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The UK is one of the most dynamic crypto retail markets in the world

The UK is one of the most dynamic crypto retail markets in the world


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    The global cryptocurrency market has recently reached $4 trillion for the first time, and retail investors around the world are focusing on exciting new opportunities.

    In Spain,
    BBVA has announced its cryptocurrency trading and custody services
    For Bitcoin and Ether, retail customers of all legal age in the country are now available to use.

    In the U.S., where the U.S. quickly secures its leadership in the digital asset space, President Trump is preparing to sign an executive order that will open up a $9 trillion retirement market for cryptocurrencies and other alternative investments.

    Therefore, it is particularly disappointing that cryptocurrencies were not mentioned in the principal’s recent speech on mansion. This is another missed opportunity to offer a more obvious opportunity, but investing in crypto assets (and the very real demand for existing consumers to access them) is sternly ignored.

    Now, an active discussion on encouraging retail investment appetite and the relaxed conditions of lending with mortgage loans, while bypassing cryptocurrencies as an asset choice for the younger generation, especially when it comes to mortgages, especially the younger generation. It just doesn’t add up, and like many topics, there’s the risk of not solving the most important things to people.

    Leverage consumer needs and superior regulatory legacy

    This is a pity, because the UK is actually one of the best places to do cryptocurrency business in the world.

    Consumers are very interested in crypto assets.
    Previous Zumo research reveals UK ownership rates close to 40% among young accomplices
    . and

    Analysis by chain
    the UK is still one of Europe’s largest crypto economy.

    Meanwhile, the Financial Conduct Authority (FCA) own data shows that 12% of UK adults now own cryptocurrencies. and

    26% of UK adults who currently don’t own crypto assets say they are more likely to buy if the industry is regulated
    it is clear that consumers are clamoring for regulatory visits.

    The foundations that support a strong regulatory framework also exist firmly, and the future regime will leverage the UK’s precious reputation in financial services and in legal and regulatory matters. As an example,
    Digital Assets Property Bills adopted by Parliament and

    Draft Trust Requirements for Crypto Asset Protection
    Will ensure that the correct custody safeguards are available and that the UK has one of the strictest frameworks in the world with Crypto Asset custody and ownership.

    UK regulators continue to welcome industry comments and consultations, an industry-led approach that emphasizes principles rather than prescriptiveness, is beneficial to the UK in preliminary crypto-works in the UK
    Like travel rules. Most importantly, innovative arrangements, such as the UK branch model, provide the right path for global businesses to continue to enter the UK market.

    But while undoubtedly the right building block, the current approach of the UK policymaker is a bit too scattering gun, led by a government focused on upgrading existing financial pipelines, and the undeniable market signal for investment opportunities in crypto assets is not enough.

    Ask a person on the street who is unlikely to be inspired by British chain gilding. But they are likely to be interested in the basic crypto products that UK retail investors are still locked in or underserved: Bitcoin ETFs are held in tax-sanitation ISAs. Easily access crypto investments through its banking app. A worthy of the name of stable, stable, stable, stable. People want a better financial future and cryptocurrency is part of it.

    Meanwhile, businesses across the crypto asset sector are now seeking financial regulatory authorities to show greater cohesion, decisiveness and clearer market pathways.

    The UK market is full of active customers and requires corporate capitalization and enjoy the reputation of others. As an institution and a collective, we need to stop avoiding the subject and putting cryptocurrencies in UK maps and public discourse.

    The sign seems to be very good. It’s time to capitalize and finish.

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