Brits go wild over crypto as UK govt prepares to disclose it | NFT / BTC / DEFI News 📣
Brits go wild over crypto as UK govt prepares to disclose its plans for regulation in weeks
A recent poll has indicated that cryptocurrency is gaining in popularity in the United Kingdom, with a quarter of individuals believing that digital assets are the “future of finance.”
According to a survey of 2,000 persons, 25% of those questioned believe crypto will be the future of finance even if they don’t understand the technology at the moment, as per research commissioned by StarkWare Industries in the Express.
25% believe crypto to be future of finance. Source: StarkWare Industries
Those between the ages of 18 and 24 are the most enthusiastic supporters of cryptocurrency, with 58% of those in this age bracket having previously invested. More than two-thirds of those surveyed had no regrets about their choice, and 68% believed their investments had resulted in a profit.
58% of 18-24 years have already invested in crypto. Source: StarkWare Industries
Bitcoin, Ethereum and Dogecoin were the most familiar currencies among those polled. More than half (55%) of those who do not wish to invest in cryptocurrency mention fear of losing money as their primary reason for not doing so.
Indeed, in the UK, crypto investment fraud has continued to increase dramatically, with a total of 9,458 incidents recorded in 2021, representing a 64% increase over the previous year.
UK to soon announce regulatory crypto measures
Meanwhile, sources claim that the United Kingdom will announce its cryptocurrency regulatory plans in the coming weeks.
The British Finance Minister, Rishi Sunak, is set to make an announcement in the coming weeks regarding a new regulatory system for cryptocurrencies, according to sources who told CNBC.
