The post UK’s young voters call for ‘crypto’ to be moved up the political agenda appeared on BitcoinEthereumNews.com.

Ahead of the general election, more than a third of young adults believe the growth of the “crypto” sector should be a key consideration for politicians, with four in ten considering it vital for the U.K.’s economic growth prospects. Amidst growing adoption, a similar figure (32%) say they have concerns about the sector’s future prospects ahead of a change in government. Edinburgh & London, Monday 24 June 2024 – According to new data released today ahead of the upcoming general election, more than a third of young adults in the U.K. believe “crypto” is an important electoral issue. Research commissioned by Zumo, the B2B digital assets infrastructure, and conducted by Focaldata reveals 34% of both 18-24 and 25-34 year-olds think the growth of the “crypto” industry should be front of mind for the country’s politicians. A quarter of all adults (and 44% in London, a prominent fintech hub) think it’s now important for economic growth that the U.K. strengthens its position as a digital assets hub, with the figure rising to four in ten 18-24 year-olds (42%) and 25-34 year-olds (41%). This sentiment follows the recent consultation by the Bank of England and the Financial Conduct Authority (FCA) on a Digital Securities Sandbox, which aims to facilitate the use of digital assets in financial markets. In May 2024, the first U.K. “crypto” exchange traded products (ETPs) listed on the London Stock Exchange (LSE). Zumo and public opinion research company Focaldata’s poll of more than 3,000 U.K. adults also showed 38% of 18-24 year-olds have invested in “cryptocurrencies” themselves, whilst 40% (and 37% of 25-34 year-olds) know friends and family who hold “crypto.” A similar proportion (39%) of 18-24 year-olds (and 37% of 25-34 year-olds) see the nascent sector as a pathway to higher long-term returns on their investments. However, a third…

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Filed under: News - @ June 25, 2024 7:16 pm