Chinese Students Want Crypto Jobs, 8% Own Cryptocurrencies – News Bitcoin News

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A survey of students in China shows that many of them see a bright future for cryptocurrencies in their country. A quarter of respondents said they would seek employment in the industry that deals with digital assets and related technologies. Around every twelfth student already owns digital coins.

Also read: Ukraine in a hurry to legalize cryptocurrencies under Zelensky

17% of the students surveyed have invested in crypto

China has a mixed stance on cryptocurrencies in general. On the one hand, the Beijing government has effectively driven coin offering projects and major exchanges from the mainland. On the other hand, the crypto-mining industry is allowed to thrive in certain regions of the country with cheap, abundant energy under optimal climatic conditions. The plans for a digital yuan are also advancing. The People’s Bank of China recently hired six crypto experts.

However, unlike the authorities, the Chinese people have adopted decentralized currencies with much less hesitation and for obvious reasons – not just because of the benefits it brings, but also because of their resistance to censorship. The survey confirms that young and tech-savvy people have mostly positive expectations for the future of the crypto space and are the most avid users. Over 8% of Chinese students currently own cryptocurrency, while another 9% had previously invested in digital assets.

The survey was conducted by Panews among respondents from 131 colleges and universities in 26 Chinese provinces, crypto news agency 8btc reported this weekend. The majority of the respondents, over 77%, are students, the rest are PhD students. Most of them specialize in business, management and engineering, but there are also some who study literature, for example.

27% of future graduates want to work in the crypto industry

It’s worth noting that almost 27% of the students surveyed said they would seek employment in the growing blockchain industry in the future. Media remains the main source of information about the crypto room and nearly 40% of students describe media reports as influential. Even so, almost a quarter of the participants admit that they don’t know anything about blockchain. 22% say the mainstream media coverage is mostly negative, while 17% say they hear more positive news.

Survey: Chinese students want crypto jobs, 8% want their own crypto currencies

The study’s authors point out that crypto-related education courses are still rare in Chinese higher education institutions. At the same time, the level of awareness of cryptocurrencies is relatively high. 67% of respondents say they know Bitcoin. Around 15% admitted that they had not heard anything about the digital currencies Ethereum, Neo and Facebook’s Libra project. Only seven of the respondents knew all the entries in a list of 11 crypto terms such as “mining”, “stablecoin” and “hash value”.

Although the People’s Republic is careful with cryptocurrencies and has already tried to limit their spread in Chinese society and economy, Beijing has not ignored the development of decentralized coins. For example, the country’s center for information and industrial development regularly publishes crypto rankings in which various projects in the room are rated based on their own logic. If you want to know how the global market rates cryptocurrencies, you can always check the current price and cap on Bitcoin.com.

Do you think the younger generations in China will tip the scales in favor of cryptocurrencies? Share your thoughts in the comments below.

Images courtesy of Shutterstock.

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Bitcoin, Blockchain, China, Chinese, Colleges, Cryptocurrencies, Libra, Mining, Surveys, Provinces, Stablecoin, Students, Study, Survey, Universities