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Over Half of South Koreans Think Cryptocurrencies Are a Form of Gambling

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A survey conducted jointly by the "World Daily" and research firm Embrain, spanning from August 3rd to August 8th, gathered insights from 1,000 individuals in South Korea regarding cryptocurrency-related matters.

The survey unveiled that more than half (53.2%) of the respondents believe that investing in cryptocurrencies is akin to gambling. This perspective stems from their belief that most tokens lack tangible real-world assets to back them. Approximately 20% of the respondents expressed caution regarding speculative behavior, while 16% voiced concerns about price manipulation. Furthermore, 5% indicated apprehensions regarding weak regulatory oversight by financial authorities over tokens.

#1 - September 07, 2023, 06:06:40 AM


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