A recent poll in South Africa on awareness and attitudes towards cryptocurrency has shown that 38% of respondents wished that they had invested in digital currency before, writes Cointelegraph.
The poll was conducted by Pan-African financial services company Old Mutual Limited. The annual Savings and Investment Monitor survey for South Africa revealed that in general, South Africans were currently largely positive about cryptocurrencies.
Along with 38% of people responding positively to the statement “I wish I had invested in [crypto] before”, another statement, “You can make a lot of money with them”, received a huge 71% agreement from the public.
The statement “They are bad news, like a pyramid scheme” seemed to resonate with 43% of respondents, while 53% had no idea how digital currencies actually worked.
Overall, and clearly important for the development of cryptocurrency in the region, according to the poll, more South Africans were unaware of the industry than those who were, with a 60/40 split.
As Bitcoin News reported recently, South Africa is developing its cryptocurrency space. The South African Reserve Bank has recently taken steps to introduce a new non-state self-regulatory body (SRO) aimed at overseeing further developments in the industry. Further to that, the SARB has announced that it wants to build a proof-of-concept wholesale payment system for interbank settlement using a South African rand token on DLT.
Europeans, according to recent statistics, are reported to be far more familiar with cryptocurrencies and take up in some countries such as Switzerland and the UK is significant. A recent ING survey suggested that 66% of Europeans were familiar with crypto and 33%, when prompted, saw it as the future of online spending. The awareness rate was found to be lower in the US with only 57% of respondents having heard of cryptocurrencies.
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