Half of Asia's affluent investors have crypto in their portfolio: Report
This figure is expected to further balloon to 73% by the end of 2022, according to research from Accenture. Affluent investors in Asia are neither shy nor ignorant about crypto, with research revealing that 52% of them held some form of a digital asset during Q1 2022. According to research from Accenture published on June 6, digital assets, which include cryptocurrencies, stable coins, and crypto funds, made up on average 7% of the surveyed investors’ portfolios, making it the fifth-largest asset class for investors in Asia. It was more than they allocated to foreign currencies,....
Related News
Fidelity Digital released a survey report recently displaying substantial growth in a number of categories surrounding digital assets. Across Europe and the U.S., year-over-year growth existed in almost every category, which includes current exposure and perception and appeal. Let’s take a deeper dive into the survey and some of it’s takeaways. Crypto Catalysts: Fidelity’s Findings The 40-slide report outlines survey insights from over 1,000 respondents in Europe, Asia, and the U.S. between December 2020 and April 2021. Respondents included financial advisors,....
Crypto activity in Asia is equivalent to that in the U.S. and Europe combined. Research by Messari has delved into the Asian crypto landscape and revealed the region accounts for almost half of all digital asset trading, and boasts six of the top ten largest crypto unicorns.The report, penned by research analyst Mira Christanto, confirmed that China, Japan, Korea, Hong Kong, and Singapore, are market leaders with deep pools of liquidity, adding that other Asian countries also have great potential to scale.“With Asia accounting for 60% of the world population, infrastructure companies....
The proposal calls for a separate 20% tax on crypto earnings and exemptions of any tax on crypto gains, with losses carried forward for up to three years. The Japan Crypto-Asset Business Association (JCBA) and the Japan Crypto-Asset Exchange Association (JVCEA), the two prominent crypto advocacy groups in Japan, released a tax reform request that calls for lowering taxes for individual investors on crypto earnings. The fiscal 2023 tax reform request addressed key issues that the advocacy groups believe act as a hindrance to crypto adoption in the country. The proposal focused on the need....
Investments in alternative assets such as cryptocurrencies account for over half of the portfolio of non-qualified Russian investors, a recently held survey has indicated. Almost half of them consider digital currencies like bitcoin as a potential hedge. Cryptocurrencies Outperform Traditional Currencies and Stocks in Russia Alternative investments like crypto, real estate, and antiques constitute more than half of the portfolios of non-qualified investors in the Russian Federation, according to a new poll conducted by Investing.com. Digital currencies are leading among these options with....
Singapore’s renowned bank, DBS is now planning on expanding the crypto services to premier clients across Asia. The affluent clientele base amounts to around 300,000 in number. This news comes during such a time when the crypto market continues to totter under turmoil. Piyush Gupta, the chief executive of DBS, however, is of another opinion […]