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<p>The Financial Conduct Authority (FCA) published consumer research in June 2021,
which offered insight into the cryptoassets market in the UK. The FCA found that 4.4%
of UK adults currently hold cryptocurrency, or approximately 2.3 million consumers.
The FCA also found that the median value of holdings of crypto owners was £300, and
47% of crypto owners (who chose to declare their holdings) had £260 or less in crypto.</p><p>
</p><p>Additionally, the FCA explored consumers’ reasons for buying cryptocurrencies
and found that 38% of crypto users bought their cryptocurrencies “as a gamble to make
or lose money”. This reasoning was down 9 percentage points on 2020, where 47% of
users bought their cryptocurrencies “as a gamble”.</p><p> </p><p>The Cryptoasset Taskforce
– HM Treasury, the Bank of England, the FCA and the Payment Systems Regulator (PSR)
– continues to monitor ongoing development in cryptoasset markets, and is taking forward
a number of regulatory initiatives to manage risks and support innovation.</p>
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