The survey polled above 31,000 residents in 12 member states within the European Union (EU), particularly Germany, Estonia, France, Greece, Hungary, Italy, Latvia, Lithuania, the Netherlands, Poland, Spain and Portugal. Many of the residents surveyed in favour of an impartial cryptocurrency regulation in every nation in comparison with the full 25 p.c that authorized EU imposed regulation. These surveyed individuals nevertheless admitted that they’ve inadequate data about cryptocurrency, pointing to the truth that regardless of the current crypto growth, there was an awesome want for individuals to get higher knowledgeable concerning the crypto phenomenon.
The survey got here up with the next findings :
- Most Europeans help regionally issued legal guidelines as an alternative of set guidelines imposed by the European Union.
- 51 p.c residents from Greece,47 p.c residents from Italy,46 p.c from Estonia, 41 p.c from Netherlands,40 p.c from Germany, 39 p.c from Latvia and 37 p.c from France most well-liked their very own authorities to manage their respective cryptocurrencies.
- Majority of residents surprisingly most well-liked the issuance of native cryptocurrency in lieu of a digital euro, displaying that almost all Europeans discover the European Union integration economically inefficient.
- Nevertheless, Eurozone nations, 41 p.c Italian, 40 p.c Greeks, 39 p.c Estonians and 37 p.c Spaniards favoured the initiative of getting a standard digital euro.
Dimitar Lilkov, Analysis Officer at Wilfried Martens Center for European Studies in Brussels mentioned that Eurozone nations wanting to utilize a digital forex can be linked to a possible digital euro, led by the European Central Bank (ECB) in coordination with the eurozone banking system as per the Bitcoin.com report. Alternatively, any nation that will problem its personal Central Financial institution Digital Forex (CBDC) must exit the EU to have the ability to achieve this, as digital euro is prone to are available in future, Lilkov added.
In line with the survey, lack of awareness about cryptocurrencies appears to be the principle motive behind the reluctance of Europeans in buying crypto belongings.