Given the growing interest in crypto adoption as a legal tender, it’s not shocking that many participants will wish to legalize bitcoin. The level of support for crypto was evident in a new survey conducted by The Economist.
This survey aimed to know the number of people who want their governments to legalize crypto. The number of respondents was 14,000, and the result showed that 61% want a legalized bitcoin and other cryptos for transactions.
Another aspect of the survey looked at the support for CBDC. The result also showed 61% support for governments to issue the financial product. One of the things that the researchers aimed to discover was whether other countries might follow El Salvador’s footsteps in legalizing crypto.
Many of the participants came from developed and developing economies. The developed countries in the survey were Singapore, the USA, South Korea, the UK, and Australia. The developing economies were the Philippines, Brazil, South Africa, Turkey, and Vietnam. The idea was to determine how the people from these countries view the crypto industry.
This survey aimed to know the number of people who want their governments to legalize crypto. The number of respondents was 14,000, and the result showed that 61% want a legalized bitcoin and other cryptos for transactions.
Another aspect of the survey looked at the support for CBDC. The result also showed 61% support for governments to issue the financial product. One of the things that the researchers aimed to discover was whether other countries might follow El Salvador’s footsteps in legalizing crypto.
Many of the participants came from developed and developing economies. The developed countries in the survey were Singapore, the USA, South Korea, the UK, and Australia. The developing economies were the Philippines, Brazil, South Africa, Turkey, and Vietnam. The idea was to determine how the people from these countries view the crypto industry.