OECD report: Southeast Asian investors are too bullish on crypto assets

A new study by the Organization for Economic Cooperation and Development (OECD) found that Southeast Asian investors are too bullish on crypto assets. The report was funded by Japan and surveyed consumers in Vietnam, the Philippines and Malaysia. Of the 3006 respondents, 80% knew cryptocurrencies, and 53% expressed a desire to hold such assets, even though such investments were "very likely" to expose them to financial risk. The report states that while most financial consumers who invest in crypto assets say they can afford to lose their investment, given the general lack of understanding of crypto assets or risks, investment reasons, use of credit, or lack of professional advice, some financial consumers Is likely to be inconsistent with the level of risk it bears.