7 Million UK Adults Own Crypto, FCA Reports; Regulatory Framework Planned by 2026

Nov 26, 2024, 08:47 AM

According to the Financial Conduct Authority (FCA), an estimated 7 million adults in the UK now own cryptoassets, indicating a significant rise in cryptocurrency ownership. The FCA's research highlights the growing use of these digital assets within the country. In response to this increase, the FCA is planning to establish a regulatory framework for cryptocurrencies by 2026, aiming to implement more controls over the market next year. This move reflects the regulator's commitment to overseeing the evolving landscape of crypto in the UK.