Forex in this article
This emerges from a pilot study published on Tuesday by the European Central Bank (ECB). The possession of Bitcoin & Co. is more popular in the Netherlands with 14 percent of households than in Germany with around nine percent and France, where it is only six percent.
According to the study, which is also based on data from Belgium, Italy and Spain, around 37 percent of those surveyed have crypto assets estimated to be worth up to 999 euros. For 29 percent it is between 1000 and 4999 euros and for 13 percent 5000 to 9999 euros. Only six percent were more than 30,000 euros. Across all countries, the top 20 percent of the income pyramid was the most likely to buy crypto assets. However, a higher proportion of low-income households than middle-class households reported having it.
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On average, younger men and better educated citizens tend to be buyers of crypto assets, the study continues. The ECB considers such assets to be rather unsuitable for small investors. She has called on the European Union to urgently issue new rules for these financial investments, which are notorious for their capricious prices. For most of them, supply and demand alone determine the price. Stablecoins are cryptocurrencies that are designed for price stability. This is intended to simplify their use as a means of payment or an investment. Exchange regulators, who have long struggled to regulate the cryptocurrency market around the world, have repeatedly pointed to the risks to financial stability.
Frankfurt/Berlin (Reuters)
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