was apparently prompted to issue the warning due to a sudden increase in virtual currency trading and the fact that virtual currencies are constantly in the....
According to a study conducted by the US Department of Commerce, almost half of Americans are reluctant to shop online due to concerns over privacy and security. The study, conducted by the Department of Commerce’s National Telecommunications and Information Administration (NTIA), revealed that 45% of American households polled online reported limiting online activity because of security and privacy concerns. Fear of identity theft and government hearing unpopular opinions. According to the NTIA’s study, almost half of citizens were concerned about either transacting financially,....
Despite the risks that come with storing crypto assets with third parties, the findings of a new study suggest many cryptocurrency holders still trust exchanges with the safekeeping of their funds. Conducted by Binance Research, the study finds that 60% of “the general population store their cryptocurrencies on an exchange.” In contrast, 26% of the respondents use cold wallets and only 11% are using hot wallets. Security of Funds Remain a Key User Concern Dubbed the 2021 Global Crypto User Index, the study’s findings “are based on a global survey issued to over....
More than three-quarters of Saudi Arabian residents are aware of cryptocurrencies, a new Yougov survey has found. However, the study also found that only 18% of those surveyed are presently buying and selling cryptocurrencies. Easy Accessibility of Virtual Coins According to the findings of a Yougov survey, about 77% of Saudi Arabian residents are aware of cryptocurrencies, which suggests that the asset class “has generated a fair amount of awareness.” The study data, on the other hand, shows that only 18% of those surveyed confirmed they are buying and selling....