Cryptocurrencies gaining traction among S'poreans: Study

While China has cracked down on crypto firms and regulators in the West are calling for tighter checks on cryptocurrency, Singapore regulations are seen to be crypto-friendly and have been attracting global firms dealing in virtual money to set up of
While China has cracked down on crypto firms and regulators in the West are calling for tighter checks on cryptocurrency, Singapore regulations are seen to be crypto-friendly and have been attracting global firms dealing in virtual money to set up offices here.PHOTO: REUTERS

Cryptocurrencies are gaining traction, with plenty of Singaporeans now owning some form of the virtual cash while others are keen to add it to their investment portfolios, a survey has noted.

It found that about 43 per cent of 1,000 people polled have cryptocurrency, with 46 per cent saying that they intend to buy some in the next 12 months.

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A version of this article appeared in the print edition of The Straits Times on July 26, 2021, with the headline 'Cryptocurrencies gaining traction among S'poreans: Study'. Subscribe