Singaporeans Are More Aware of Crypto Than Australians
26 Jul, 2021•1 min read•Other
Singapore residents are more aware of cryptocurrencies that Australians, according to the first survey conducted in the city-state for cryptocurrency exchange Independent Reserve.
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.