Berlin, Europe Brief News – According to the KuCoin report, 44% of people in Germany invest in Cryptocurrency. There has been a noticeable rise in the investments made in Cryptocurrency. The digital currency has caught mainstream attention. The prices of the assets are not too encouraging, but the market looks promising. According to a recent KuCoin report, there has been a potential increase in crypto investments in Germany.
KuCoin Report Reveals That The Younger Generation In Germany Is Showing Interest In Crypto
A recent KuCoin report states that about 44% of Germans are interested in entering the crypto market. They are anticipating a new future in the financial market. The report also revealed that 37% of the respondents own at least one crypto investment in a year. A recent study showed the aggressiveness of the German population and their eagerness to invest in digital assets.
The recent statistics showed that this is not just a sensation and is backed up by promising facts. The CEO of the crypto exchange, Johnny Lyu, gave his opinion about this issue. He mentioned that crypto has been gaining popularity among people who dream big. The younger generation has invested in digital currency and has become the higher percentage of crypto holders. However, Lyu was not happy with the lack of regulation on digital assets, although there is a massive rise in adoption.
Germany Invest In Crypto Currency But Are Unhappy With The Unclear Guidelines
Germany has officially recognized holding and digital trading assets. The country had little success in making a compact regulation to the guidance regarding the usage. Germany is one of the very few countries that has adopted the DLT. According to a recent political discussion about the country’s link to the new technologies, more men were involved in holding crypto. On the other hand, women are more open about learning about digital assets.
Germany invest in Cryptocurrency, and the major part of the investment is made by the younger generation. However, there are many apprehensions and concerns about the Financial Authority in Germany. BaFin’s uncertain stand in the regulation of digital assets has been a cause of concern. Director of F5 crypto, Florian Döhnert-Breyer, has stated that the authorities might come up with legislation soon, resulting in friendliness towards the assets. However, Lyu believes that the actions being taken by the regulators show that they are trying to create a good environment for the users of the digital currency.
