A poll conducted among university students in China indicates that many of them see a bright future for cryptocurrencies in their country. A quarter of the respondents said they would seek employment in the industry that deals with digital assets and related technologies. Approximately one in 12 students already owns digital coins.
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17% of Polled Students Have Had Investments in Crypto
China has a mixed attitude towards cryptocurrencies in general. On the one hand, the government in Beijing effectively expelled coin offering projects and major exchanges out of the mainland. On the other, the crypto mining industry is allowed to thrive in certain regions in the country with cheap, abundant energy in optimal climatic conditions. Plans for a digital yuan are also moving forward with the People’s Bank of China recently hiring six crypto experts.
Unlike authorities, however, the Chinese people have been embracing decentralized currencies with much less hesitation and for obvious reasons – not only the utility they bring but also their censorship resistance. The poll confirms that the young and tech savvy have predominantly positive expectations about the future of the crypto space and are the most eager adopters. Over 8% of Chinese students currently own some cryptocurrency, while another 9% had previously invested in digital assets.
The survey has been conducted by Panews among attendants of 131 colleges and universities in 26 Chinese provinces, the crypto news outlet 8btc reported this weekend. The majority of the respondents, over 77%, are undergraduates, with the rest being graduate students. Most of them are specializing in the fields of economics, management, and engineering but there are also some who study literature, for example.