The United Kingdom’s relations with cryptocurrencies are quite complex. Since crypto is a decentralized entity, the government has many doubts about streamlining digital money. Still, Great Britain is one of the leading destinations for crypto-based companies and projects with many exchanges like Coinbase and Gemini having offices in the country. People are provided with some easy ways to invest in cryptocurrencies, since they are much more enthusiastic about it than the government.
Moreover, Michelmores LLP, a London-based law firm found in a survey that about 20% of UK’s affluent millennials have invested in Bitcoin and other cryptocurrencies. This was at a time when the country’s Financial Conduct Authority (FCA) suggested a crypto ban – the entire crypto ecosystem had caught its attention.
Nevertheless, seeing the enthusiasm of people towards cryptocurrency, it is believed that the United Kingdom will remain a crypto-friendly place, making the purchase of digital assets quite easy and quick.