According to a survey conducted in February 2024 in Singapore, the main barrier to adopt cryptocurrency was price volatility. The lack of consumer protection and regulations followed as the second barrier, according to 32 percent of respondents.
Main barriers to adopt cryptocurrency in Singapore as of February 2024
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Independent Reserve. (March 26, 2024). Main barriers to adopt cryptocurrency in Singapore as of February 2024 [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1367860/singapore-barriers-to-cryptocurrency-adoption/
Independent Reserve. "Main barriers to adopt cryptocurrency in Singapore as of February 2024." Chart. March 26, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1367860/singapore-barriers-to-cryptocurrency-adoption/
Independent Reserve. (2024). Main barriers to adopt cryptocurrency in Singapore as of February 2024. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1367860/singapore-barriers-to-cryptocurrency-adoption/
Independent Reserve. "Main Barriers to Adopt Cryptocurrency in Singapore as of February 2024." Statista, Statista Inc., 26 Mar 2024, https://www.statista.com/statistics/1367860/singapore-barriers-to-cryptocurrency-adoption/
Independent Reserve, Main barriers to adopt cryptocurrency in Singapore as of February 2024 Statista, https://www.statista.com/statistics/1367860/singapore-barriers-to-cryptocurrency-adoption/ (last visited December 21, 2024)
Main barriers to adopt cryptocurrency in Singapore as of February 2024 [Graph], Independent Reserve, March 26, 2024. [Online]. Available: https://www.statista.com/statistics/1367860/singapore-barriers-to-cryptocurrency-adoption/