Half of UK wealth advisers say clients' crypto is ‘invisible’ to them: CoinShares survey

CoinShares survey finds half of UK wealth advisers say clients' crypto is ‘invisible’ to them

A CoinShares survey found that many EU-based wealth management companies had policies that restricted investments in digital assets or provided no guidance on the matter.

Source: CoinShares

The UK’s Financial Conduct Authority (FCA), the watchdog overseeing digital asset regulation, reported in December that about 8% of the country’s adults were invested in crypto. The group recently proposed allowing authorized investment funds to hold up to a 10% allocation of cryptocurrency exchange-traded notes.

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UK Prime Minister Keir Starmer resigned as Labour leader on Monday amid pressure from many in his own party, opening the door to a recently elected member of parliament to take the reins. In a recent by-election, former Mayor of Greater Manchester Andy Burnham won a seat as a member of parliament representing Makerfield, positioning him to be heavily favored by many in Labour to replace Starmer.

While it’s unclear how Burnham may handle crypto policy on a national stage, as mayor, he supported the blockchain industry as a driver for economic development.

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