According to a survey by the UK Financial Conduct Authority (FCA), the number of UK cryptocurrency investors grew from 1.9 million last year to 2.3 million in 2021.
In addition to an increase in the number of investors among the UK adult population, there are more people familiar with cryptocurrencies. If last year 73% of respondents answered positively to this question, now their number has increased by 5%.
The regulator also noted the growth of enthusiasm among the population in relation to cryptocurrencies. The percentage of citizens who have had a positive experience of investing in cryptocurrencies and would like to repeat investments increased from 41% to 53%. This is quite expected given the significant growth in the cryptocurrency market over the past year.
However, according to the survey, understanding of what cryptocurrencies are is declining. Only 71% of those surveyed were able to correctly choose the definition of cryptocurrencies in the list. This indicates the arrival of a large number of inexperienced investors.
FCA reminds that most cryptocurrency projects are not regulated and, in case of any problems, investors are not protected by national regulators.
“If consumers invest in such projects, they must be prepared to lose all of their investment,” said Sheldon Mills, FCA’s chief executive officer for consumer and competition.
Earlier, British MP John Glen (John Glen) emphasized that only a few cryptocurrency firms operating in the country comply with the requirements for combating money laundering.
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