Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»TRADING NEWS»Cryptocurrency growth in the UK outpaces that of other major countries.
TRADING NEWS

Cryptocurrency growth in the UK outpaces that of other major countries.

By Crypto FlexsDecember 13, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Cryptocurrency growth in the UK outpaces that of other major countries.
Share
Facebook Twitter LinkedIn Pinterest Email

The UK is experiencing a much faster growth rate than all other major countries when it comes to cryptocurrencies.

The UK has said it wants to become a major global cryptocurrency technology hub and first announced this in April 2022. So it would not be particularly surprising to see the UK outpacing the growth of other top cryptocurrency countries so far this year.

UK growing fastest

According to Altindex.com, first reported by the Cyprus-based Financial Mirror, the UK’s cryptocurrency sector “generated $1.9 billion in revenue this year.” This represents “a 137% year-on-year growth from $800 million in 2022.” . This figure is expected to increase to $3.77 billion by 2027.

More than a quarter of the UK population now uses or holds cryptocurrency, and more than 200 businesses accept cryptocurrency payments. Now the largest cryptocurrency economy in Europe, the UK appears on the surface to be fast-tracking cryptocurrencies, perhaps as a potential revenue generator post-Brexit.

Positive growth, but big backlash

All this positive cryptocurrency growth is great to see in the UK. However, with traditional banking empires having invested heavily in fiat money systems, it will be very interesting to see how the government handles the massive backlash from institutions such as the Bank of England and other interested financial institutions.

The UK’s regulatory watchdog, the Financial Conduct Authority (FCA), already oversees a very stringent compliance structure, and on the first day of the new cryptocurrency compliance regime, it issued more than 146 warnings to the public warning of illegal promotions.

Interest in cryptocurrency will grow further

In essence, cryptocurrencies could be considered a private currency for those invested in the traditional financial system, and would therefore be a competition for the pound, which has already suffered a massive decline in value.

As the UK’s economy worsens compared to most of Europe, the government will come under additional pressure to issue even more currency, which will cause the value of the pound to fall and citizens’ money to become worth less and less.

In this kind of environment, people will want to invest their money in real assets. Bitcoin will certainly be one of the main attractions when considering its store of value tag. Moreover, the broader cryptocurrency market may also be of interest as some digital assets here have risen well above inflation and beyond what banks or other financial companies can offer.

Disclaimer: This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

LayerBTC starts $ LBTC ICO to power the new Bitcoin Layer 2 for Apps and Defi.

July 30, 2025

Floki registers an Micar compatible white paper with ESMA.

July 29, 2025

Rome Storm finds $ 1.5 million in donations, with a tornado cash test in three weeks.

July 28, 2025
Add A Comment

Comments are closed.

Recent Posts

LayerBTC starts $ LBTC ICO to power the new Bitcoin Layer 2 for Apps and Defi.

July 30, 2025

Asia Morning Briefing: SEC’s in -kind BTC, ETH ETF reduction shift occurred in Hong Kong a few years ago.

July 30, 2025

XRP Open Interests decrease by $ 2.4B after recent sale

July 30, 2025

Is it really possible to sell Memecoins?

July 29, 2025

Encryption Inheritance Update: July 2025

July 29, 2025

Charting the Course for the Future of Decentralized Platforms

July 29, 2025

Blockchain For Good Alliance Leads Global Digital Cooperation At UN IGF 2025

July 29, 2025

Queens Park Rangers And TokenFi Announces New Partnership

July 29, 2025

Onchain AI Agents Go Live With USDC & Coinbase X402

July 29, 2025

DeepSnitch Introduces Five Specialized AI Agents As Token Presale Goes Live

July 29, 2025

PowerBank’s 3.79 MW Geddes Solar Project Goes Live, Powering New Bitcoin Treasury Strategy

July 29, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

LayerBTC starts $ LBTC ICO to power the new Bitcoin Layer 2 for Apps and Defi.

July 30, 2025

Asia Morning Briefing: SEC’s in -kind BTC, ETH ETF reduction shift occurred in Hong Kong a few years ago.

July 30, 2025

XRP Open Interests decrease by $ 2.4B after recent sale

July 30, 2025
Most Popular

How Ethereum’s Dencun Upgrade Slashed Gas Fees by 95% in Just One Year

March 20, 2025

The Rollman Mining Advantage – Revolutionizing Crypto Mining

March 20, 2024

AAVE Head Aptos: Will this high -speed expansion trigger 30% rally?

April 17, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.