Key Takeaways
- Over 7% of spanish residents have at some point ventured into cryptocurrency.
- They have ventured into cryptocurrency with the goal to gather profit and unveil their belief in the underlying tehcnology.
According to a survey by the Spanish securities market regulator, over 7% of Spanish residents have at some point ventured into cryptocurrencies with the aim of making a profit and demonstrating their faith in the underlying technology. The CNMV review comes after a prohibition on cryptocurrency advertisements that was imposed in January in response to worries that personalities like FC Barcelona soccer player Andrés Iniesta could persuade consumers to take unwarranted risks.
Despite the fact that 90% of people surveyed could recollect reading more about the dangers of investing in cryptocurrencies, the regulator still seems concerned about the general lack of knowledge about the industry.
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Almost 7% of Spanish Have Invested in Crypto, Regulator Says
The Market in Crypto Assets Regulation (MiCA), a deal reached by the European Union concerning the new licensing era for virtual assets throughout the bloc, won't go into effect for a while.
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For the time being, crypto companies can register in the nation to show conformity with anti-money laundering standards, as Binance subsidiary Moon Tech Spain appears to have done in July.1,500 persons participated in the study, which was conducted in May and June of this year with the survey organization Analisis e Investigación.
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Based on a summary of findings released by the regulator on Thursday, "it is notable that 40percent of crypto investors regard cryptocurrencies to be legally regulated and that 29% assume they pose the same risks like other assets. According to the report, more than fifty percent of individuals believe that crypto ad cautions are legible and adequately large. Let's know what you think about this in the comment section below.
