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Evening Standard
Evening Standard
Business
Simon Hunt

Plunging pound could be lifting UK crypto growth

Crypto United Kingdom Chainalysis

Sterling has fallen 19% against the dollar since January

(Picture: REUTERS)

The sharp fall in the value of the pound could be luring investors into cryptocurrencies like Bitcoin as new research found the UK is the only major European economy to experience growth in crypto adoption since the start of the year.

London’s thriving tech scene and world-class financial institutions are also among likely causes of the UK’s dominance in crypto, according to research by blockchain business Chainalysis.

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