Leeds STV
Image default

Relative majority of respondents want crypto as a legal tender

A survey by The Economist shows that 37% of respondents would like bitcoin (or other cryptocurrency) to be recognized as legal tender in their country. However, the same group of people do see salvation in a Central Bank Digital Currency (CBDC aka state-issued stablecoins).

The Economist asked 3,000 people from 11 countries. Both from the more developed economies (the US, UK, France, South Korea, Australia and Singapore), but also from the emerging economies (Brazil, Turkey, Vietnam, South Africa and the Philippines ).

They wanted to find out what is the point of view of the inhabitants from these countries about the crypto industry.

About 37% of respondents said they will support their government if they decide to recognize bitcoin as an official payment option. 43% were neutral and had no opinion on the issue, while 18% spoke out against such a step.

However, it was not specifically bitcoin that one was a fan of. The results were similar in terms of launching a CBDC. 37% believe that the authorities should put this on the market. About 19% think this would be a bad move.

NFTs are also popular: 60% are considering purchasing a digital proof of ownership, while 7% do not see anything in this at all.

Mary Johnson

Mary Johnson is a native of Leeds, journalist and PhD candidate at the University of Glasgow. She is mainly interested in foreign affairs, geopolitics and investigative journalism.

Related posts

EU considers UK is in a minor league now

Mary Johnson

Boffins strongly advise against the ‘Freedom Day’, it’s ‘dangerous and irresponsible’

Mary Johnson

Sapar Karyagdyyev: “Media entertainment industry has been substantially amended during the pandemic”

Mary Johnson

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.

This site uses Akismet to reduce spam. Learn how your comment data is processed.