Cryptocurrency
The principal aim of the paper is to reveail insight into holdings of cryptoassets in UK and understand motivations for investing and attitudes/behavioural patterns towards cryptoassets.
Through this survey, the authors Mercy Aju and Tim Burrell have discovered that only 10% of respondents are holding cryptoassets in 2023 and half of cryptoasset users hold less than £100 in cryptoassets.
Most interesting it is the perceptions, for most of the respondents the common reason for purchasing cryptoassets is as "a gamble".
However this is a changing market and a continue monitor its necessary before changing the regulatory framework.
In conclusion even if an increasing awareness of cryptoassets it is present in the market, it should be noted that cryptoassets remain a high-risk investment and predominantly sit outside of the FCA’s current regulatory perimeter.
September 2023
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