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Singaporeans Are More Aware of Crypto Than Australians
Singapore received an Independent Reserve Cryptocurrency Index score of 63 for crypto awareness.
Singapore residents have more awareness of cryptocurrencies than Australians do, according to the first survey conducted in the city-state for cryptocurrency exchange Independent Reserve.
STORY CONTINUES BELOW
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- Singapore received an Independent Reserve Cryptocurrency Index (IRCI) score of 63 out of 100 for crypto awareness, a survey conducted by Toluna found. This is the first time the survey has been carried out for Singapore.
- The figure compares with a 2020 reading of 47 for Australia.
- Independent Reserve attributes the higher reading to the country's stable regulatory environment for crypto and the strength of its crypto industry.
- More than 90% of Singaporeans know of at least one cryptocurrency, with bitcoin having the most recognition, the survey found.
- More than 40% own some crypto, though 7% of respondents say it's a scam.
- The survey polled more than 1,000 people.
See also: France Tests CBDC Flows With Singapore Using Automated Liquidity Pool
Sheldon Reback
Sheldon Reback is CoinDesk editorial's Regional Head of Europe. Before joining the company, he spent 26 years as an editor at Bloomberg News, where he worked on beats as diverse as stock markets and the retail industry as well as covering the dot-com bubble of 2000-2002. He managed the Bloomberg Terminal's main news page and also worked on a global project to produce short, chart-based stories across the newsroom. He previously worked as a journalist for a number of technology magazines in Hong Kong. Sheldon has a degree in industrial chemistry and an MBA. He owns ether and bitcoin below CoinDesk's notifiable limit.
