A new survey has revealed that 91% of U.K. respondents know about crypto. But they are also demanding crypto regulation due to the high risk.
The U.K., under the leadership of Prime Minister Rishi Sunak, has the ambition to become a global crypto hub. Hence, the curiosity about the asset class among adults with savings and investments has increased.
Rising Popularity of Crypto
The Financial Service Compensation Scheme (FSCS), a government body responsible for consumer protection, released an “Attitude Towards Investing in Cryptocurrency” report.
The FSCS says that the terms “cryptocurrencies” and “FSCS protection of crypto investment” are among its websites’ most searched terms. So the government body conducted consumer research.
The research revealed that 91% of U.K. adult consumers have heard about cryptocurrency. But in contrast, 46% of the respondents don’t understand how crypto works.
