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 July 15, 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 July 15, 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: July 15, 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 July 15, 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/