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 <p class="is-style-lead">In 2023, the number of <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency owners in Canada decreased slightly, but the average holdings increased significantly.</p>
 <p>According to a report from the Ontario Securities Commission (OSC), 77% of respondents regret investing in crypto assets.</p>
 <p>While the number of Canadians able to provide a basic definition of cryptocurrency has grown from 51% in 2022 to 54% in 2023, only 34% of them now believe cryptocurrency “will play a key role in the future,” compared to 49% in 2022.</p>
 <p>However, despite the pessimism, 39% of respondents said their <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> portfolio was profitable compared to the initial investment, which is only slightly lower than in 2022 (46%). And the average value of such a portfolio has risen sharply from $52,975 last year to $82,998 this year.</p>
 <figure class="wp-block-image size-large"><picture decoding="async" class="wp-image-14222071">
   <source type="image/webp" srcset="https://cdn.thebittimes.com/images/2023/11/30/42dcfe92ac3940c3bad941fc2c974366.webp.webp">
   <img decoding="async" width="1024" height="382" src="https://cdn.thebittimes.com/images/2023/11/30/42dcfe92ac3940c3bad941fc2c974366.webp" alt="A new government report claims most Canadians regret investing in crypto assets - 1"> 
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   Source: OSC <a rel="noopener noreferrer nofollow" title="report" href="https://thebittimes.com/tag/report.html">report</a>
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 <p>The negative sentiment of Canadians towards <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency was confirmed in the “Digital Canadian Dollar Public Consultation Report.”</p>
 <p>In addition, public consultations on the Central Bank of Canada’s digital currency (CBDC) initiative revealed a general negative attitude from Canadians.</p>
 <p>The Canadian central bank set out to define the place of CBDC in a world dominated by digital paper payments and credit cards. However, Canadian residents have demanded the introduction of rules requiring merchants to accept cash as payment.</p>
 <figure class="wp-block-image size-full"><picture loading="lazy" decoding="async" class="wp-image-14222072">
   <source type="image/webp" srcset="https://cdn.thebittimes.com/images/2023/11/30/c438d580b2726183586340113fa083bf.webp.webp">
   <img loading="lazy" decoding="async" width="920" height="408" src="https://cdn.thebittimes.com/images/2023/11/30/c438d580b2726183586340113fa083bf.webp" alt="A new government report claims most Canadians regret investing in crypto assets - 2"> 
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  <figcaption class="wp-element-caption">
   Source: Digital Canadian Dollar Public Consultation Report
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 </figure>
 <p>The majority of respondents advised the Bank of Canada to stop research and increase the capacity to issue a digital Canadian dollar. However, the public believes that their feedback will not be taken into account under the CBDC initiative.</p>
 <p>At the same time, Canada is ranked in the top spot for having seven spot Bitcoin ETFs worth a total of $2b in total <a rel="noopener noreferrer nofollow" title="assets" href="https://thebittimes.com/tag/assets.html">assets</a>. Data from the <a rel="noopener noreferrer nofollow" title="report" href="https://thebittimes.com/tag/report.html">report</a> shows that Canada and Europe are the main markets for spot Bitcoin ETFs, with the seven in Canada and 10 in Europe.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/a-new-government-report-claims-most-canadians-regret-investing-in-crypto-assets-tbt72185.html">https://thebittimes.com/a-new-government-report-claims-most-canadians-regret-investing-in-crypto-assets-tbt72185.html</a></p>

A new government report claims most Canadians regret investing in crypto assets

TheBitTimes

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