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Cryptoasset Ownership and Use in Canada: An Update for 2022

Daniela Balutel, Christopher Henry and Doina Rusu

No 2023-14, Discussion Papers from Bank of Canada

Abstract: This paper provides an update on cryptoasset ownership in Canada using data from two Bank of Canada surveys conducted in 2022. We find that Bitcoin ownership declined from 13% in 2021 to 10% in 2022, and ownership of other cryptoassets also fell. These drops occurred against a background of steep price declines and an increasingly tight regulatory atmosphere for cryptoassets.

Keywords: Bank notes; Digital currencies and fintech; Econometric and statistical methods (search for similar items in EconPapers)
JEL-codes: C81 E4 O51 (search for similar items in EconPapers)
Pages: 39 pages
Date: 2023-07
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