In the latest Bitcoin news, we are monitoring the progress of the cryptocurrency in parts of the world like South Africa, Malaysia and Indonesia – all of which have outpaced Europe in terms of crypto awareness and ownership.
According to a survey that was commissioned by the crypto firm Luno, the level of ownership and familiarity with cryptocurrencies was higher in the countries – when compared to the European markets. The three emerging markets (Malaysia, South Africa and Indonesia) enjoyed variosu levels of crypto ownership at 39%, 29% and 40% respectively.
The levels of familiarity were 63% (Indonesia), 57% (Malaysia) and 69% (South Africa), according to the study. The best performing market in Europe, on the other hand, was the one in Netherlands where cryptocurrency ownership was at 27% and the level of cryptocurrency familiarity was at 39% accordingly.
France, Italy and Germany are behind Netherlands in terms of Bitcoin and crypto awareness and ownership, but are still performing poorly compared to the three emerging markets in South Africa, Malaysia and Indonesia.
As the respondents from Europe said, the main issue is the fact that they lack enough knowledge necessary to buy or use cryptocurrencies. The South Africans, Indonesians and Malaysians, however, revealed that they had adequate information that makes them confident buying or using cryptocurrencies.
“In Europe people stated that they do not have enough knowledge (access to information) to feel sure about buying/using crypto while in South Africa, Indonesia and Malaysia wasn’t a big issue, people rather felt confident and stated to have access to enough information,” the survey noted after interviewing more than 1,000 respondents in each of the 10 countries it was conducted in.
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