Cryptocurrencies are the second most popular kind of investment asset among the many grownup French inhabitants, in response to a survey by the Organisation for Economic Co-operation and Development (OECD) published by France’s principal monetary regulator, the Autorité des Marchés Financiers, on Nov. 13.
According to the survey, 9.4% of the French inhabitants holds crypto property, which is solely marginally decrease than these holding the most popular kind of investment asset, actual property funds (10.7%). An extra 2.8% of respondents possess nonfungible tokens.
The survey additionally measured the group of “new investors” who’ve invested for the primary time for the reason that begin of the COVID-19 pandemic in March 2020. The new traders are primarily males (64%) and are considerably youthful than conventional traders, with a mean age of 36 versus 51 for the latter. In this class, 54% maintain crypto property.
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The survey’s authors additionally famous that new particular person traders have a “relatively low level of financial knowledge,” significantly these in the youngest group aged 18–24. They have been extra possible to provide incorrect solutions in regards to the fundamentals of investment technique than conventional traders.
The survey was carried out amongst 1,056 respondents in the spring of 2023, with 40 in-depth interviews about their wants and motivations.
France is actively pursuing a management function in Europe in digital financial system and improvements. In September, native telecommunications group Iliad revealed an investment of 100 million euros ($106 million) to fund the creation of an “excellence lab” devoted to synthetic intelligence analysis in Paris. This month, the first-of-its-kind Institute of Crypto-Assets opened in the business district outdoors Paris.
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