Cryptoassets Provide a Gateway to Investing for a New Generation

2019-2-28 11:40

Crypto investors diversified into stocks, commodities, and forex. Wednesday 27 February 2019- New data released by global multi-asset investing platform, eToro shows that the crypto boom has helped to create a new generation of investors.

The majority (73 percent) of new investors joining eToro in 2017 and 2018 purchased crypto. Of these investors, more than one in ten (11 percent) have since gone on to invest in other assets including stocks, commodities, and forex alongside their crypto investment. The move to invest in other financial instruments alongside crypto is particularly prominent in the younger generation, with nearly half (44 percent)

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UAE Introduces New Law to Combat Crypto Crime, Allows Licensed Cryptocurrency Offering & Promotion

The United Arab Emirates (UAE) is introducing new rules to promote cryptocurrency development while curbing digital currency scams targeting investors in the country. Under the new rules, crypto scammers will face prison time for up to 5 years and a penalty of up to AED 1 million (just over $272k), starting January 2, 2022.

2021-12-30 20:14