WILLEMSTAD – Financial literacy in Curaçao has improved since 2020, but understanding of emerging financial technologies such as cryptocurrency remains limited, according to the CBCS.
The share of respondents answering all general financial knowledge questions correctly nearly doubled compared to four years ago. Awareness of the Central Bank’s role has also increased, reflecting the impact of education campaigns and outreach.
However, only 35 percent of respondents report familiarity with cryptocurrency, and just 13 percent have invested or considered investing. Knowledge declines sharply with age, raising concerns about unequal participation in future financial innovations.
With virtual asset legislation now in force, the CBCS notes that education will be critical to prevent fraud, misinformation, and financial exclusion as digital finance expands.
