The CNMV, the institution that oversees the securities markets in Spain, has revealed the results of its latest cryptocurrency popularity report.
The results of a new report commissioned by the CNMV, the securities watchdog in Spain, have found that three out of four citizens have heard about cryptocurrencies. However, the report, which included opinions from 1,500 participants, also found that this knowledge is still minimal, and that less than 10% have actually purchased cryptocurrency as a means of investment.
Most of the surveyed lack knowledge about crypto, or have only heard or read about crypto on some occasion. Almost 70% of the surveyed were included in this dominant group.While other reports have stated that a significant number of Spaniards have invested in crypto in during recent years, this one hints at crypto still being a niche product as an investment. Only 6.8% of the surveyed reported having invested in cryptocurrencies at some point.