Survey: People Trust Regulated Tokens More Than Anonymous Cryptocurrencies

Most survey respondents from The Economist and Crypto.com said they would rather use regulated digital currencies (CBDC) rather than anonymous coins.

The researchers concluded that the bulk of the people are still not ready for a large-scale transition to decentralized assets.

The survey involved 3,000 people. 54% of them said they trust the tokens issued by central banks more. 38% of respondents doubt the reliability of unregulated cryptocurrencies, only 26% of the survey participants admitted that they are ready to use bitcoin and other decentralized coins.

23% of respondents are willing to balance their costs between decentralized and regulated digital assets.

According to Crypto.com spokesman Eric Anziani, CBDC’s popularity is growing at a much faster pace than conventional cryptocurrencies. This suggests that people prefer to abandon anonymity and be protected from scammers and speculators.

At the moment, several European and Asian countries are preparing to issue their own tokens. The greatest successes in this direction were made by Sweden and China, the latter promising to maintain the stability of the financial sector after the release of the coin.

Author: Marko Vidrih

Featured image credit: Pixabay