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5 April

By Ahmed Mamdouh

Category: Cryptocurrencies

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14% of Japan’s youth invest in cryptocurrencies, study shows

Japan is a key player in the digital currency markets, where recent studies have shown that 14% of youth aged between 25 and 30 years invest in digital currencies.

It should be noted that a large proportion of this segment indicated in the statistics that it was the first investment experience for them, referring to the ease and fast access to the cryptocurrency markets, as well as the lack of obstacles and regulatory complexity compared to other investment tools.

The statistics also stressed that the low amount of money needed to investment in digital currencies has allowed young people to enter these markets easily, with 34.5% of respondents investing less than 50 thousand Japanese yen (about 469 dollars), while only 10.2% invested in worth 1 million yen (about 9,360 dollars).

As for the future of their investments, 47.1% indicated that they plan to continue investing in digital currencies, while 35.4% indicated that they do not intend to continue.

Japan's digital currency markets were shaken earlier this year after a famous stock exchange in Japan was hacked and about $534 million were stolen.

Following this incident, the Japan Financial Services Agency conducted field inspection that included 15 unregistered exchanges in Japan, as it sent notices for seven exchanges to improve their services while halted operations of two exchanges.

Ahmed Mamdouh

Ahmed Mamdouh is the head of the English Fundamental Analysis at D1stp.com, with 9 years of experience in the financial markets. Mamdouh holds a Master’s Degree in Economics from The American University in Cairo and a Bachelor Degree in Economics from The Faculty of Economics and Political Science, Cairo University.