Deep Tide TechFlow News, on November 26, according to Decrypt, the UK's Financial Conduct Authority (FCA) released the latest research report showing that 12% of adults in the UK currently hold cryptocurrency, an increase from the previous 10%. This proportion equates to approximately 7 million cryptocurrency holders in the UK, a significant increase from 5 million in 2022.
The report indicates that the average value of individual cryptocurrency holdings increased from £1,595 to £1,842. Meanwhile, the proportion of users holding £5,001 to £10,000 in crypto assets rose from the previous 6% to 19%. Additionally, only 10% of respondents stated that they did not conduct any research before purchasing cryptocurrency, while 20% of respondents indicated that the main reason for buying cryptocurrency was influenced by 'friends and family.'
Matthew Long, Head of Payments and Digital Assets at FCA, stated that these survey results highlight the 'need for clear regulation to help people better understand the risks.' The research also found that 26% of non-crypto users would be 'more likely' to purchase crypto assets if cryptocurrencies were regulated.
The FCA also released its cryptocurrency regulatory roadmap, planning to cover topics such as market abuse, stablecoins, and crypto staking and lending through discussion papers, consultation papers, and policy statements over the next two years. The final policy statement is expected to be released in 2026, followed by formal implementation.