The UK’s crypto possession surge to 18% of adults stems from progressive regulatory readability and tax incentives for long-term holdings. His Majesty’s Treasury’s 2024 “Crypto ISA” program permits £20K annual tax-free crypto investments, mirroring inventory ISAs. In the meantime, China maintains its crypto ban regardless of Hong Kong’s particular administrative standing for digital belongings.
Cultural elements play a job—UK fintech adoption ranks highest in Europe, with 73% utilizing cellular banking versus China’s 89%. Nonetheless, British buyers more and more view crypto as inflation hedge amid stagnant gilt yields. The FCA’s shopper safety framework contrasts with China’s blanket prohibition, fostering belief in regulated platforms.
Demographically, UK adoption is pushed by 25-44 year-olds allocating 5-15% of portfolios to crypto. China’s underground mining and peer-to-peer buying and selling persist however lack institutional participation. Analysts predict the UK might grow to be Europe’s crypto hub if MiCA rules align with home insurance policies.
This text is for informational functions solely and doesn’t represent monetary recommendation. Please conduct your individual analysis earlier than making any funding selections.
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