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According to a survey conducted in February 2023 in Singapore, the main barrier to adopt cryptocurrency was price volatility. The lack of consumer protection and regulations followed as the second barrier, according to 30 percent of respondents.
Main barriers to adopt cryptocurrency in Singapore as of February 2023
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Other statistics that may interest you Cryptocurrency in Singapore
Overview
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Companies and funding
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- Premium Statistic Distribution of fintech companies Singapore 2023, by sector
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Adoption and ownership
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- Premium Statistic Cryptocurrency ownership Singapore 2022, by age
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Coins
3
User behavior
6
- Premium Statistic Types of investments Singapore 2022, by age group
- Premium Statistic Leading factors influencing crypto adoption Singapore 2023
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Independent Reserve. (March 29, 2023). Main barriers to adopt cryptocurrency in Singapore as of February 2023 [Graph]. In Statista. Retrieved May 09, 2024, from https://www.statista.com/statistics/1367860/singapore-barriers-to-cryptocurrency-adoption/
Independent Reserve. "Main barriers to adopt cryptocurrency in Singapore as of February 2023." Chart. March 29, 2023. Statista. Accessed May 09, 2024. https://www.statista.com/statistics/1367860/singapore-barriers-to-cryptocurrency-adoption/
Independent Reserve. (2023). Main barriers to adopt cryptocurrency in Singapore as of February 2023. Statista. Statista Inc.. Accessed: May 09, 2024. https://www.statista.com/statistics/1367860/singapore-barriers-to-cryptocurrency-adoption/
Independent Reserve. "Main Barriers to Adopt Cryptocurrency in Singapore as of February 2023." Statista, Statista Inc., 29 Mar 2023, https://www.statista.com/statistics/1367860/singapore-barriers-to-cryptocurrency-adoption/
Independent Reserve, Main barriers to adopt cryptocurrency in Singapore as of February 2023 Statista, https://www.statista.com/statistics/1367860/singapore-barriers-to-cryptocurrency-adoption/ (last visited May 09, 2024)
Main barriers to adopt cryptocurrency in Singapore as of February 2023 [Graph], Independent Reserve, March 29, 2023. [Online]. Available: https://www.statista.com/statistics/1367860/singapore-barriers-to-cryptocurrency-adoption/