The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
Blockchain

43% Singaporean Own Cryptocurrency, Study Says

by Miki 07/26/2021
by Miki 07/26/2021 0 comment

A study released on Monday shows that 43% of own Singaporean cryptocurrencies, while most of the crypto investors range between 25 to 44 years old, according to the Independent Reserve Cryptocurrency Index (IRCI).

This is the inaugural year for the Independent Reserve Cryptocurrency Index (ICRI) for Singapore regarding the adoption and other key factors of cryptocurrencies. Singapore, the city-state of ASEAN’s member country in Southeast Asia, scored 63 marks out of 100 in the ICRI index, higher than Australia with 47 points compared to the previous year. Singapore enjoys an open-minded and responsive regulatory environment, according to the report.

Per the report, serval highlights are shown as follows:

  • 93% of Singaporeans are aware of at least one type of cryptocurrency. Bitcoin has the most brand recognition, with 90% of respondents saying they’re aware of it, followed by Ethereum (44%) and Litecoin (33%), respectively.
  • 43% of Singaporeans own cryptocurrencies, which is remarkably high compared to regional and global average estimates—82% of respondents hodl Bitcoin.
  • 74% of crypto holders report either making a profit or breaking even in crypto-related investments.
  • Also, 76% of Singaporeans between 26 and 35 believe crypto will become widely accepted by businesses and the public.
  • The primary driver of confidence in cryptocurrency in Singapore has increased clarity of local regulation and taxation issues.
  • Almost 40% of respondents believe Bitcoin to be an investment asset, more than three times the number of those who consider it money.
  • 21% of Singaporeans intended to buy crypto in 2020 but didn’t say their purchasing decisions were directly influenced by the economic fallout of the COVID-19 crisis.
  • However, about 7% of respondents believed Bitcoin to be a scam.

Adrian Przelozny, the CEO of Independent Reserve, described Singapore as a “key hub in Asia due to its robust and well-regulated financial markets infrastructure and openness to new technologies.”

Singapore enjoys a crypto-friendly environment

Singapore enjoys a crypto-friendly environment worldwide. Earlier this month, a study ranked Singapore as the 3rd place after the United States and Cyprus in terms of the crypto-friendly index were more than 30,000 crypto searches per 100,000 people. Singaporean administration allows people to own and exchange crypto while at least ten crypto ATMs are operating. 

Image source: Shutterstock

Source link

Views: 0
CryptocurrencySingaporeanStudy
Share
0
FacebookTwitterPinterestEmail
previous post
Singapore’s 66% Young Population Own Crypto: Survey
next post
5 Top Cryptocurrency To Buy This Week July 2021 Week 4

Related Posts

Iran Bans Crypto Mining to Avert Major Blackouts...

12/29/2021

Italian Sports Car Maker Ferrari Inks Multi-Year Deal...

12/29/2021

ProShares Files for New Metaverse ETF With U.S....

12/28/2021

Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute...

12/28/2021

Binance Trading Platform Licenses in Bahrain, Canada

12/28/2021

Tokenized Bitcoin in Circulation Nears a Half Million...

12/28/2021

Ethereum 2.0 Full Upgrade Will Prompt a 1%...

12/28/2021

Iranian Crypto Miners get Cut Off as Country...

12/28/2021

Kraken Develops NFT Trading Platform, Offering Token-Backed Loans

12/27/2021

Crypto Review 2021 | Blockchain News

12/27/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • What Avalanche investors need to know about this ‘very bullish thing’

  • Inverse Relationship Between Gold And Bitcoin Widens

  • Burger King Partners with Robinhood to Give Crypto Rewards

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$30,166.000.73%
  • ethereumEthereum(ETH)$2,050.46-0.23%
  • tetherTether(USDT)$1.000.13%
  • usd-coinUSD Coin(USDC)$1.000.09%
  • binancecoinBNB(BNB)$300.041.51%
  • rippleXRP(XRP)$0.424058-0.18%
  • cardanoCardano(ADA)$0.585.83%
  • SolanaSolana(SOL)$54.934.88%
  • Binance USDBinance USD(BUSD)$1.010.04%
  • polkadotPolkadot(DOT)$11.07-0.13%
  • dogecoinDogecoin(DOGE)$0.088850-0.22%
  • AvalancheAvalanche(AVAX)$33.35-2.62%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$30,056.000.76%
  • Lido Staked EtherLido Staked Ether(STETH)$2,011.510.06%
  • tronTRON(TRX)$0.0694790.69%
  • Shiba InuShiba Inu(SHIB)$0.000012-1.58%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • daiDai(DAI)$1.000.02%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • CronosCronos(CRO)$0.1920391.78%
  • litecoinLitecoin(LTC)$67.60-1.77%
  • LADZLADZ(LADZ)$0.0686894.36%
  • matic-networkPolygon(MATIC)$0.691.49%
  • NEAR ProtocolNEAR Protocol(NEAR)$6.770.70%
  • leo-tokenLEO Token(LEO)$4.94-0.60%
  • FTX TokenFTX Token(FTT)$31.770.83%
  • HederaHedera(HBAR)$0.389473-3.44%
  • bitcoin-cashBitcoin Cash(BCH)$203.03-3.14%
  • RareRare(RARE)$0.0461220.00%
  • chainlinkChainlink(LINK)$7.482.83%