More awareness of cryptocurrencies but not ICO

It said the most popular reason for purchasing cryptocurrencies was to make quick money.

KUALA LUMPUR: There is a high level of awareness of cryptocurrencies in Malaysia but the awareness is lower than initial coins offerings (ICOs), which also comes under the crypto assets category, according to a survey by the Organisation for Economic Co-operation and Development (OECD).

"A majority of survey respondents (80%) said they were aware of cryptocurrencies in all three countries. In particular, there was a high level of awareness of cryptocurrencies in Malaysia (84 per cent), 10 percentage points higher than in the Philippines, ” it said.