Nearly 7% of Spanish people have dabbled in crypto, but the country's securities-market regulator worries they don't understand the risks. jackschickler reports.
As many as 6.8% of Spanish people have invested in crypto at some point, driven mainly by the hope of profit and faith in the underlying technology, according to a survey carried out by the country’s securities markets regulator.announced in January in response to concerns that the involvement of influencers such as FC Barcelona soccer star Andrés Iniesta could tempt people into taking undue risks.
While nine in ten of those interviewed recalled seeing information about the risks of investing in crypto, the regulator nevertheless appears worried by an overall lack of awareness about the sector. Even though the European Union has struck a political deal on a new licensing regime for virtual assets across the bloc, the Markets in Crypto Assets Regulation , it won’t take effect for a couple of years.
The study, carried out with survey company Análisis e Investigación, involved 1,500 adults and took place in May and June this year.
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