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French investors increasingly prefer crypto over stocks, survey reveals

A new study reveals that more French investors own crypto than stocks and ETFs. The latest findings from a comprehensive survey shed light on the evolving investment habits of French individuals, highlighting a significant shift towards digital assets and alternative investment methods, particularly among the younger demographic. A notable trend is the rising interest in cryptocurrencies, with 9% of the populace owning digital currencies, surpassing those holding traditional stocks at 7% and ETFs with 2%. This surge in crypto investment signals a shift in the investment landscape, fueled partly by the pandemic. You might also like: Justin Sun offers 5% bounty as Poloniex losses cross $100 million France’s new wave of crypto investors The demographic profile of these new investors is predominantly male, with a marked preference for crypto currencies and Non-Fungible Tokens (NFTs) over traditional investment vehicles. Their investment decisions are largely influen...

ECB launches survey towards CBDC development 

The Eurosystem has published a survey on its plans for trials and experiments on new technologies for wholesale central bank money settlement.  The survey aims to gather feedback from market participants and stakeholders on the potential benefits, challenges, and use cases of a wholesale central bank digital currency (CBDC) that would facilitate cross-border payments and financial market infrastructures. You might also like: ECB executive Fabio Panetta aims for digital euro expansion The survey , which is open until Nov. 15, covers four main topics: The current state of play and challenges in cross-border payments and financial market infrastructures. The possible features and design options of a wholesale CBDC. The potential impact and implications of a wholesale CBDC on the financial system and the economy. The possible scenarios and use cases for testing and experimenting with a wholesale CBDC. The survey is part of the Eurosystem’s ongoing work explor...