Detailed summary:



Surge in crypto ownership


According to the latest research from the Financial Conduct Authority (FCA), 12% of adults in the UK currently own cryptocurrency, up from 10% in the previous survey. This figure equates to approximately 7 million people, compared to 5 million in 2022.



The average value that each person invests in crypto has also increased, from £1,595 to £1,842. Notably, the number of individuals holding significant amounts in crypto (£5,001 to £10,000) has risen from 6% to 19%.



Investment motivation and research demand


Research shows that 20% of investors decide to buy crypto due to the influence of friends and family. However, only 1 in 10 survey participants admit to not conducting any research before investing.



Call for clear regulations


Matthew Long, Director of the Payments and Digital Assets Division of the FCA, emphasizes the importance of establishing clear regulations so that consumers understand the associated risks. Research shows that 26% of non-crypto owners would consider buying if the market were more tightly regulated.



Crypto regulation roadmap in the UK


The FCA has announced plans to regulate crypto through discussion papers, consultations, and policy statements over the next two years. Topics include market abuse, stablecoins, staking, and lending. Final policies are expected to be announced in 2026 and implemented immediately thereafter.



Industry organizations' perspectives


• CryptoUK: The research assessment is seen as a "turning point" for the industry, while anticipating early regulations to increase certainty and attract international investment.


• eToro UK: Leader Dan Moczulski welcomes a comprehensive regulatory framework, stating that it will promote innovation and growth in the crypto industry.



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Summary


Cryptocurrency is gradually becoming mainstream in the UK, with a significant increase in the number of investors and the value of ownership. Implementing a clear regulatory framework will not only protect consumers but also drive sustainable growth in the industry.