New Study Shows 37% Of People Want Governments To Legalize Bitcoin
Given the growing interest in crypto adoption as a legal tender, it’s not shocking that many participants will wish to legalize bitcoin. The level of support for crypto was evident in a new survey conducted by The Economist. This survey aimed to know the number of people who want their governments to legalize crypto. The number of respondents was 3,000, and the result showed that 37% want a legalized bitcoin and other cryptos for transactions. Another aspect of the survey looked at the support for CBDC. The result also showed 37% support for governments to issue the financial....
Related News
A recent study by major market research firm Roy Morgan shows that more than 1 million Australians now own cryptocurrency. “The value of all cryptocurrency holdings for people aged 50+ is around $7.6 billion,” the study shows. Study: Over 1 Million Australians Own Cryptocurrency Australian research firm Roy Morgan has conducted a study into....
China’s central bank, the People’s Bank of China (PBOC), has drafted a law to legalize the digital yuan and outlaw digital currencies issued by anyone else competing with it. Meanwhile, the central bank has been cracking down on gambling sites that use the stablecoin tether. China Drafts Law to Recognize Digital Yuan The People’s Bank of China published a draft law on Friday that gives legal status to its central bank digital currency (CBDC), the digital yuan. The central bank has also begun a public consultation on the draft law; comments can be submitted through Nov.....
It should come as no surprise to find out a lot of people have heard of Bitcoin by now, even though very few consumers have used the cryptocurrency so far. A new German Consumer Payment Study shows 1% of participants have ever used Bitcoin, which is a disappointing number. Although these types of studies do not paint the complete picture of consumerism in Germany, there are some telling signs regarding Bitcoin adoption in the country to be found. Considering how there are so many different payment options available in the country, it should come as no surprise to know Bitcoin is not all....
For the longest time, people have assumed the profits made from ransomware attacks is very lucrative. But a recent study by Flashpoint paints an entirely different picture. While there is still money to be made, the numbers are far lower than most people think they are. Flashpoint conducted a five-month study of a Russian ransomware operation to see how lucrative this business model is. As it turns out, the operators of this service make far less money than most people anticipated. The “upper brass” makes US$90k per year, which is still a nice amount, but not that high all things....
The latest study by the World Bank shows that it costs 4.98% on average to remit funds to South Asia which makes it the least expensive region while sub-Sahara Africa is the most expensive with an average cost of 8.47%. The quarterly study also finds that it is costlier to remit funds when using service providers such as banks that charge an average of 10.89%. Marginal decline Mobile operators are the cheapest as their sending costs averaged 3% and below during the period under review. Still, the study, which predictably excludes cryptocurrencies, shows a marginal decrease in the Global....