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UK sees surge in crypto ownership with 7 million Brits investing in digital assets

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Cryptocurrencies were one of the top three performing alternative investment sectors of the past 12 months, alongside peer-to-peer lending and music royalties, according to new research.
The UK has experienced a significant increase in cryptocurrency ownership, with approximately 7 million Britons now holding digital assets, according to a report by the UK's Financial Conduct Authority (FCA). This surge represents a notable shift in investment behavior, driven by the allure of high returns and the growing acceptance of cryptocurrencies as a legitimate asset class. The FCA's findings highlight a diverse demographic of investors, ranging from seasoned traders to newcomers intrigued by the potential of digital currencies. Despite the enthusiasm, the FCA has issued warnings about the risks associated with crypto investments, including high volatility, lack of regulation, and potential for fraud. The report also notes that while the UK's crypto market is expanding, regulatory frameworks are being developed to protect investors and ensure market integrity.

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[ https://www.msn.com/en-gb/money/economy/uk-sees-surge-in-crypto-ownership-with-7-million-brits-investing-in-digital-assets/ar-AA1x6Jap ]