{"id":29066,"date":"2020-09-23T12:40:43","date_gmt":"2020-09-23T09:40:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=29066"},"modified":"2025-08-27T14:56:01","modified_gmt":"2025-08-27T11:56:01","slug":"bank-of-canada-ties-crypto-investments-to-financial-illiteracy","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bank-of-canada-ties-crypto-investments-to-financial-illiteracy\/","title":{"rendered":"Bank of Canada ties crypto investments to financial illiteracy"},"content":{"rendered":"<p>Canadians with low financial literacy are more likely to invest in cryptocurrencies than their economically literate compatriots. <a href=\\\"https:\/\/www.bankofcanada.ca\/wp-content\/uploads\/2020\/08\/sdp2020-8.pdf\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">is stated<\/a> in a study by the country\u2019s central bank.<!--more--><\/p>\n<p>In a survey conducted from August to September 2019, the regulator asked participants to rate their knowledge of investments and retirement savings. A high score was given by 47% of respondents, a low score by 18%.<\/p>\n<p>Among the second group, 8% said they owned Bitcoin and altcoins. Among people with high financial literacy, 4% did.<\/p>\n<p>According to the central bank&#8217;s calculations, 5% of Canadians invest in cryptocurrencies overall. About 84% of respondents had at least heard of them.<\/p>\n<p>In Russia, among bank clients only 10% <a href=\"https:\/\/u1f987.com\/en\/news\/survey-finds-10-of-russian-bank-clients-want-to-invest-in-cryptocurrencies\">are willing to<\/a> invest in crypto assets. The other participants of the survey, conducted by IDF, are considering moving funds from deposits into bonds, real estate and foreign currency.<\/p>\n<p>Subscribe to ForkLog news on <a href=\\\"https:\/\/vk.com\/forklogcom\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canadians with low financial literacy are more likely to invest in cryptocurrencies than their economically literate counterparts. The central bank&#8217;s study notes this.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1951,167],"class_list":["post-29066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bank-of-canada","tag-research"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=29066"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29066\/revisions"}],"predecessor-version":[{"id":29067,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29066\/revisions\/29067"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=29066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=29066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=29066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}