Cryptoasset consumer research 2021 (FCA)
A research paper from the FCA
Abstract
This quantitative research follows 2 quantitative studies and 1 qualitative study since October 2018. This latest research will help us develop our thinking on the potential harms and benefits to consumers from cryptoassets, including our understanding of attitudes and patterns of usage.
Cryptocurrencies are, generally, outside the regulatory perimeter. While they can take many forms, and tokens can have very different properties, the most well known take the form of unregulated, transferable tokens, including Bitcoin, Ether and Ripple. This note focuses on unregulated, transferable tokens. As they are largely unregulated, we do not hold significant, relevant data about them.
The 2021 research follows heightened public interest and media coverage, alongside continued growth of the cryptocurrency market, including high cryptocurrency prices. It also comes after more widespread involvement of financial services firms in the market, and significant institutional investment. With these trends in mind, it is unsurprising that our research shows that both ownership and awareness have risen.
Citation
FCA, Cryptoasset consumer research (2021) [online] Available at: Research Note: Cryptoasset consumer research 2021 [Accessed 10 February 2022]
Link
https://www.fca.org.uk/publications/research/research-note-cryptoasset-consumer-research-2021