The UK and the rest of Europe are increasingly adopting and becoming aware of cryptocurrencies, with the UK being the most involved in crypto ownership. According to a report by ADAN, Ipsos, and Deloitte with the support of Ripple, 19% of the UK population owns cryptocurrency, which is the highest in Europe.
In France, people’s awareness of cryptoassets is currently at its peak, with more than 90% of the population aware of it. It is interesting to note that almost half of the French people intend to invest in cryptocurrencies in the near future.
The survey, which included over 7,000 participants across the UK, France, Germany, Italy, the Netherlands, and Belgium, dives deep into the current state of crypto adoption.
It includes various issues such as the increase in the internet of value and digital identity, as well as recent regulations. It also discusses the changes that banks and custody services are likely to undergo in order to encourage more adoption of cryptocurrencies.
The report also emphasizes the need for more regulation and the involvement of banks in the process of expanding the use of crypto. As the number of cryptocurrencies continues to grow, one can see that the UK and Europe are opening up to the digital economy as never before.
Also Read: BlackRock enters the UK crypto market with FCA registration
