@BOMBERuss 12 August 2022 more from that month

According to an #ASIC survey, only 20% of #cryptocurrency owners consider their investment approach risky, while the rest do not fully understand the risks of investing in digital assets. Chairman of the Securities and Investments Commission of Australia (ASIC) Joe Longo spoke out about the huge number of people who invested in, as he stated, unregulated and unstable #crypto assets during the pandemic. He referred to a study conducted in November 2021, which examined the behavior of investors after the start of the COVID-19 pandemic. According to the results of the study, cryptocurrencies were the second most common investment product: 44% of respondents reported that they own them. Of these, 25% indicated that crypto assets were the only class of investments in which they were invested. According to Longo, the study highlights the attractiveness of crypto assets for investors, but they may not know what risks they are taking.