Cryptocurrency ownership among UK adults increased to over 12%, with average holdings valued at 1,842 British pounds ($2,318) according to a Financial Conduct Authority (FCA) announcement on November 26. This represents a rise from 10% in June 2023, indicating a strong demand for digital assets. George McDonaugh, co-managing director of KR1, emphasized that such growth showcases crypto's mainstream status as part of modern investment portfolios. In response to this trend, the FCA outlined a regulatory roadmap aiming for comprehensive cryptocurrency regulations by 2026, with initial consultations focusing on stablecoins and custody planned for late 2024. The FCA aims to ensure that the regulations promote innovation while maintaining market integrity and consumer trust. McDonaugh noted the importance of establishing clear regulations to foster economic growth and job creation within the crypto sector.

Source 🔗