Crypto technology offers tools like payment, lending, borrowing, and saving to anyone with an internet connection. Proponents argue that stricter regulations would deter criminal use. Opponents argue that stricter crypto regulation would limit financial opportunities to citizens that are denied access to or can't afford the fees associated with traditional banking.
Statistics are shown for this demographic
Response rates from 700 St. Thomas's voters.
56% Yes |
44% No |
52% Yes |
38% No |
4% Yes, the government should screen cryptocurrencies before circulation to ensure legitimate value and exchange rates |
3% No, and underprivileged citizens deserve the same financial opportunities and services that traditional banks offer the wealthy |
0% Yes, and ban the use of crytocurrencies |
3% No, and citizens should be allowed to protect their savings from reckless fiscal policies or subjugation |
Trend of support over time for each answer from 700 St. Thomas's voters.
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Trend of how important this issue is for 700 St. Thomas's voters.
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Unique answers from St. Thomas's voters whose views went beyond the provided options.
@9MNT93210mos10MO
Don’t know enough about this issue to have an opinion
@B3Y9Q6F2wks2W
It doesn’t really matter as I believe in a policy of Laissez-faire when it comes to economic purposes.
@B2GVP7S2mos2MO
Depends on the regulations and the rationale behind it so without knowing that I agree with the other who have argued for No with being mostly aligned with governments reckless fiscal policies
@9ZWFB364mos4MO
No, I agree with both the above 'No' options. In general, it is for sure known that some cryptos can be scams, but it is not the same kind of scam that catches old ladies that are too trusting. Instead this is people supposedly tech savvy. As such, if they fall for a scam, it's somewhat their own fault, same as an investment to a fungible business that turns out to be a scam. Perhaps some sort of investments insurance could be in place, but just like all insurance companies, it probably will not benefit anyone that much
@9ZVGBNT4mos4MO
What people want to invest in is their own business and if they see an opportunity for cryptocurrencies good for them. If it goes wrong they know the risks it takes- I think with growth of AI and scamming etc its dodgy ads and scams that need to be regulated.
@9ZTZRT44mos4MO
no, but government should screen cryptocurrencies before circulation to ensure legitimate value and exchange rates
@9MY673N10mos10MO
No, regulations are in place and any person should be able to invest their money as they see fit
@9ZGM5JV 5mos5MO
cryptocurrencies have been used for shady things in the past. They are difficult to monitor therefore some regulation may be good.
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