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1 in 4 crypto customers wants greater regulation
New research has found one in four adults would invest more in cryptocurrency if regulation improved.
1 in 4 crypto customers wants greater regulation
New research has found one in four adults would invest more in cryptocurrency if regulation improved.
Research from UK-headquartered app Ziglu showed 23 per cent of cryptocurrency investors and people who have never bought digital currencies would either increase their holdings or put in money for the first time if regulation were to be tightened.
The research also shed light on the biggest barriers to investing in crypto, with price volatility coming in as the number one challenge for more than half (52 per cent) of those surveyed.
Lack of understanding was the next biggest barrier, with the research finding that 46 per cent of those surveyed believe they do not understand the market. Further, 35 per cent said they are worried about the risk of scams, while 9 per cent said they’re worried about the environmental impact of crypto mining.
Twenty-two per cent of crypto customers and would-be customers would like companies to offer better protection against hacking, while around a fifth wants guides to the market from companies in the sector, the research showed.
“The cryptocurrency market has attracted support from a wide range of retail investors as well as major corporates,” said Mark Hipperson, founder and chief executive of Ziglu, commenting off the back of the findings.
“There is still understandable worry about regulation of the market and that is reflected in the research and a concern we share at Ziglu ... The crypto market needs to be better at protecting investors.”
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