International Organization of Securities Commissions: The proportion of retail cryptocurrency holdings in the jurisdictions surveyed has increased significantly since 2020

The board of the International Organization of Securities Commissions (IOSCO) said retail investor cryptocurrency ownership has increased significantly since 2020 and called for more education for investors on the sector. According to a report, 15 of the 24 jurisdictions surveyed reported retail investor ownership of 10% or more of cryptocurrencies last year, while six jurisdictions reported ownership of 30% or more. “This is a sharp increase from 2020, when half of the responding jurisdictions estimated that only 1% to 5% or less of investors owned cryptocurrencies,” IOSCO wrote. “Since 2020, the cryptoasset sector has continued to grow.” “Despite market volatility, which experienced a severe downturn during the ‘crypto winter’ of 2022, retail investors in both developed economies and emerging market jurisdictions continue to invest in cryptoasset markets,” it added. (Cointelegraph)