Pan-African financial services company Old Mutual Limited has released an annual Savings and Investment Monitor survey for South Africa, which polled respondents on awareness of and attitude toward cryptocurrencies in the country.
In terms of overall awareness, 40 percent of respondents answered that they were aware to varying degrees, while 60 percent said they were not aware of cryptocurrencies.
In the U.S., 57 percent of respondents have heard of cryptocurrency.
In May, South African Police were pursuing an alleged cryptocurrency investment fraud with over 28,000 investors suffering losses exceeding 1 billion rand ($80.4 million).
Some of the investors got paid in terms of the agreement.
38 percent of South Africans “wish they had invested” in cryptocurrency as businesses report “decent” interest in the emerging technology from corporate investors. 40 Percent of South Africans ‘Aware’ of Crypto Results of pan-African investment bank Old Mutual’s 2018 “Savings & Investment Monitor,” released this week, reveal attitudes to Bitcoin locally are swiftly transforming.
Russian nationals Sergey Ivanov and Timur Shakhmametov have been charged for their involvement in operating money laundering services that catered to cybercriminals using cryptocurrencies, U.S. authorities announced on Thursday.
Most crypto trading volume has historically come from outside the U. S. , with Asia being the largest cryptocurrency market. However, there has been a notable shift in this dynamic in the past several months, with the U.
Understanding regional market data is becoming increasingly important when analyzing the Bitcoin market. Bitcoin’s global nature means trading activity in one region can significantly influence worldwide price movements.
U.S. Securities and Exchange Commissioner (SEC) Chair Gary Gensler argued there’s nothing special about the assets or exchanges in the crypto sector, and their backers can’t hide behind claims that their tokens provide utility.