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FCA publishes research on continued rise in crypto ownership in UK

29 November 2024

FCA publishes research on continued rise in crypto ownership in UK

The Financial Conduct Authority (FCA) published a research note highlighting the continued rise in crypto ownership in the UK along with a Crypto Roadmap which provides a detailed outline of the policy publications on which it will be soliciting feedback before publishing final rules.

 

Key highlights include:

  • Increasing Crypto Ownership: The FCA’s research shows that crypto ownership in the UK continues to grow, with 12% of adults now holding crypto assets. This reflects an increasing need for robust consumer protection and market integrity measures.
  • Future Regulatory Plans: The FCA's roadmap includes several discussion and consultation papers throughout 2024 and 2025 covering areas such as stablecoins, market abuse controls, governance, and operational resilience. By 2026, a comprehensive regulatory regime for a wide range of crypto-related activities, including trading, intermediation, lending, and staking is expected to go live.
  • Focus on Consumer Protection: The FCA is actively addressing risks such as misleading advertisements and inadequate disclosures to protect consumers as the crypto sector matures.

✅ As crypto ownership continues to rise and the FCA rolls out its comprehensive regulatory roadmap, Plenitude’s Digital Assets Practice can help your firm navigate the evolving compliance landscape and prepare for upcoming requirements. Visit our website for more information: https://www.plenitudeconsulting.com/services/digital-assets-practice
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