Five percent of Ontarians own some form of “cryptoasset” according to a June 28 study from Canadian provincial financial regulator the Ontario Securities Commission. The study also found that while awareness of cryptocurrencies and digital assets is growing, overall knowledge of crypto is lacking.
The report entitled “Taking Caution: Financial Consumers and the Cryptoasset Sector,” was conducted March 14-22, 2018, and involved 2,667 Ontarians. Many respondents showed a lack of understanding of fundamental concepts of crypto.