fbpx
  • Price Tracker
  • Guest Post
  • Advertising & Partnership
  • Press Release
  • Editorial Policy
Coin Culture
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Business
    • Policy & Regulation
    • Tech
    • People
  • Markets
    • Forecast
      • Ethereum Price Predictions
      • Bitcoin Price Predictions
  • 101 Guide
    • Blockchain Guide
    • Trading Guide
    • Bitcoin Guide
    • DeFi Guide
    • Ethereum Guide
  • Product Reviews
    • Crypto Exchange Reviews
      • CoinSpot Review
      • Swyftx Review
      • Binance Australia Review
      • MEXC Review
      • BitMart Exchange Review
      • Bybit Australia Review
      • CoinSpot Mastercard Review
    • Exchange Comparisons
      • CoinSpot vs Swyftx vs Binance
      • Coinspot vs Binance
      • Crypto.com vs. Binance
      • CoinSpot vs Kraken
      • Swyftx vs Coinbase
  • Contact
    • About Us
    • Submit Press Release
    • Submit Querry
    • Submit Guest Post
  • Crypto Wiki
No Result
View All Result
Coin Culture
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Business
    • Policy & Regulation
    • Tech
    • People
  • Markets
    • Forecast
      • Ethereum Price Predictions
      • Bitcoin Price Predictions
  • 101 Guide
    • Blockchain Guide
    • Trading Guide
    • Bitcoin Guide
    • DeFi Guide
    • Ethereum Guide
  • Product Reviews
    • Crypto Exchange Reviews
      • CoinSpot Review
      • Swyftx Review
      • Binance Australia Review
      • MEXC Review
      • BitMart Exchange Review
      • Bybit Australia Review
      • CoinSpot Mastercard Review
    • Exchange Comparisons
      • CoinSpot vs Swyftx vs Binance
      • Coinspot vs Binance
      • Crypto.com vs. Binance
      • CoinSpot vs Kraken
      • Swyftx vs Coinbase
  • Contact
    • About Us
    • Submit Press Release
    • Submit Querry
    • Submit Guest Post
  • Crypto Wiki
No Result
View All Result
Coin Culture Logo
No Result
View All Result

Home » Research From European Central Bank Reveals 10% Of Eurozone Households Own Crypto

Research From European Central Bank Reveals 10% Of Eurozone Households Own Crypto

Van Tran by Van Tran
July 1, 2022
in Policy & Regulation
Research From European Central Bank Reveals 10% of Eurozone Households Own Crypto
Share on FacebookShare on Twitter

You might also like

SEC Advances Appeal in Ripple Case, Challenging Earlier Ruling on XRP Sales

Australia, Canada, and Colombia made right decisions to halt CBDC plans

IMF Once Again Urges El Salvador to Strengthen Regulatory Framework and Oversight of Bitcoin

The ECB stated in a chapter that was pre-released from its Financial Stability Review that even though recent volatility hasn’t spread to the rest of the world’s financial system, the threat is getting bigger as more institutional investors get involved.

According to the data, retail investors account for a large part of the crypto-asset investor base:

“Recent results from the ECB’s Consumer Expectation Survey (CES) for six large euro area countries indicate, based on experimental questions, that as many as 10% of households may own crypto-assets.”

The ECB added:

“As this is a global market and therefore a global issue, global coordination of regulatory measures is necessary. Based on the developments observed to date, crypto-asset markets currently show all the signs of an emerging financial stability risk.”

Wealthiest most likely to own some crypto

According to the ECB’s Consumer Expectations Survey, an average of 10% of homes in the six countries where the poll is conducted own crypto-assets, with the ratio ranging from 6% in France to 14% in the Netherlands.

Approximately 37% of respondents reported having cryptocurrency worth up to 999 euros ($1,065), while 29% held between 1,000 and 4,999 euros, and 13% held between 5,000 and 9,999 euros.

While the wealthiest 20% in each country were the most likely to own cryptocurrencies, a greater proportion of lower-income families were reported to hold more cryptos than those in the middle ground.

“On average, young adult males and highly educated respondents were more likely to invest in crypto-assets in the countries surveyed. With regard to financial literacy, respondents who scored either at the top level or the bottom level in terms of financial literacy scores were highly likely to hold crypto-assets.”

ECB survey crypto-assets in EU: Source: ECB

Crypto regulation issues

The European Central Bank (ECB) reaffirmed its long-held opinion that the crypto assets were not suitable for the vast majority of ordinary investors and urged the regulatory bodies of the European Union to “urgently” enact new regulations controlling crypto assets.

The European Central Bank believes that due to the rapid growth in size and complexity of crypto markets, this industry is on the verge of posing a threat to the nation’s financial stability and must be regulated immediately.

Christine Lagarde, the president of the European Central Bank, recently shared her opinions on the value of cryptocurrency assets, saying, “my very humble assessment is that it is worth nothing.”

Van Tran

Van Tran


EDUCATION
Bachelor of Finance, University of Virginia
SUMARY Van Tran brings over a decade of experience in the financial services industry, with a specialisation in cryptocurrency. She used to serve as a Senior Crypto Writer at Coin68, where she managed ecosystem and trading guide columns and led the trading department. Her expertise includes trade review, compliance, suitability evaluation, and supervisory programs.
EXPERIENCE
Senior Crypto Writer, Coin68 (2020-2022) Managed ecosystem and trading guide columns. Led the trading department, overseeing trade review and compliance. Evaluated suitability and ensured compliance with education requirements. Implemented and supervised compliance programs for representatives.

Recommended For You

SEC Advances Appeal in Ripple Case, Challenging Earlier Ruling on XRP Sales

by Van Tran
October 18, 2024
0
SEC Advances Appeal in Ripple Case, Challenging Earlier Ruling on XRP Sales

The U.S. Securities and Exchange Commission (SEC) has taken further steps in its appeal against a previous ruling in its ongoing legal battle with Ripple Labs. Late Thursday,...

Read more

Australia, Canada, and Colombia made right decisions to halt CBDC plans

by Van Tran
October 12, 2024
0
Australia, Canada, and Colombia made right decisions to halt CBDC plans

Australia, Canada, and Colombia have recently put brakes on their plans to launch central bank digital currencies (CBDCs). Interestingly, the opposition this time is coming not just from...

Read more

IMF Once Again Urges El Salvador to Strengthen Regulatory Framework and Oversight of Bitcoin

by Van Tran
October 7, 2024
0
IMF Once Again Urges El Salvador to Strengthen Regulatory Framework and Oversight of Bitcoin

The International Monetary Fund (IMF) has once again urged El Salvador to refine its Bitcoin law and strengthen regulatory oversight of its Bitcoin ecosystem.  During a press conference,...

Read more

SEC Requests Four-Month Extension to Submit Documents in Coinbase Case

by Van Tran
September 21, 2024
0
SEC Requests Four-Month Extension to Submit Documents in Coinbase Case

Following the current legal battle between the United States Securities and Exchange Commission and crypto exchange Coinbase, the SEC’s legal team has requested the court to allow them...

Read more

“Australia’s regulations haven’t kept up with innovation,” says crypto leaders

by Van Tran
September 20, 2024
0
“Australia’s regulations haven’t kept up with innovation,” says crypto leaders

Some crypto experts have expressed concerns about Australian laws to keep up with the development and adoption of digital currencies in the country. They suggest that the government’s...

Read more
Next Post
Fed Report: 12% of American Adults Invested in Crypto in 2021

Fed Report: 12% Of American Adults Invested In Crypto In 2021

Please login to join discussion

Most popular

  • Why Brands Should Adopt A ‘Hybrid DAO’ Model

    Why Brands Should Adopt A ‘Hybrid DAO’ Model

    169 shares
    Share 68 Tweet 42
  • Kucoin Review 2024: Features, Fees & More

    146 shares
    Share 58 Tweet 37
  • Guide To Crypto Twitter: Influencers, Traders And Ventures 2024

    1202 shares
    Share 480 Tweet 300
  • Cryptocurrency Regulations in Australia: A Brief Overview 2024

    164 shares
    Share 66 Tweet 41
  • 11 Best Crypto Debit Cards In Australia: A Curated List 2024

    422 shares
    Share 169 Tweet 106

Recommended

Ethereum Foundation Reveals $788 Million in Crypto Holdings, Mostly in Ether, Amid Transparency Push

Ethereum Foundation Reveals $788 Million in Crypto Holdings, Mostly in Ether, Amid Transparency Push

November 9, 2024
Solana Surpasses Binance Coin (BNB) as Fourth-Largest Cryptocurrency

Solana Surpasses Binance Coin (BNB) as Fourth-Largest Cryptocurrency

November 8, 2024
Trump Declares Victory - What will the US Crypto be?

Trump Declares Victory – What will the US Crypto be?

November 6, 2024
Kraken Introduces Crypto Derivatives Suite for Australian Wholesale Clients

Kraken Introduces Crypto Derivatives Suite for Australian Wholesale Clients

November 5, 2024
coin culture logo

Your Australian news source for all things cryptocurrency. Coin Culture is an independent media outlet that aims to provide an Aussie take on crypto, digital assets, and investing.

Hot Topics

  • DeFi
  • NFT
  • Gaming

Top articles

CoinSpot Review
Swyftx Review
Best Crypto Exchanges Australia
CoinSpot vs Swyftx

BROWSE BY TAG

Altcoin News Bitcoin CoinSpot Cryptocurrencies Crypto Exchange Crypto Tax DeFi Dogecoin Dogecoin News ETF Ethereum Feature FED FTX Games hacks Layer2 Markets meme Metaverse Mining NFT Opinion People Policy and Regulation Polygon SEC Security Solana News Stablecoins Tech Top Crypto News Australia | CoinCulture Trading US web3 XRP News

RECENT POSTS

  • Ethereum Foundation Reveals $788 Million in Crypto Holdings, Mostly in Ether, Amid Transparency Push
  • Solana Surpasses Binance Coin (BNB) as Fourth-Largest Cryptocurrency
  • Trump Declares Victory – What will the US Crypto be?

© 2023 CoinCulture. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.
  • bitcoinBitcoin(BTC)$103,263.001.99%
    BITCOIN
    24H : 1.99%
    Volume : $50,960,411,225.00
    Marketcap : $2,050,623,267,782.00
  • ethereumEthereum(ETH)$2,341.4813.27%
    ETHEREUM
    24H : 13.27%
    Volume : $53,361,546,386.00
    Marketcap : $282,735,341,607.00
  • tetherTether(USDT)$1.000-0.01%
    TETHER
    24H : -0.01%
    Volume : $61,946,632,164.00
    Marketcap : $149,742,559,049.00
  • rippleXRP(XRP)$2.364.98%
    XRP
    24H : 4.98%
    Volume : $6,955,347,105.00
    Marketcap : $138,167,977,883.00
  • binancecoinBNB(BNB)$636.603.09%
    BNB
    24H : 3.09%
    Volume : $1,630,701,260.00
    Marketcap : $92,835,178,167.00
  • solanaSolana(SOL)$172.147.55%
    SOLANA
    24H : 7.55%
    Volume : $9,469,361,910.00
    Marketcap : $89,282,124,189.00
  • usd-coinUSDC(USDC)$1.0000.00%
    USDC
    24H : 0.00%
    Volume : $18,246,834,811.00
    Marketcap : $60,740,082,055.00
  • dogecoinDogecoin(DOGE)$0.2057.60%
    DOGECOIN
    24H : 7.60%
    Volume : $3,059,609,037.00
    Marketcap : $30,523,852,158.00
  • cardanoCardano(ADA)$0.7836.78%
    CARDANO
    24H : 6.78%
    Volume : $1,655,607,281.00
    Marketcap : $28,254,051,536.00
  • tronTRON(TRX)$0.2622.84%
    TRON
    24H : 2.84%
    Volume : $1,616,931,506.00
    Marketcap : $24,878,478,848.00

Add New Playlist

No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Business
    • Policy & Regulation
    • Tech
    • People
  • Markets
    • Forecast
      • Ethereum Price Predictions
      • Bitcoin Price Predictions
  • 101 Guide
    • Blockchain Guide
    • Trading Guide
    • Bitcoin Guide
    • DeFi Guide
    • Ethereum Guide
  • Product Reviews
    • Crypto Exchange Reviews
      • CoinSpot Review
      • Swyftx Review
      • Binance Australia Review
      • MEXC Review
      • BitMart Exchange Review
      • Bybit Australia Review
      • CoinSpot Mastercard Review
    • Exchange Comparisons
      • CoinSpot vs Swyftx vs Binance
      • Coinspot vs Binance
      • Crypto.com vs. Binance
      • CoinSpot vs Kraken
      • Swyftx vs Coinbase
  • Contact
    • About Us
    • Submit Press Release
    • Submit Querry
    • Submit Guest Post
  • Crypto Wiki

© 2023 CoinCulture. All rights reserved.