BlockBeats news, on October 10, according to Cointelegraph, the Board of Directors of the International Organization of Securities Commissions (IOSCO) noted that retail investors’ ownership of cryptocurrencies has increased significantly since 2020 and called for greater investor education in the field .
According to the IOSCO report released on October 9, 15 of the 24 jurisdictions surveyed reported retail investor cryptocurrency ownership of 10% or more last year, while six jurisdictions reported ownership of 30% or more . This represents a significant increase from 2020, when half of the jurisdictions surveyed estimated that only 1% to 5% or fewer investors owned cryptocurrencies.
“Since 2020, the crypto-asset sector has continued to develop. Despite market volatility, especially the significant decline in the ‘crypto winter’ in 2022, retail investors continue to invest in crypto-asset markets in both developed economies and emerging market jurisdictions,” IOSCO wrote.