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  • DBMS Global

Hongkongers are among the world’s biggest investors in cryptocurrencies, Visa study says

About a third of Hong Kong residents have invested in, or used, cryptocurrency as a medium of exchange, the second-highest engagement with the new asset class among developed markets surveyed by credit card company Visa.

Crypto or cryptocurrency is a digital or virtual currency secured by cryptography and is also used to buy products and services, but is not backed by a government authority, which potentially makes it a risky asset class.

The study found that 18 per cent of Hongkongers are active investors in cryptocurrency, while 13 per cent are passive owners, just behind numbers for the US, where 27 per cent of those surveyed were active investors and 9 per cent passive owners of cryptocurrency.


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