1 year ago
41% of respondents said they similar not to clasp virtual assets oregon cryptocurrencies — up 12 percent points from an earlier study.
Public cognition towards cryptocurrency successful Hong Kong has taken a dive pursuing the JPEX crypto speech scandal, according to the archetypal findings of a caller survey.
The survey, conducted by The Hong Kong University of Science and Technology’s concern school, was to recognize however nationalist attitudes toward virtual assets whitethorn person been impacted by the JPEX scandal.
The survey was launched connected Sept. 28, astir 11 days aft the allegations toward JPEX were made public, with its results compared against a akin survey conducted betwixt April and May.
While the survey play is acceptable to extremity connected Oct. 20, the results truthful acold recovered 41% of respondents would similar not to clasp virtual assets — up 12 percent points from a survey conducted successful May.
Only 20% of respondents present privation to clasp virtual assets successful the future, down 5 percent points from the earlier survey — different motion that Hong Kongers’ sentiment toward the cryptocurrency manufacture whitethorn beryllium souring.
The caller JPEX ungraded successful Hong Kong has sent shockwaves done the crypto community. A caller survey shows however it's affecting spot successful the integer plus space.
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HKUST acknowledged the 2nd survey came successful the “aftermath of an alleged fiscal fraud” of a cryptocurrency level past period but didn’t straight notation to JPEX successful its report.
Professor Allen Huang, Associate Dean of HKUST’s concern school, said the caller fiscal incidental has brought much nationalist attraction to the cryptocurrency industry, resulting successful a “more blimpish concern appetite” of late. He added:
“As virtual assets go progressively a portion of the integer economy, much acquisition initiatives are needed to heighten nationalist knowing and consciousness of the risks and potentials of this emerging field.”HKUST’s concern schoolhouse said the survey aimed to gauge the attitudes and views of Hong Kong radical connected virtual plus investment, based connected their experiences, intentions and regulatory safeguards.
Related: JPEX crypto speech launches plus lock-up plan, immoderate users outcry foul
5,700 radical aged 18 and supra took portion successful the archetypal survey, portion 2,200 radical were surveyed successful the 2nd survey betwixt Sept. 28 and Oct. 5.
JPEX allegedly operated a $166 cardinal fraud scheme, which unraveled implicit respective months earlier Hong Kong authorities publically declared they were investigating the exchange.
In airy of the JPEX saga, the Hong Kong Police Force and the Securities and Futures Commission acceptable up a cryptocurrency-focused moving group connected Oct. 5 to woody with illicit activities connected exchanges.
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