OECD Survey Reveals Malaysians Aware of Crypto, Less Awareness of ICOs

Asia Blockchain Review
December 24, 2019

A survey conducted by the Organisation for Economic Co-operation and Development (OECD) has revealed that while a large percentage of Malaysians are aware of cryptocurrencies, less than half of the respondents are aware of initial coin offerings (ICOs).

Exploring Consumer Attitudes for Crypto in Southeast Asia

According to a report by The Edge Markets, OECD has released a survey called “Cryptoassets in Asia – Consumer attitudes, behaviours and experiences,” which involved 3,006 online respondents in Malaysia, the Philippines, and Vietnam.

OECD explained that these three nations were chosen for the survey due to their active crypto market. Though the survey demonstrated that 84% of all Malaysian respondents knew what cryptocurrencies were, only 40% were aware of ICOs.

Meanwhile, the survey revealed that though there was a high level of awareness for cryptocurrencies, only 30% of all respondents from the three countries owned any cryptocurrency. Roughly a third of all respondents in Vietnam and the Philippines owned crypto assets, while only 23% of Malaysian respondents held any crypto.

Positive Outlook for Crypto Assets Among Consumers

The OECD survey also found that in Vietnam, women were more likely to hold crypto assets, with 38% of the women in the survey owning crypto compared to 32% of the men.

However, in Malaysia, men were more likely to own cryptocurrencies, with 26% of the men in the survey having crypto assets compared to 20% of the women. 

Most importantly, the survey reported that in all three nations, consumers held a positive outlook towards cryptocurrency, with 53% stating that they are interested in investing in crypto assets in the future, compared to 30% who are looking to invest in ICOs.

Source: https://www.theedgemarkets.com

About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

    Related Article
    How Blockchain has Helped the Business of E-commerce
    Blockchain technology is poised to revolutionize the e-commerce business industry. It offers an unpa...

    January 23, 2020

    Securing SEA’s Financial Networks with Blockchain
    As cryptocurrencies gain wider use among Southeast Asians, so too must blockchain solutions be devel...

    December 30, 2019

    Thailand: The Land of Blockchain
    As the country forges ahead on its Thailand 4.0 development agenda, firm government commitment and s...

    December 27, 2019

    Blockchain for Safer, more Afforable Telecommunications in SEA
    This article examines the use of telecom services in Southeast Asia, the industry’s unresolved probl...

    December 16, 2019

    We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us