Crypto Regulation on the Horizon: FCA Responds to Growing Awareness

The FCA reports that cryptocurrency awareness in the UK has reached 93%, with 12% of adults now owning crypto, up from 10%.

Average holdings have grown to £1,842, though many new investors rely on family and friends for advice, with 10% admitting to buying without research. Despite this growth, crypto remains largely unregulated, posing risks of total financial loss. To tackle these issues, the FCA has unveiled a regulatory roadmap focused on transparency and public engagement, aiming to foster a competitive, trustworthy crypto sector with international collaboration.

Clever Robot News Desk 29^th November 2024