“Survey Results Released for Survey on Virtual Asset Usage Behavior
As the number of users engaging in virtual assets continues to rise globally, countries worldwide are increasingly focusing on this development. Last year, the Financial Supervisory Commission (FSC) announced a phased strengthening of domestic cryptocurrency exchange management and closely studied the establishment of domestic virtual asset regulations, with a draft expected to be introduced this year. Prior to the enactment of these regulations, in May and June 2024, “CommonWealth Magazine” conducted a “Taiwan Survey on Virtual Asset Usage Behavior” to understand the actual behaviors and perspectives of Taiwanese users regarding market regulation in the future.
This survey utilized online questionnaires targeting users who have “invested or held virtual assets for more than six months” and have “accounts on two or more exchanges.” The survey period was from May 7 to June 11, 2024, and a total of 1,080 valid responses were collected.
The survey found that regarding regulatory aspects, participants believed the most crucial aspect requiring “strict supervision” was fraud prevention and anti-money laundering measures. In terms of asset allocation, the majority currently place their virtual assets predominantly on international centralized exchanges. Participants expressed a desire to avoid excessive restrictions, preserve public choice rights, and encourage international exchanges willing to comply with Taiwanese regulations to establish themselves locally, rather than imposing outright bans. This indicates that when facing the emerging industry of virtual assets, most people favor a stance that balances “security with freedom.”
The survey revealed three main findings, detailed as follows:
1. Emerging Assets Entering a Growth Phase
Virtual assets have become one of the widely observed and participated investment methods, expected to continue growing in the future. In this survey, it was observed that domestic users of virtual assets are showing increasing depth of usage, cognitive recognition, and value identification in their asset allocations, indicating that virtual assets in Taiwan are transitioning from an introductory phase to an expansion stage.
– Depth of Usage:
– 66% of respondents have held virtual assets for over two years, experiencing significant market events and recent market cycles, demonstrating considerable research and experience with the industry and platforms. Among respondents with annual incomes exceeding one million, half have over three years of investment experience. Professionals in IT and media have a higher proportion of experience exceeding three years. Overall, 58% of respondents have five or more accounts, indicating deep involvement and diversified demands regarding virtual assets.
– Cognitive Recognition and Value Identification:
– Over half of the respondents (58.1%) prioritize capital gains as their primary objective, and 53.4% hold virtual assets due to their endorsement of blockchain’s decentralized concept, indicating that users not only focus on short-term profits but also understand and support the core values of underlying technologies. Additionally, 50.3% of respondents express curiosity about this emerging technology, eager to explore innovative investment tools.
– Future Growth Potential:
– From the survey results, on average, virtual assets account for approximately 45% of respondents’ total financial assets. Six out of ten respondents plan to increase their virtual asset allocations in the next three years, which would increase the overall proportion from 45% to 54%. Only about 26% of respondents intend to maintain their asset proportions unchanged, reflecting market expectations for increased investment
