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The citizens of British Columbia report the highest level of awareness of Bitcoin, with a reported growth from 77 percent in 2016 to 93 in 2017. Prairies is ranked second in Canadian provinces in terms of BTC awareness, with Ontario in third place, according to the study.

Canada’s provincial financial regulator, the Ontario Securities Commission (OSC), had published a report at the end of June finding that only three percent of Ontarians have successfully completed a short test on Bitcoin’s basics, while 34 percent demonstrated average knowledge.

Earlier in June, Bank of Canada executive James Chapman claimed that cryptocurrencies pose no risks to the fiat money system, stating that the only can be a threat in a case of “hyperinflation.”

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