Hong Kong's Sentiment Towards Cryptocurrency Turns Negative Following JPEX Scandal

The public sentiment on cryptocurrency in Hong Kong has taken a hit post the JPEX crypto exchange scandal, per a new survey by The Hong Kong University of Science and Technology

The survey, initiated on Sept. 28 shortly after the JPEX allegations surfaced, reveals some early insights into how public attitudes towards virtual assets have evolved

Initial findings suggest a significant shift in sentiment. 41% of respondents now prefer not to hold virtual assets, marking a 12% increase from the previous survey

This indicates a growing wariness towards the cryptocurrency industry among Hong Kong residents

Conversely, only 20% of respondents express a desire to hold virtual assets in the future, a 5% decrease from the earlier survey

A total of 5,700 people aged 18 and above participated in the initial survey, while the second survey, conducted between Sept. 28 and Oct. 5, involved 2,200 respondents.