Public Perception of Virtual Assets and Tokenized Money

34 SURVEY FINDINGS PART II: TOKENIZED MONEY To increase the adoption of tokenized money, it is crucial to ensure proper regulation, security, and data privacy protection. The top three factors influencing respondents’ decisions to use tokenized money are a high-level of security (56.64%), regulation by respective authorities in Hong Kong (49.70%), and data privacy protection (37.44%). Additionally, the acceptance of tokenized money by virtual asset platforms is important, with 32.30% of respondents preferring global acceptance and 26.66% favoring local acceptance. Consistent with these results, security, regulation by respective authorities in Hong Kong, and data privacy are the top three concerns for respondents in deciding to use tokenized money. Figure 33. Respondents’ Top Considerations for Adopting Tokenized Money Figure 34. Respondents’ Top Concerns about Adopting Tokenized Money A high-level of security Data privacy protection Widely accepted by virtual asset platforms locally Widely accepted by virtual asset platforms globally Regulated by respective authorities in Hong Kong Have equivalent legal status as fiat money (e.g., coins and notes) Others Security Data privacy Whether they are accepted by virtual asset platforms locally Whether they are accepted by virtual asset platforms globally Whether they are regulated by respective authorities in Hong Kong Whether they have equivalent legal status as fiat money (e.g., coins and notes) Others 0% 0% 40% 40% 20% 20% 60% 60% 80% 80% 56.64% 37.44% 26.66% 32.30% 49.70% 28.38% 0.26% 60.89% 40.17% 27.34% 31.35% 48.70% 27.72% 0.24%