UK’s Crypto Craze: Who Knew Money Could Be So Digital? 💸

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Ah, the United Kingdom, that quaint little island where tea is served with a side of cryptocurrency! In the year 2025, it appears that the Brits have taken a fancy to digital coins, outpacing even the mighty United States in this curious endeavor, as revealed by a recent study from the esteemed Gemini. One can only wonder if they sip their Earl Grey while trading Bitcoin.

Gemini, the crypto exchange founded by the illustrious Winklevoss twins—who, by the way, are not just known for their digital currency ventures but also for their uncanny resemblance to Greek statues—released their latest “State of Crypto” report on this fine day, May 27. It offers a glimpse into the ever-evolving world of cryptocurrency adoption, which, let’s be honest, is as unpredictable as British weather.

In a survey of 7,200 adults across the US, Europe, Singapore, and Australia, it was found that Europe is leading the charge in crypto ownership, with the UK proudly waving its flag at the front. The share of respondents claiming to own crypto has risen to a staggering 24% as of April, up from a mere 18% last year. Bravo, dear Brits! Perhaps they believe that owning crypto is akin to owning a piece of the Crown Jewels.

Crypto sees highest ownership in Singapore

While the UK is basking in its newfound crypto glory, it still has some catching up to do. Singapore, that tiny island with a penchant for efficiency, has been crowned the top nation for crypto ownership for the past two years, with 28% of its residents declaring their allegiance to digital currencies. In 2024, that number was a modest 26%. One can only imagine the conversations at their coffee shops: “I’ll have a latte and a Bitcoin, please!”

Meanwhile, our European neighbors are also getting in on the action. In France, 21% of respondents reported owning crypto in 2025, up from 18% in 2024. The US, not to be outdone, saw its numbers rise to 22% from 21%. It seems that nearly one in four people globally now own crypto, which is quite the feat—though one wonders if they know how to actually use it.

Implications of the EU’s MiCA regulation?

According to the wise sages at Gemini, the rise in global crypto ownership can be attributed to the warm and fuzzy feelings left over from the Trump administration’s policies, which, like a good cup of tea, have brewed a positive sentiment following the bear market of 2022. Who knew politics could be so… profitable?

“In particular, crypto ownership in France and the UK increased, reflecting a warming regulatory environment for digital assets in Europe,” the report states, referring to the rollout of the European Union’s Markets in Crypto-Assets Regulation (MiCA). However, the UK, in its typical fashion, has yet to adopt a national regulatory framework for cryptocurrency. Perhaps they’re waiting for the right moment, like a good punchline.

In April, the UK government published a draft statutory instrument aimed at regulating crypto exchanges, dealers, and agents, all in the name of consumer protection and operational resilience. After a public consultation that ended just before May 23, the UK Treasury is expected to finalize the “near-final version” of this instrument later this year. One can only hope it comes with a side of humor, for we could all use a good laugh in these times!

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2025-05-27 14:13