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 The survey was conducted at the request of the Organisation for Economic Co-operation and Development (OECD) in the spring of 2023.
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 Cryptocurrencies are the second most popular type of asset for investments among the adult French population, according to a survey by the Organisation for Economic Co-operation and Development (OECD) and published by France’s principal financial regulator, the Financial Markets Authority (AMF, on Nov. 13.&nbsp;
 According to the survey, 9.4% of the French population holds crypto <a rel="noopener noreferrer nofollow" title="asset" href="https://thebittimes.com/tag/asset.html">asset</a>s, which is only marginally lower than those holding the most <a rel="noopener noreferrer nofollow" title="popular" href="https://thebittimes.com/tag/popular.html">popular</a> type of <a rel="noopener noreferrer nofollow" title="investment" href="https://thebittimes.com/tag/investment.html">investment</a> <a rel="noopener noreferrer nofollow" title="asset" href="https://thebittimes.com/tag/asset.html">asset</a>, real estate funds (10.7%). A further 2.8% of respondents possess nonfungible tokens (NFTs).
 The survey also measured the group of “new investors” — those who have invested for the first time since the start of the COVID-19 pandemic in early 2020. These are mainly men (64%) and significantly younger than traditional investors, with an average age of 36 against 51 for the latter. Among this category, 54% hold crypto <a rel="noopener noreferrer nofollow" title="asset" href="https://thebittimes.com/tag/asset.html">asset</a>s.
 Related: French regulator sees DeFi as ‘disintermediated,’ not ‘decentralized’
 The survey’s authors also noted that new individual investors have a “relatively low level of financial knowledge,” particularly the youngest group, aged 18-24. They were more likely to give incorrect answers about the basics of <a rel="noopener noreferrer nofollow" title="investment" href="https://thebittimes.com/tag/investment.html">investment</a> strategy than “traditional investors.”
 The survey was conducted in the spring of 2023, featuring 1,056 respondents and 40 in-depth interviews about their needs and motivations.
 France is actively pursuing a leadership role in Europe in digital economy and innovations. In September, local telecommunications group Iliad revealed an investment of 100 million euros ($106 million) to fund the creation of an “excellence lab” dedicated to AI research in Paris. This month, the first-of-its-kind Institute of Crypto-Assets opened in the business district outside Paris.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-is-second-most-popular-investment-asset-in-france-survey-tbt70176.html">https://thebittimes.com/crypto-is-second-most-popular-investment-asset-in-france-survey-tbt70176.html</a>

Crypto is second most popular investment asset in France: Survey

TheBitTimes

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