The recent survey shows that over 33% of young adults across the UK consider crypto to be a significant electoral issue.
With the General Election set for 4 July 2024, a survey has been conducted by Digital-Assets-As-A-Service (DAaaS) platform, Zumo.
The survey was done in collaboration with public opinion research company Focaldata.
Key Stats In Lead Up To The UK General Election
Over 3000 adults in the UK were polled and it was found that a significant portion believe that the country should strive to become a hub for digital assets. While the 18-34 age group largely had this belief, another key result from the survey shows that 34% of 18-24 and 25-34 aged individuals believe that politicians should prioritise the crypto industry’s growth.
According to new data released today ahead of the upcoming general election, more than a third of young adults in the UK believe crypto is an important electoral issue. https://t.co/PsNynBVGkz #Tech | #News | #Zumo
— DIGIT (@digitfyi) June 24, 2024
According to the poll, 38% of 18-24 year-olds have invested in crypto, while 39% view it as a potential source of long-term financial gain. 40% of 18-24 year-olds and 37% of 25-34 year-olds know people who are invested in digital assets.
However, 32% of both 18-24 and 25-34 year-olds expressed concerns about the future of cryptocurrencies in the UK.
It will be interesting to see if these survey results have any bearing on the upcoming General Election.
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Zumo CEO Nick Jones Comments On Survey
Commenting on the survey, Zumo CEO Nick Jones said, “As crypto moves mainstream, it’s clear from our findings that the nation’s young adults are keen for it also to move up the political agenda”.
Pushing for an effective regulatory framework, Jones said, “Moving forward, we’re keen to see the government and the regulators working in step with the industry to implement an appropriate regulatory framework that will help the digital assets sector reach its full potential as a growth driver for the UK economy.”
#Zumo leads FCA #crypto regulation compliance, protecting #cryptocurrency investors and consumers.#UK
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Zumo was the first crypto platform to adhere to the Financial Conduct Authority’s (FCA) new financial promotions framework for crypto asset firms. The new regulations came into effect in October 2023.
Zumo’s speedy compliance with the new FCA rules highlight the company’s drive to maintain compliance in the UK while maintaining consumer protection.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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