The survey, initiated by the OECD and published by a French regulator, has pointed to crypto as an investment class as the second most popular in France.
Days back, countries from the Organization of Economic Cooperation and Development had adopted a crypto asset reporting framework. The framework for crypto taxation was a major milestone for the crypto space. Continuing the momentum, the OECD requested a survey earlier this year, which saw its findings recently. The French regulator Autorité des Marchés Financiers (AMF) recently released the report’s findings. The report noted that crypto as an investment class held France’s second most popular spot.
The French survey stated crypto held the second only by a lower margin. While 10.7% of the French population invested in real estate funds, the crypto investors accounted for 9.4%. The narrow margin could indicate the growing popularity of crypto as an investment class, which is a worldwide development.
The new investors in crypto after the pandemic have an average age of 36, and 64% of them are men. On the other hand, the traditional investors in crypto have an average age of 51, and 54% of them hold crypto investments.
The report further said, “62% of new retail investors said they were satisfied with the performance of their investments (67% of those holding crypto-assets in particular) while 20% felt they had lost money. The vast majority of new retail investors (79%) consider the profitability of their investments to be attractive in the current climate.”
Meanwhile, France regularly features on the radar of the crypto industry with their recent positive actions. They have decided to align their crypto rules with the European Union’s law as early as possible. The rising popularity of crypto in France also bodes well for the crypto to attract crypto firms.
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