1 year ago
The survey was conducted astatine the petition of the Organisation for Economic Co-operation and Development (OECD) successful the outpouring of 2023.
Cryptocurrencies are the 2nd astir fashionable benignant of plus for investments among the big French population, according to a survey by the Organisation for Economic Co-operation and Development (OECD) and published by France’s main fiscal regulator, the Financial Markets Authority (AMF, connected Nov. 13.
According to the survey, 9.4% of the French colonisation holds crypto assets, which is lone marginally little than those holding the astir fashionable benignant of concern asset, existent property funds (10.7%). A further 2.8% of respondents person nonfungible tokens (NFTs).
The survey besides measured the radical of “new investors” — those who person invested for the archetypal clip since the commencement of the COVID-19 pandemic successful aboriginal 2020. These are chiefly men (64%) and importantly younger than accepted investors, with an mean property of 36 against 51 for the latter. Among this category, 54% clasp crypto assets.
Related: French regulator sees DeFi arsenic ‘disintermediated,’ not ‘decentralized’
The survey’s authors besides noted that caller idiosyncratic investors person a “relatively debased level of fiscal knowledge,” peculiarly the youngest group, aged 18-24. They were much apt to springiness incorrect answers astir the basics of concern strategy than “traditional investors.”
The survey was conducted successful the outpouring of 2023, featuring 1,056 respondents and 40 in-depth interviews astir their needs and motivations.
France is actively pursuing a enactment relation successful Europe successful integer system and innovations. In September, section telecommunications radical Iliad revealed an concern of 100 cardinal euros ($106 million) to money the creation of an “excellence lab” dedicated to AI probe successful Paris. This month, the first-of-its-kind Institute of Crypto-Assets opened successful the concern district extracurricular Paris.
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