Nearly 7% of Spanish people have dabbled in crypto. But the country's securities-market regulator worries they don't understand the risks.
As much as 6.8% of the people in Spain have invested in crypto at some point, driven mainly by the hope of profit and faith in the underlying technology, according to a survey by the country’s securities markets regulator.announced in January in response to concerns that influencers such as FC Barcelona soccer star Andrés Iniesta could tempt people into taking undue risks.
While nine in 10 of those interviewed recalled seeing information about the risks of investing in crypto, the regulator nevertheless appears to be worried by an overall lack of awareness about the sector. Even though the European Union has struck a deal to establish new licensing rules for virtual assets across the bloc, that won’t take effect for a couple of years.
The study, carried out with survey company Análisis e Investigación, involved 1,500 adults and took place in May and June.
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