Crypto awareness of 76% in Spain
A survey has found that 76% of Spaniards surveyed know about crypto – and that almost a third know details about how tokens are regulated in the country.
The study was carried out by Spain’s market regulator National Securities Market Commission (CNMV), in connection with the data compiler Analysis and investigation. As part of their research, the bodies spoke to 1,500 people aged 16 to 70 in the country between May and June this year.
The survey also painted a familiar picture of a typical domestic crypto investor: Most people who said they invested in coins were university educated (almost half), upper middle class (64%), earned over $3,000 a month (41%), and male (66% ). And well over a third were aged 35 to 44, with a median age of 38 years and seven months.
Almost half of investors said they had put less than 5% of their total capital into cryptoassets, although a significant minority (4.5%) said they had invested half or more of their value in bitcoin (BTC) and other tokens.
Over one in ten of all men surveyed said they were crypto investors, along with just over 3% of women.
When it comes to regulation, 32% said they are “aware of the current state of regulation and cryptocurrency oversight.” But almost half said they were in the dark about the matter. And the remaining 20% said they believed some regulations were in place – although they were unsure of their nature.
There were also fascinating geographic insights: Almost a quarter of crypto investors were based in the capital Madrid, with a large number of investors also living in the traditionally wealthy Catalonia and Valencia regions. But there was also a surprising result: 14% of the investors were residents of the southern region of Andalusia – historically the poorest part of Spain.
Among non-investors, men were far more likely to know about crypto than women, the survey found – but knowledge didn’t really vary across age groups. Almost a third of respondents claimed that they had first heard about coins from family members and friends.
For the regulator, however, the level of public awareness in crypto regulation leaves something to be desired. CNMV wrote:
“Forty percent of respondents indicated that they remember warnings about crypto and issued by [central] Bank of Spainthe government, the The European Central Bankor CNMV.”
_____
Learn more:
– Spanish crypto holders are to be “burdened” with new rules for crypto declaration
– Spanish police spend $115,000 on crypto-surveillance technology to fight drug trafficking
– Global Professionals Increasingly Interested in Bitcoin and Crypto Payments – Report
– 84% of Brazilian high earners surveyed know what crypto is
– Mastercard: 51% of surveyed consumers in Latin America and the Caribbean have “experienced” crypto
– One in seven wealthy people now own “Digital Assets” – survey
– 13% of surveyed Canadians owned Bitcoin in 2021, up from 5% in 2020 – Bank of Canada
– Accenture sees strong demand for digital assets among Asian investors, but hesitancy among advisory firms
